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MedTech & Medical Devices
Industrial & TechnologyIndia imports 70% of medical devices — highest import dependency of all sectors
95
₹1.28 Lakh Cr (USD 15.2B)
USD 15.2B
Market 2025 (USD)
+26.9%
CAGR
70%
Intl. Share
Market Size
USD 133B
₹11,172 Cr approx.
TAM
Total Addressable Market
USD 50.1B
₹4,208.4 Cr approx.
SAM
Serviceable Addressable
USD 4B
₹336 Cr approx.
SOM
Serviceable Obtainable
USD 50.1B
₹4.21 Lakh Cr
2030 Forecast
+26.9% CAGR
Market Growth
TAM / SAM / SOM
TAM
USD 133BSAM
USD 50.1BSOM
USD 4BDemand by City Tier
Distribution Channels
Government hospital tenders (CGHS, state procurement — 35%)
25%Private hospital chains (Apollo, Fortis, Manipal — 40%)
25%Authorized distributors (15%)
25%Direct sales to large hospitals (10%)
25%Key Players
Domestic
Poly MedicureHindustan Syringes & Medical DevicesTransasia Bio-Medicals
International
MedtronicSiemens HealthineersJohnson & Johnson MedTech
Regulatory Framework
Regulatory Body
CDSCO (Central Drugs Standard Control Organisation)
Import Duty
BCD 7.5–15% (MFN, HS Ch. 90). TEPA/EFTA-India: most devices E7 (0% by Year 7) or E5 (0% by Year 5). 1 line excluded. Health Cess (5%) and SWS (10% of BCD) apply on top. Saving: 7.5–15 percentage points from Year 5–7.
TEPA / EFTA–India FTA Benefit
Switzerland is a member of EFTA. The EFTA–India Trade & Economic Partnership Agreement (TEPA), signed March 2024, provides phased tariff reductions for Swiss exporters. Consult TEPA.swiss for sector-specific duty schedules and certificate of origin requirements.
Entry Strategy
CDSCO regulates all medical devices under Medical Devices Rules 2017 (amended 2020). Class A/B: 30-day approval. Class C/D: 6–18 months. Price capping on essential devices. National Medical Devices Policy 2023: USD 30B target by 2030. 100% FDI allowed.
Market Barriers
CDSCO registration required for all medical devices
Class C/D devices: 6–18 month approval process
Price capping on essential devices (stents, knee implants)
5% Health Cess on certain imported devices
Opportunities
India imports 70% of medical devices — highest import dependency of all sectors
Government target: USD 30B sector by FY2030 (National Medical Devices Policy 2023)
CDSCO streamlining approval process — Class A/B devices: 30-day approval
Telemedicine and digital health growing at 35% CAGR post-COVID
Medical tourism: 2M+ foreign patients annually — driving premium device demand
MedTech Hub — Deep Dive
Importer Directory, CDSCO Pathway & Swiss Advantage
12 verified Indian importers · 6 Swiss companies · CDSCO step-by-step guide · Hospital network contacts