1、Confidential June 2025Special ReportMedTech in Motion:Unlocking Indias Medical Devices PotentialIndia as an Emerging Hub for Medical Device ManufacturingIndia continues to outperform global economic challenges,recording the fastest growth among major economies driven by rising per capita income,robu
2、st GDP growth,and improved healthcare accessSpecial Report:MedTech in Motion:Unlocking Indias Medical Devices Potential|June 20251Comparison of India with Global EconomiesSource:Secondary Research,Aranca AnalysisMedical Device Market Size FY 2024 IndiaUSD 11 Bnvs.1.45 Bn Population ChinaUSD 188 BnIs
3、raelUSD 2.5 Bn&1.42 Bn Population 9.39 Mn Population Demand is evolving due to Economic Growth(GDP)Rising Per CapitaIncome(USD)Increase Medical AccessIndias GDP growth has significantly outpaced countries such as China(74%)and Israel(68%)over the past decade,creating strong investment opportunitiesT
4、he increasing per capita income is driving the local production of medical devices to meet domestic demand.Rising hospital numbers are boosting medical access,driving demand for diagnostic tools,devices,and equipment,and increasing the need forlocal production.2.03.92014202491%GDP growth11%increase6
5、%growth1,180 1,315 2022202469,264 91,949 20192024Indian Medical Devices Market Snapshot2Indian medical device market,currently valued at USD 11 Bn and ranked fourth in Asia,serves a population of 1.45 Bn and has grown by 20%since 2019 reflecting Indias increasing demand for medical devices7115020192
6、0242030Indian Medical Device Market(in USD Bn)20%growth9%10%12%7%16%3%30%24%202410%16%7%31%3%6%22%10%20197%16%3%30%26%20307 Bn11 Bn50 BnConsumablesDiagnostic ImagingPatient AidsIV DiagnosticsOrtho and ProstheticsDentalOthersSource:Secondary Research,Aranca AnalysisSpecial Report:MedTech in Motion:Un