India’s medical device trade continued to show a significant imbalance in FY26, with imports far exceeding exports, highlighting the sector’s dependence on overseas suppliers for advanced equipment and components.
According to available trade data, India exported medical devices worth ₹28,106 crore during the fiscal year, while imports stood at ₹94,664 crore—nearly three times higher than outbound shipments. The figures underline the country’s growing domestic demand for medical technology, driven by expanding healthcare infrastructure and rising diagnostic needs.
Industry observers note that imports are dominated by high-end equipment such as imaging systems, surgical devices, and specialized diagnostic tools, which are largely sourced from established global manufacturers. In contrast, India’s exports are concentrated in consumables, basic devices, and cost-competitive products supplied to emerging markets.
The widening gap reflects both opportunity and challenge for the domestic industry. While demand is robust, local manufacturing is still scaling up in terms of technology depth and global competitiveness. Policy initiatives aimed at boosting domestic production, including incentives under manufacturing schemes and improved ease of doing business, are expected to gradually reduce import dependence.
Exporters believe that India has the potential to expand its presence in global markets by investing in research and development, quality certifications, and product innovation. Strengthening supply chains and attracting investment in high-value device manufacturing could further enhance export performance over time.
With healthcare demand rising both domestically and globally, stakeholders expect continued growth in the medical device sector, even as efforts intensify to narrow the trade deficit and build a more self-reliant ecosystem.