Opportunity worth $35 billion for medtech sector in India by 2030: Bain & Co

India's medtech sector presents a USD 35 billion opportunity by 2030. Exports are projected to reach USD 8 billion, growing over twenty percent annually. The nation is becoming a prominent access-led innovator in the Asia-Pacific region. This growth is driven by increasing healthcare demand and a developing innovation ecosystem. India's medical device exports reached USD 4 billion in FY25.