New Delhi, March 15 (NationPress) India's medical device exports have surpassed $4 billion in FY25, as the nation sets its sights on a $30 billion medical device market by the year 2030. This ambition is driven by the substantial domestic market that India can leverage for growth, according to senior government officials.

The medical devices industry has become an essential element of India's healthcare and manufacturing sectors.

With an increasing global appetite for affordable and high-quality medical technologies, India is positioning itself as a dependable manufacturing and export center. This was a key theme during a Chintan Shivir focused on “Strengthening India’s Medical Devices Export Ecosystem,” jointly organized by the Department of Commerce, the Department of Pharmaceuticals, and the Export Promotion Council for Medical Devices (EPCMD).

The gathering brought together policymakers, regulators, industry leaders, exporters, and sector specialists to discuss strategies for enhancing India's global standing in the MedTech industry.

Aman Sharma, Joint Secretary from the Department of Pharmaceuticals, stressed the importance of prioritizing the quality of medical device manufacturing, calling for collaboration between the industry and regulatory bodies to achieve this goal.

Lav Aggarwal, Additional Secretary and Director General of the Directorate General of Foreign Trade (DGFT), pointed out the necessity of faster growth by tackling structural challenges.

He elaborated on how trade policies and export promotion efforts can bolster India's position in the global medical devices market.

Commerce Secretary Rajesh Agarwal underscored the need for India to evolve beyond its traditional identity as the “Pharmacy of the World” and to establish itself as a leading MedTech manufacturing hub.

Highlighting that India's medical device exports have exceeded $4 billion in FY25, Agarwal called for a significant increase in India's global market share over the next decade. This includes a strong emphasis on high-value manufacturing, research and development investments, incremental innovation, and regulatory alignment.

The overarching goal is to reach a $30 billion medical devices market by 2030, utilizing India's extensive domestic market to scale operations.

Rajiv Nath, Forum Coordinator for the Association of Indian Medical Devices (AiMeD), reiterated the necessity of ongoing collaboration between the government and industry to tackle global regulatory hurdles and enhance domestic manufacturing.