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India's Medical Devices & MedTech Sector
India's medical-device industry is worth about $15-16 billion and ranks fourth in Asia, but has long imported its high-end equipment. Its ₹3,420 crore PLI scheme has now put 57 unique devices, from MRI machines to heart valves, into Indian production (25 September 2026).
Last updated 26 September 20267 min read
Latest update
Added the medical-device PLI scorecard of 25 September 2026: production of 57 unique devices, from MRI and CT machines to heart valves, has begun under the ₹3,420 crore scheme approved in 2020, which pays 5 percent on incremental sales for five years across four segments. The card is rebuilt around its core - market, policy, PLI and rules - with a dated log of this year's changes.
- medical devices
- MedTech
- PLI scheme
- Medical Device Parks
- PRIP scheme
- National Medical Devices Policy 2023
- India Medical Device 2026
- AI in MedTech
- Technology Development Board
- Ceramat Private Limited
- bone grafts
- 3D printing
- hydroxyapatite
- PLI medical devices
- 57 medical devices
- Medical Devices Rules 2017
- Heal in India
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