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New Delhi: India’s medtech sector is on a rapid growth trajectory and is expected to reach $30 billion by 2030, Union Minister of Health and Family Welfare JP Nadda announced on Saturday. Speaking at the prestigious ‘IIMA Healthcare Summit,’ Nadda emphasized the transformative developments shaping India’s healthcare landscape and the critical role of technology and innovation.
“With the expansion of digital health infrastructure, including Ayushman Bharat Health Account IDs, telemedicine, and AI integration, we are enhancing healthcare access, fostering a compassionate and quality workforce, and advancing towards self-reliance and affordability in medical solutions for all,” the minister remarked.
A Decade of Healthcare Evolution
Highlighting the achievements of India’s healthcare sector over the past decade, Nadda pointed to significant milestones such as:
- Expansion of Medical Infrastructure: Growth in the number of AIIMS institutions and medical colleges.
- Strengthening Public Healthcare: Initiatives like Ayushman Bharat and Mission Indradhanush, which have improved health outcomes for millions.
- Disease Control Measures: A sharp reduction in malaria cases and an exemplary response to the COVID-19 pandemic.
“India has evolved into a global leader in affordable healthcare, fulfilling 20% of the global generic drug supply by volume and producing 60% of the world’s vaccines,” Nadda noted.
The Role of Technology
The integration of advanced technologies into healthcare delivery has been a cornerstone of the government’s efforts, the minister explained. From AI-driven diagnostics to telemedicine platforms bridging rural-urban gaps, technology is paving the way for equitable and quality healthcare.
“As we aim for Viksit Bharat by 2047, we must foster innovation and collaboration across disciplines—management, medicine, engineering, and social sciences—ensuring a people-centric approach to healthcare,” Nadda urged.
A Call for Collaboration
Nadda called upon industry leaders and academia to contribute actively to shaping healthcare policies through research and innovation. “The research work of the industry and academia is meant to be implemented in policy. We, as policymakers, are ready to support you in every way to build that road,” he assured.
The minister’s remarks underline the government’s commitment to building a robust medtech ecosystem, leveraging innovation, and achieving universal healthcare. With a projected market size of $30 billion by 2030, India’s medtech sector is set to emerge as a global powerhouse in medical technology and solutions.
