Unlocking the promise of India’s medtech sector

 18-Sep-25, Hindustan Times 

India’s medtech ecosystem holds immense potential but remains constrained by limited insurance coverage, fragmented procurement, and weak enforcement of workplace safety standards. These gaps hinder access to critical, often life-saving, technologies and suppress long-term demand.

Image: Hindustan Times

With a projected market potential of USD50 billion in the next decade, medtech can be a cornerstone of Viksit Bharat, the Indian government's vision to make India a completely developed nation by 2047. Yet, current per capita medtech utilisation in India is approximately USD10, far below the global average of USD60, highlighting untapped potential.

Unlocking this potential requires forward-looking reforms. Expanding public insurance schemes and incentivising private insurers to cover medtech-intensive services such as home care, emergency response and ambulatory care that can build a stable demand base while improving affordability and access. 

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 Healthcare, Medtech & Pharma insights