FICCI-DUA White Paper projects India’s medical device industry to reach $250 billion by 2047; stresses need for maintenance ecosystem

What happened: White Paper calls for a safe, reliable, sustainable maintenance ecosystem

FICCI-DUA Consulting released a White Paper titled “Service and Maintenance of Medical Equipment in Indian Healthcare – Towards a Safe, Reliable and Sustainable Medical Device Maintenance Ecosystem” during the inaugural session of the 9th edition of “India Medical Device 2026,” organised by the Department of Pharmaceuticals in association with FICCI. The White Paper projects a strong expansion of India’s medical device sector, but it stresses that this expansion will be meaningful only if medical equipment is serviced, calibrated, and maintained across its full operational life.

Market projections and growth drivers mentioned in the White Paper

The White Paper states the following market direction for India’s medical devices: Current market value: around $14 billionProjection within this decade: $30–50 billionLong-term projection: likely $250 billion by 2047

The White Paper links the projected growth to factors such as rising healthcare demand, increased adoption of advanced medical technologies, government support for indigenous manufacturing, and India’s ambition to become a global MedTech hub.

Background and earlier position: manufacturing progress is not enough