India is a booming market for medical devices, with a growing demand for quality and affordable healthcare solutions. The country is home to some of the world’s leading medical device manufacturers, who offer innovative and diverse products and services across various segments of the healthcare industry. But who are these companies, and what makes them stand out?
The industry comprises both domestic and multinational companies that offer a wide range of products and services across various segments such as cardiology, orthopedics, surgery, diagnostics, and more. In this article, we will look at the top 10 medical device companies in India, based on their revenue, market share, product portfolio, and innovation.
| Market Size (Current) | $11 Billion |
| CAGR (Compund Annual Growth Rate) | 15% |
| Market Size (By 2025) | $50 Billion |
List of Top 10 Medical Device Companies in India
Let’s start with the necessary information for each company listed in this article.
1. Johnson & Johnson Private Limited
Johnson & Johnson is a global healthcare giant that operates in three segments: pharmaceuticals, consumer health, and medical devices. The company has a strong presence in India, with a subsidiary established in 1947 and a network of over 60 manufacturing and distribution facilities across the country.
The company’s medical device portfolio in India includes products for surgery, orthopedics, cardiology, diabetes, vision care, and more. Some of the well-known brands of the company are Ethicon, DePuy Synthes, Biosense Webster, Animas, and Acuvue.
The company is also committed to innovation and social responsibility, with initiatives such as the Johnson & Johnson Institute, the Johnson & Johnson Innovation Center, and the Johnson & Johnson Corporate Citizenship Trust.
Company Details
- Product Portfolio: Over 200 products
- Innovation: Over 100 patents filed in India
- Website: www.jnj.in
- Email: support@acuvue.co.in
- Phone: +91-22-66646464
- Address: Arena Space, Behind Majas Bus Depot, Off Jogeshwari Vikhroli Link Road, Jogeshwari (E), Mumbai 400 060
2. Medtronic PLC
Medtronic is a global leader in medical technology, services, and solutions, with a mission to alleviate pain, restore health, and extend life. The company has been operating in India since 1979, with a subsidiary called India Medtronic Private Limited and a state-of-the-art engineering and innovation center in Hyderabad.
The company offers a diverse range of medical devices in India, covering segments such as cardiac and vascular, restorative therapies, diabetes, and minimally invasive therapies. Some of the products of the company are pacemakers, heart valves, neurostimulation systems, insulin pumps, surgical tools, and more.
The company also provides training and education programs for healthcare professionals and patients, as well as access and affordability initiatives to improve healthcare outcomes. The list would be incomplete if we hadn’t included Medtronic PLC as the best medical device company in India.
Company Details
- Product Portfolio: Over 150 products
- Innovation: Over 50 patents filed in India
- Website: www.medtronic.com
- Email: rs.indiaresponsecare@medtronic.com
- Phone: 08048971329
- Address: 5th Floor, North Wing, Campus 5B, RMZ Ecoworld, Sarjapur Marathahalli Outer Ring Road, Bangalore 560 103
3. Abbott India Limited
Abbott is a global healthcare company that focuses on four core areas: diagnostics, medical devices, nutrition, and branded generic pharmaceuticals. The company has a long history in India, dating back to 1910 when it first set up a sales office in Mumbai. Today, the company has over 14,000 employees and 10 manufacturing facilities in India, catering to the diverse healthcare needs of the country4. The company’s medical device segment in India includes products for cardiology, diabetes, neuromodulation, and vascular. Some of the products of the company are coronary stents, glucose monitors, spinal cord stimulators, and endovascular devices. The company also invests in research and development, clinical trials, and social impact programs in India.
Company Details
- Product Portfolio: Over 100 products
- Innovation: Over 40 patents filed in India
- Website: www.abbott.co.in
- Email: webmaster@abbott.co.in
- Phone: +91-22-28717400
- Address: 3, Corporate Park, Sion Trombay Road, Mumbai – 400 071 India
4. Siemens Healthineers India
Siemens Healthineers is a leading medical device company in India that offers products and services for diagnostic and therapeutic imaging, laboratory diagnostics, and molecular medicine. The company is a part of the Siemens Group, which has been present in India since 1867 and has over 22,000 employees and 8 manufacturing plants in the country.
The company’s medical device segment in India includes products for radiology, cardiology, neurology, oncology, and more. Some of the products of the company are MRI scanners, CT scanners, ultrasound machines, PET/CT systems, and angiography systems. The company also provides digital health solutions, consulting services, and education and training programs for healthcare professionals and patients in India.
Company Details
- Product Portfolio: Over 80 products
- Innovation: Over 30 patents filed in India
- Website: [www.siemens-healthineers.com]
- Email: contact.healthcare.in@siemens.com
- Phone: +91-22-3370 0600
- Address: Unit No. 9A, 9th Floor, North Tower, Godrej One, Pirojshanagar, Eastern Express Highway, Vikhroli East, Mumbai – 400 079, India
5. GE Healthcare India
GE Healthcare is a global medical technology and digital solutions company that provides products, services, and insights for the healthcare industry. The company is a part of the GE Group, which has been operating in India since 1902 and has over 18,000 employees and 21 manufacturing facilities in the country.
The company’s medical device segment in India includes products for imaging, ultrasound, life care solutions, and biopharma. Some of the products of the company are X-ray machines, mammography systems, ventilators, anesthesia machines, and cell therapy technologies.
The company also offers software and analytics solutions, clinical and technical support, and innovation and partnership programs for healthcare providers and patients in India.
