The Indian market for medical equipment and supplies ranks among the world’s top 20 but, despite strong growth rates, the market remains disproportionately small with per capita spending of USD 2, as of 2011, the medical devices market in India was estimated to be worth USD 2642 million. As the sector gains traction continually over the years, there is a perpetual demand for high quality products (especially in the private sector). Although the high-tech end of the medical device market is dominated by multinationals with extensive service networks, the market for medical supplies and disposable equipment is dominated by domestic manufacturers.

The Indian market for medical equipment and supplies ranks among the world’s top 20 but, despite strong growth rates, the market remains disproportionately small with per capita spending of USD 2, as of 2011, the medical devices market in India was estimated to be worth USD 2642 million. As the sector gains traction continually over the years, there is a perpetual demand for high quality products (especially in the private sector). Although the high-tech end of the medical device market is dominated by multinationals with extensive service networks, the market for medical supplies and disposable equipment is dominated by domestic manufacturers.