The India medical equipment market size reached USD 28.63 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 60.38 Billion by 2033, exhibiting a growth rate (CAGR) of 8.65% during 2025-2033. The market is driven by rising healthcare demand, increasing prevalence of chronic diseases, and government initiatives to improve healthcare infrastructure. Technological advancements, such as AI and IoT, along with growing awareness of early diagnosis and treatment, are further propelling the India medical equipment market share, especially in portable and home-based medical devices.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 28.63 Billion |
Market Forecast in 2033 | USD 60.38 Billion |
Market Growth Rate 2025-2033 | 8.65% |
Rising Demand for Portable and Home-Based Medical Devices
The rise in demand for portable and home-based medical devices is majorly driving the India medical equipment market growth. This trend is driven by the growing preference for personalized healthcare and the need for cost-effective solutions, especially in rural and semi-urban areas. Devices such as portable glucose monitors, blood pressure cuffs, and nebulizers are becoming increasingly popular as they enable patients to manage chronic conditions from the comfort of their homes. On World Diabetes Day 2024, India reiterated the urgent need to further strengthen diabetes prevention, management, and equitable access to healthcare services, with this chronic non-communicable disease (NCD) affecting 10.1 crore (approximately 101 million) individuals, as revealed by the ICMR-INDAIB study. Government initiatives under the NP-NCD program include 6,237 community clinics and free essential medicines for the promotion of care for diabetes. Due to a rise in diabetes-related kidney complications, the demand for portable medical equipment in India is witnessing a significant increase. The COVID-19 pandemic further accelerated this trend, as patients sought to minimize hospital visits and reduce exposure to infections. Additionally, advancements in technology, such as IoT-enabled devices, are enhancing the functionality and connectivity of these portable tools, allowing for real-time health monitoring and data sharing with healthcare providers. This shift is not only improving patient outcomes but also reducing the burden on India’s healthcare infrastructure.
Increasing Adoption of AI and Robotics in Medical Equipment
The integration of artificial intelligence (AI) and robotics into medical equipment is transforming the India medical equipment market outlook. AI-powered diagnostic tools, such as imaging systems and pathology analyzers, are gaining traction due to their ability to deliver faster and more accurate results. Robotics is also being increasingly utilized in surgical procedures, offering precision and minimizing human error. This trend is fueled by the growing need for advanced healthcare solutions in a country with a high patient-to-doctor ratio. A research report released by the IMARC Group indicates that the digital health market in India is expected to demonstrate a compound annual growth rate (CAGR) of 19.80% from 2025 to 2033. Government initiatives, such as the promotion of digital health under the National Digital Health Mission, are further supporting the adoption of these technologies. Moreover, private sector investments in AI-driven startups and collaborations with global tech companies are accelerating innovation. As a result, AI and robotics are not only enhancing the efficiency of medical equipment but also paving the way for more accessible and affordable healthcare in India.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, application, and end user.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes diagnostic equipment, therapeutic equipment, patient monitoring devices, surgical equipment, and home healthcare equipment.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes cardiology, orthopaedics, neurology, oncology, gynaecology, ophthalmology, dental, and others.
End User Insights:
The report has provided a detailed breakup and analysis of the market based on the end user. This includes hospitals, ambulatory surgical centers, clinics, home healthcare settings, and diagnostic laboratories.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Product Types Covered | Diagnostic Equipment, Therapeutic Equipment, Patient Monitoring Devices, Surgical Equipment, Home Healthcare Equipment |
Applications Covered | Cardiology, Orthopaedics, Neurology, Oncology, Gynaecology, Ophthalmology, Dental, Others |
End Users Covered | Hospitals, Ambulatory Surgical Centers, Clinics, Home Healthcare Settings, Diagnostic Laboratories |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: