Medical Device Industry in India Reaches $18 Billion as MedTech Manufacturing Gains Global Momentum
India’s medical device industry has expanded rapidly in recent years, growing from an estimated $5 billion in 2020–21 to around $18 billion today, as manufacturing capacity, technology adoption and exports increase across the sector. The developments were highlighted at Medical Fair India 2026, organised by Messe Düsseldorf India at the Bombay Exhibition Centre in Mumbai….