Import of medical devices from US on the rise; here's all you need to know

Import in the category rose from $1.35 bn in 2016-17 to $1.52 bn in 2017-18, a 12 per cent rise

Even as medical device makers in America allege the regulatory environment in India has hindered the growth of their export, the data suggests otherwise. From Rs 61.5 billion in 2014-15, import of medical devices from the US was Rs 74.2 bn in 2017-18. 

India imports around 80 per cent of its medical devices’ requirement and a fourth of that comes from the US. The overall medical devices market in India is estimated to be Rs 640 bn. 

In the past couple of years, the US-India Business Council and the Advanced Medical Technology Association (AdvaMed) have alleged that price controls in