These market figures are proof of how much India has progressed in the medical field.

The living proof of how much healthcare has grown in India is that our country is now behind only 3 countries in the medical device sector, and by 2030 this market will be far behind.

Indian Medical Devices Dector: The size of India's medical device sector is expected to grow to $30 billion by 2030. This statement was given by Union Minister of State for Health and Family Welfare Anupriya Patel on Thursday. Speaking at the CII's 21st Health Summit, Patel said India is the fourth-largest medical device market in Asia after Japan, China and South Korea. India is also among the top 20 global medical device markets in the world.

Anupriya Patel further said that the medical device market in India is recognized as an emerging sector due to the country's growing healthcare needs, technology innovation, government support and emerging market opportunities. He further said that the size of the Indian medical device sector is about $ 14 billion, which is expected to increase to $ 30 billion by 2030.

The MedTech industry works as a catalyst connecting patients, payers, providers and regulators to create a stronger and more equitable healthcare system. He also informed about the launch of the government scheme to promote medical device parks with an outlay of Rs 400 crore, in which Uttar Pradesh, Tamil Nadu, Madhya Pradesh and Himachal Pradesh have been given Rs 100 crore each for infrastructure development

The minister also spoke about the government's efforts to strengthen the medical device ecosystem, boost domestic manufacturing and research, enhance skill development and increase India's share in the global market. Anupriya Patel also highlighted AI innovation in healthcare, creating new ways to facilitate healthcare services and discover new opportunities as they tackle challenges.