India, Nov. 30 -- image credit- freepik

According to a report launched at the 17th CII Global MedTech Summit 2025, MedTech manufacturing can take the leap towards being a ~$30 billion sector by FY2030, reduce import dependency to less than 50 per cent and increase India's share to 10-12 per cent in the global market.

The report also highlights the need to build an accessible innovation ecosystem through partnerships with global hospitals helping accelerate clinical validation for Indian MedTech innovations; and to facilitate global companies to set-up 'Co-innovation labs' within MedTech parks in India to accelerate technology transfer, and deepen product R&D.

In other words, local innovation can be fostered by promoting in-house capabi...