Company Details
- Product Portfolio: Over 60 products
- Innovation: Over 20 patents filed in India
- Website: [www.gehealthcare.in]
- Email: TeamGEHealthcare@ge.com
- Phone: 1800-102-7750
- Address: No. 4, Kadugodi Industrial Area, Bangalore 560067, Karnataka, India
6. Danaher Corporation India
Another in the list of medical device manufacturing companies in India, Danaher Corporation is a global science and technology company that operates in three segments: life sciences, diagnostics, and environmental and applied solutions. The company has had a presence in India since 1994, with a subsidiary called DHR Holding India Private Limited and a network of over 20 operating companies and 10 manufacturing facilities in the country.
The company’s medical device segment in India includes products for clinical diagnostics, dental, and life sciences. Some of the products of the company are hematology analyzers, molecular diagnostics systems, dental implants, and mass spectrometers.
The company also leverages its Danaher Business System, a set of tools and processes for continuous improvement and innovation, to deliver value to its customers and stakeholders in India.
Company Details
- Product Portfolio: Over 40 products
- Innovation: Over 10 patents filed in India
- Website: [www.danaher.com]
- Email: info@danaher.com
- Phone: +91-124-234 2001
- Address: 8th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase III, Gurgaon 122 002
7. Baxter India Private Limited
Baxter is a global healthcare company that develops and delivers products and therapies for acute and chronic care. The company has been operating in India since 1997, with a subsidiary called Baxter India Private Limited and a manufacturing facility in Ahmedabad.
The company’s medical device segment in India includes products for renal care, infusion systems, parenteral nutrition, and biosurgery. Some of the products of the company are dialysis machines, infusion pumps, intravenous solutions, and hemostatic agents. The company also engages in corporate social responsibility activities, such as supporting education, health, and environmental initiatives in India.
Company Details
- Product Portfolio: Over 20 products
- Innovation: Over 5 patents filed in India
- Website: www.baxter.in
- Email: Global_CORP_Investor_Relations@baxter.com
- Phone: 0124 450 0200
- Address: 5th floor, Tower A, Building No.9, DLF Cyber City, DLF Phase 3, Sector 24, Gurugram, Haryana 122002
8. 3M India Limited
3M is a global science and innovation company that offers products and solutions for various industries and markets. The company has been operating in India since 1987, with a subsidiary called 3M India Limited and five manufacturing facilities across the country.
The company’s medical device segment, a leading medical device manufacturing company in India includes products for infection prevention, wound care, oral care, drug delivery, and health information systems.
Some of the products of the company are surgical masks, wound dressings, dental adhesives, inhalers, and coding software. The company also fosters a culture of innovation and collaboration, with initiatives such as the 3M Innovation Center, the 3M Technical Center, and the 3M Customer Innovation Center in India.
Company Details
- Market Share (India): 4.5%
- Product Portfolio: Over 20 products
- Innovation: Over 5 patents filed in India
- Website: www.3mindia.in
- Email: 3mhcbcare.in@mmm.com
- Phone: 1800-425-3030
- Address: Concorde Block, UB City, 24, Vittal Mallya Road, Bangalore 560 001
9. Siemens Healthineers India
Siemens Healthineers is a leading medical device company in India that offers products and services for diagnostic and therapeutic imaging, laboratory diagnostics, and molecular medicine. The company is a part of the Siemens Group, which has been present in India since 1867 and has over 22,000 employees and 8 manufacturing plants in the country.
The company’s medical device segment in India includes products for radiology, cardiology, neurology, oncology, and more. Some of the products of the company are MRI scanners, CT scanners, ultrasound machines, PET/CT systems, and angiography systems. The company also provides digital health solutions, consulting services, and education and training programs for healthcare professionals and patients in India4.
Company Details
- Product Portfolio: Over 80 products
- Innovation: Over 30 patents filed in India
- Website: www.siemens-healthineers.com
- Email: contact.healthcare.in@siemens.com
- Phone: +91-22-3370 8000
- Address: 130, Pandurang Budhkar Marg, Worli, Mumbai 400 018
10. Stryker India Private Limited
Stryker is a global medical technology company that offers products and services for orthopedics, medical and surgical, neurotechnology, and spine. The company has been operating in India since 1999, with a subsidiary called Stryker India Private Limited and a research and development center in Gurgaon.
The company’s medical device segment in India includes products for joint replacement, trauma, sports medicine, endoscopy, neurovascular, and spinal surgery. Some of the products of the company are hip and knee implants, bone screws, arthroscopes, stents, and spinal implants. The company also provides training and education programs, service and repair solutions, and sustainability initiatives for healthcare professionals and patients in India.
Company Details
- Product Portfolio: Over 40 products
- Innovation: Over 10 patents filed in India
- Website: www.stryker.com
- Email: Service.india@stryker.com
- Phone: +91-124-6881780
- Address: 6 floor, Unit no. 0602, Block 1 – Phase 1 International Tech Park, Sector 59, Behrampur Village Gurgaon, Haryana, 122101
Conclusion
We have seen the list of top 10 medical device manufacturing companies in India, who are shaping the future of healthcare in the country and beyond. These companies are not only providing high-quality and cost-effective products and services, but also investing in research and development, social responsibility, and customer satisfaction.
They are also contributing to the growth and development of the medical device industry in India, which is expected to reach $50 billion by 2025. If you are interested in learning more about these companies and their products, you can visit their websites or contact them directly using the information provided in this article.
