India Set to Become Global Med Tech Hub with Digital Push
- India is leading in digital healthcare data, creating new innovation opportunities
- Low cost innovation and price sensitivity will drive med-tech growth
- Free Trade Agreements (FTAs) will attract global medical device manufacturers
India is on the path to becoming a global leader in medical technology research and manufacturing, thanks to its rapid digital transformation in healthcare and strategic trade partnerships. Speaking at the 11th Asia Pacific MedTech Forum 2025 in New Delhi, BVR Subrahmanyam, CEO of Niti Aayog, highlighted how India's digital first approach is creating unmatched opportunities in the med-tech space.
"While the world is still figuring out how to digitize healthcare, India is already generating vast volumes of digital health data", Subrahmanyam said. He compared this shift to the early days of UPI, which revolutionized digital payments after linking Aadhaar, bank accounts, and mobile numbers. A similar breakthrough, he believes, is imminent in healthcare.
This massive digital dataset is expected to spark a wave of innovative and affordable medical products and services, especially suited to India’s price sensitive market. According to Subrahmanyam, this focus on affordability won’t just benefit Indian consumers, it will make India a global hotspot for low cost medical innovation.
He also stressed that India’s growing list of Free Trade Agreements (FTAs) with countries like Australia, the UAE, and the UK will boost global investments in India’s med-tech sector. “The integration of our healthcare systems with global standards is making India very attractive for med-tech research and manufacturing”, he said.
Also Read: India MedTech Expo 2025 to Spotlight Innovation and Global Healthcare Ties
Subrahmanyam emphasized that India isn’t just growing, it’s creating a med-tech ecosystem that spans across semiconductors, manufacturing, and healthcare, making it the ideal base for global companies.
He predicted that India's medical device market will grow 3-4 times in the next 5-7 years, and 10-12 times in the next 25 years, driven by innovation, affordability, and digital strength.
