Find out the latest information on the Indian healthcare market by reading our market insight reports below.
India’s medical devices industry is Asia’s 4th largest and among the top 20 globally, with a clear trajectory to USD 30 billion by 2030. Backed by policy reforms, FDI inflows, and export growth, the sector is rapidly transforming into a global hub for affordable and innovative medtech solutions.
India attracted USD 81 billion in FDI in FY 2025, up from USD 42 billion in 2018, reinforcing its position as a leading global investment destination. Favourable policies, tax incentives, and strong growth prospects continue to draw private equity, venture capital, and foreign players into India.
India’s healthcare industry is entering a transformative phase, driven by rising demand, government investment, and digital innovation. With a population of over 1.4 billion and increasing focus on universal health coverage, the country presents unmatched opportunities across infrastructure, medical devices, biopharma, and digital health.
India has emerged as a global leader in digital health adoption. The Ayushman Bharat Digital Mission (ABDM) now covers more than 450 million citizens, integrating 185,000+ healthcare facilities and digitizing 1.2 billion health records. Daily digital health transactions have crossed 2.8 million, reflecting the rapid uptake of telemedicine, AI enabled diagnostics, and wearable technologies.
Telemedicine consultations have surged by 340% since 2023, while the digital health market is valued at USD 19.14 billion (2025) and projected to reach USD 90 billion by 2034 at a CAGR of 18%. These advances confirm that digital health technology is now a core pillar of value based care delivery across India’s healthcare continuum.