Prime Highlights-
- AiMeD pushes for deeper BRICS cooperation on medical devices, digital health and HealthTech following the New Delhi Declaration.
- India targets a USD 30 billion medical device market by 2030 through stronger regulatory alignment among BRICS nations.
Key Facts-
- Medical device exports rose to USD 4.1 billion in FY2024-25, up from USD 2.5 billion in FY2020-21.
- India hosts 4,108 licensed medical device manufacturers and exported to 187 countries in FY2025.
Background-
Indian medical device makers could soon reach BRICS markets more easily as member nations work toward common healthcare regulations after the BRICS New Delhi Declaration, the Association of Indian Medical Devices (AiMeD) said. The trade body wants BRICS countries to work more closely on medical devices, digital health and HealthTech.
Exports of Indian medical devices jumped from USD 2.5 billion in FY2020-21 to USD 4.1 billion in FY2024-25. Indian manufacturers shipped devices to 187 countries in FY2025, and the country now counts 4,108 licensed device makers. New Delhi has set a target of a USD 30 billion medical device market by 2030.
Under the BRICS New Delhi Declaration, regulatory bodies across member nations agreed to work together more closely and pursue shared approaches that keep medical products safe and effective. Leaders also threw their support behind digital healthcare systems built around patient needs.
AiMeD Joint Coordinator Dr Rajiv Chhibber said the declaration gives BRICS countries a solid policy base to strengthen healthcare ties and build a connected health-technology ecosystem.
Turning that intent into action, he said, means pushing for matching regulations, recognizing standards already accepted internationally, and creating smoother routes for technology to cross borders.
Chhibber said fewer duplicate approvals and lower barriers to entry would let patients get proven treatments faster. He floated the idea of a shared framework where devices and digital health tools proven safe in one BRICS country would find quicker acceptance elsewhere, strengthening supply chains and opening new partnerships across the Global South.
