The global medical equipment market was valued at $62.6 billion in 2021 and is expected to reach $134.56 billion by 2030. The market is expected to grow at a compound annual growth rate (CAGR) of 11.35% from 2023 to 2030. The United States is expected to lead the market in revenue generation, with an estimated $182 billion in 2024

In 2022, the medical equipment export market increased by 13% from $133 billion to $150 billion. The top exporters in 2022 were: the United States: $33.3 billion Germany: $17.6 billion Mexico: $14.1 billion China: $12 billion Netherlands: $11.5 billion

Indian medical devices industry has the potential to expand from $12 billion today to $50 billion by 2030. This will cut India's import dependence from the current 64.6% to 35% and increase exports from the current 3.4 billion to 18 billion by 2030.