Medical devices

Stratum 4 · Networks and systems

Medical devices

Medical-device makers supply everything from syringes, catheters and implants to imaging scanners, monitors and diagnostic tests used by hospitals, clinics and patients. MedTech Europe estimates the European medical technology market at about €173 billion in 2025 and puts Europe at 25.5% and the US at 46.4% of world device sales (manufacturer prices, excluding diagnostics), so the world market is of the order of €600-700 billion (rough estimate). Large US and European groups lead high-tech equipment and implants, while China and India are large makers of low-cost consumables.¹

India. India still imports about 70% of its medical devices by value, with electromedical equipment imports alone of about US$ 5.3 billion in 2024-25³. Domestic firms are strong in consumables, stents, valves and diagnostics, and production-linked incentives and device parks aim to move into imaging and electronics.

Where ₹100 of medical devices output goes

Where ₹100 of medical devices output goes Every rupee of sales is paid out to someone along the chain. This splits ₹100 of output by who finally receives it, so you can see how exposed the industry is to commodity, chemical and energy prices. Commodities ₹15.1 Chemicals ₹1.6 Energy ₹10.0 Wages and…

Price links with supplier industries

Price links with supplier industries How the industries this one buys from shape its prices: the share of its costs they make up, and how their prices have moved together. Tap a row for the charts. Hover or tap ? for what each measure means. Supplier industry Cost share Raw-material mix…

Follow one offering through the chain

Follow one offering through the chain 4 Example story · 8 steps · India A drug-eluting heart stent made in India Follow a coronary stent from cobalt mine to cath lab, and the price cap in between. 1 / 8 · Materials and components A cobalt-chromium tube, laser cut 74% DR Congo's cobalt share, 2025…

Buys directly from

Buys directly from Semiconductors Machinery and equipment Plastic and rubber products Textiles and leather Depends on through its suppliers Electrical equipment Metal products Water and sanitation Sells directly into Healthcare services

Value chain, from upstream to the customer

Value chain, from upstream to the customer Criticality to the chain: 5 · Chokepoint 4 · Critical 3 · Important 2 · Supporting 1 · Commodity service Stage 1 Materials and components Medical-grade polymer and component suppliers 3 · Important Supply biocompatible plastics, silicones, tubing, films…

What the whole chain draws on

What the whole chain draws on Every commodity, chemical and energy tile named by the enterprises above; ×n shows how many of them depend on it. Open any tile for its full detail. Commodities (17) Co Cobalt ×2 He Helium ×2 Ti Titanium ×2 Si Silicon Li Lithium Au Gold W Tungsten Cs Caesium Nb…

Chokepoints and risks

Chokepoints and risks India imports about 70% of devices by value, including most imaging and electromedical equipment 3 . Ethylene oxide sterilisation handles roughly half of US sterile devices at a limited set of plants under tightening emission rules 4 . Helium for MRI comes from a few…

Sources

Sources The European Medical Technology in Figures: market MedTech Europe, 2025 MedTech Europe publishes Facts & Figures 2025 MedTech Europe, 2025 Medical device imports still at 70%, India spent over USD 25 billion in 5 years: Parliament informed (Rajya Sabha reply, 29 July 2025) Medical…

Relationship cards

• Healthcare services: Hospitals and diagnostic centres are the buyers of medical devices, and about 70% of India's device market is met by imports (2024 assessment); price caps on stents and state support for device parks are the two policy levers on this link. (researched)
• Computers and electronics: Medical devices buys from Computers and electronics; medical devices depends on computers and electronics.
• Education and research: Medical devices buys from Education and research; medical devices depends on education and research.
• Finance: banking, insurance, markets: Medical devices buys from Finance: banking, insurance, markets; medical devices depends on finance: banking, insurance, markets.
• Machinery and equipment: Medical devices buys from Machinery and equipment; medical devices depends on machinery and equipment.
• Metal products: Medical devices buys from Metal products; medical devices depends on metal products.
• Paper and packaging: Medical devices buys from Paper and packaging; medical devices depends on paper and packaging.
• Plastic and rubber products: Medical devices buys from Plastic and rubber products; medical devices depends on plastic and rubber products.
• Professional services: Medical devices buys from Professional services; medical devices depends on professional services.
• Public administration, defence and security: Medical devices buys from Public administration, defence and security; medical devices depends on public administration, defence and security.
• Semiconductors: Medical devices buys from Semiconductors; medical devices depends on semiconductors.
• Software and IT services: Medical devices buys from Software and IT services; medical devices depends on software and IT services.
• Textiles and leather: Medical devices buys from Textiles and leather; medical devices depends on textiles and leather.
• Transport and logistics: Medical devices buys from Transport and logistics; medical devices depends on transport and logistics.
• Waste and recycling: Medical devices buys from Waste and recycling; medical devices depends on waste and recycling.
• Wholesale and retail trade: Medical devices buys from Wholesale and retail trade; medical devices depends on wholesale and retail trade.
• AC transmission: Medical devices depends on AC transmission.
• Adhesives and sealants: Medical devices depends on adhesives and sealants.
• Argon: Medical devices depends on argon.
• Caesium: Medical devices depends on caesium.
• Carbon dioxide: Medical devices depends on carbon dioxide.
• Chromium: Medical devices depends on chromium.
• Cobalt: Medical devices depends on cobalt.
• Copper: Medical devices depends on copper.
• Cotton: Medical devices depends on cotton.
• Electric heating: Medical devices depends on electric heating.
• Electronic specialty gases: Medical devices depends on electronic specialty gases.
• Energy in buildings: Medical devices depends on energy in buildings.
• Ethylene oxide: Medical devices depends on ethylene oxide.
• Fluoropolymers (PTFE, PVDF): Medical devices depends on fluoropolymers (PTFE, PVDF).
• Gold: Medical devices depends on gold.
• Heat pumps, air conditioning and refrigeration: Medical devices depends on heat pumps, air conditioning and refrigeration.
• Helium: Medical devices depends on helium.
• Hydrogen peroxide: Medical devices depends on hydrogen peroxide.
• Isopropanol: Medical devices depends on isopropanol.
• Lithium: Medical devices depends on lithium.
• Nickel: Medical devices depends on nickel.
• Nickel-rich lithium-ion batteries: Medical devices depends on nickel-rich lithium-ion batteries.
• Niobium: Medical devices depends on niobium.
• Other and primary batteries: Medical devices depends on other and primary batteries.
• PVC: Medical devices depends on PVC.
• Plasticisers: Medical devices depends on plasticisers.
• Platinum: Medical devices depends on platinum.
• Polycarbonate: Medical devices depends on polycarbonate.
• Polypropylene: Medical devices depends on polypropylene.
• Polyurethanes (MDI, TDI, polyols): Medical devices depends on polyurethanes (MDI, TDI, polyols).
• Rare earths: Medical devices depends on rare earths.
• Reagents and high-purity lab chemicals: Medical devices depends on reagents and high-purity lab chemicals.
• Silicon: Medical devices depends on silicon.
• Silicones: Medical devices depends on silicones.
• Steel: Medical devices depends on steel.
• Tantalum: Medical devices depends on tantalum.
• Titanium: Medical devices depends on titanium.
• Tungsten: Medical devices depends on tungsten.