India Prioritizes Domestic Medical Device Manufacturing to Enhance Healthcare Affordability and Accessibility
India is significantly boosting its domestic manufacturing of medical devices and healthcare equipment, aiming to become a global hub in medical technology. This initiative is driven by increasing healthcare demand, a historical reliance on imported medical equipment, and the need to make advanced treatments more affordable. The government's Production Linked Incentive (PLI) Scheme is central to this transformation, offering financial incentives to companies that increase domestic production. The scheme has been extended to 2035–36 with more flexible eligibility conditions, signaling a long-term commitment to the sector. The focus is on producing a wide range of equipment, including diagnostic and imaging systems, critical care devices, surgical instruments, and advanced components like sensors and semiconductors. This strategic shift is intended to strengthen India's healthcare infrastructure, reduce import dependence, and foster innovation within the country's medical technology ecosystem. The success of...
