According to IMARC Group’s latest report titled "India Medical Equipment Market Size, Share, Trends and Forecast by Product Type, Application, End User, and Region, 2025-2033", this study offers a granular analysis of the industry's shift towards portable, home-based, and AI-integrated healthcare solutions. The study offers a profound analysis of the industry, encompassing market share, size, growth factors, key trends, and regional insights.India Medical Equipment Market Overview
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.
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Top Emerging Trends in the India Medical Equipment Market:
Home-Based Care: Surge in demand for portable devices like nebulizers and pulse oximeters, driven by the need for convenient chronic disease management.
AI & Robotics: Increasing adoption of robotic surgical systems and AI-powered diagnostic tools to enhance precision and reduce human error.
Domestic Manufacturing: "Make in India" initiatives encouraging global players like Horiba to set up local manufacturing units, reducing import reliance.
Digital Health Integration: Collaboration between device manufacturers and digital health platforms (e.g., OMRON and AliveCor) to offer comprehensive health management solutions.
India Medical Equipment Market Growth Factors (Drivers)
Chronic Disease Burden: High incidence of NCDs (Non-Communicable Diseases) necessitating regular monitoring and early diagnosis.
Government Support: Initiatives like the NP-NCD program and National Digital Health Mission creating a conducive ecosystem for advanced medical technology.
Infrastructure Expansion: Growth of hospitals, clinics, and diagnostic centers in Tier-2 and Tier-3 cities expanding the install base for medical equipment.
Technological Advancements: Innovation in wearable medical devices and telemedicine bridging the gap between patients and healthcare providers.
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