India, June 1 -- Image credit- shutterstock

India's diagnostics and MedTech sector is becoming an increasingly important component of the country's healthcare ecosystem, public health preparedness and manufacturing strategy. India's diagnostics supply ecosystem spans in-vitro diagnostic reagents and instruments, diagnostic imaging equipment, and related software and services.

The Indian MedTech market is currently valued at approximately $18.3 billion in 2026, up from $16.97 billion in 2025. Within this, the In-Vitro Diagnostics (IVD) segment represents a significant share and was valued at approximately $5.60 billion during FY2025-26, according to Association of Diagnostics Manufacturers of India (ADMI)). Within the IVD segment, reagen...