India Medical Device Consulting
Discover how YCP excels in enhancing your success in India's medical device sector. With a commitment to fostering growth in this competitive market, YCP offers industry-centric insights and a hands-on support approach, leveraging decades of expertise and global reach to positively impact your business.
YCP in Numbers
Entering India's medical device market, companies must note the recent sector growth rate of
15%
making it one of the fastest-growing medical technology markets poised for strong expansion.
Source: Invest India, 2024
YCP Medical Device Experts in India
The medical device industry in India is witnessing transformative dynamics, as the country blooms with advancements in various sectors. India's robust economic progress and increased healthcare investments have significantly propelled the medical device sector, making it a crucial player in the global landscape.
YCP leverages its extensive network of global professionals and profound understanding of India's medical device sector to provide outstanding consulting services. Having helped numerous clients navigate market barriers and optimize entry and growth strategies, YCP's medical device consulting is strategically designed to mitigate challenges and pursue unparalleled opportunities within this thriving market.
YCP stands as a trusted consulting partner for businesses aiming to excel in the competitive landscape of India's medical device market. Our confidence and precision in strategy execution reaffirm our commitment to driving substantial success for our clients in this rapidly growing sector.
Unlocking Potential: Your Path to Excellence with
India's Medical Device Professionals
Go to Market Strategy
Commanding an unmatched prowess in India's Medical Device market, YCP expertly guides companies to pinpoint Go-To-Market strategies.
Channel Optimization
Elevating patient outcomes, YCP excels in medical device channel optimization, navigating India's dynamic market with strategic innovation and precision.
Product Market Fit
As pioneers in navigating India's medical device sector, YCP offers invaluable insights and strategic guidance to enhance product market fit tailored to local demands.
Regulatory Access Planning
In India, Regulatory Access Planning guides medical device entry with extensive expertise, ensuring compliance and market success for YCP's clients.
Our Services
Marketing & Sales
Employing stringent analysis in India's medical device sector to enhance your market approach.
- Branding & Brand Management
- Product & Portfolio Management
- Pricing
- Digital Marketing
- E-commerce
- Customer Experience
- Sales Channel Strategy
- Digital Sales
Operations
Navigating India's medical landscape, YCP offers tailored operational consulting for device firms.
- Project Management Office (PMO)
- Growth Strategy Implementation
- Operation Transformation
- Manufacturing
- Organization Design
Supply Chain Management
Navigate India's med-device landscape with strategic SCM insights for operational efficiency.
- Supply Chain
- Digital Supply Chain
- Procurement
- Logistics
M&A, Transactions, and PMI
Leverage risk mitigation and strategic insight to navigate M&A and PMI complexities in India biotech.
- M&A Strategy
- Divesstiture/Curb-out Strategy
- M&A Target Scouting
- Buyer/Investor Search
- Commercial Due Diligence
- M&A Execution (Buy-side & Sell-side Financial Advisory)
- Valuation
- Post-Merger Integration (PMI)
- Value Creation
- IPO PMO
- Joint Venture
- Corporate Venture Capital
Strategy
Deliver strategic insights to navigate India's medical device regulations for optimal market entry.
- Business Strategy
- Corporate Finance
- Growth Opportunity Identification
- New Business Development
- Organization Strategy
- Enterprise Risk Management
- Asset/Project Risk Management
- Digital Strategy
- Strategic Partnership & Channel Strategy
Digital Transformation
YCP enhances digital medical enterprise strategies, ensuring compliance and innovation in India.
- DX Vision
- Digital Roadmap
- CIO/CDO Support
- System Architecture Design
- DX PMO
- Artificial Intelligence (AI)
- Robotic Process Automation (RPA)
- Big Data Analysis
- IT Organization Design & Restructuring
- IT Portfolio Management
- Off-shore Development Centre Set-up
Public Services
Transform India's medical landscape by streamlining device approvals and market access for next-gen advances.
- Economic Development
- Public Policy Development
- E-Governance
Sustainability
Craft intelligent sustainability strategies to advance medical device innovation compliance in India.
- Sustainability Strategy & Implementation
- Double Materiality
- Decarbonization & Net-Zero Strategy
- Climate Change Risks and Opportunities
- Sustainability Due Diligence
- Supply Chain Assessment
- ESG Reporting
- Investor Relations & Fundraising
- Organization & Governance Design
Market Research
Utilize keen insights and strategic analysis to decipher and navigate India's medical device landscape.
- Market Landscape
- Market Size
- Industry Structure and Trend
- Competitive Benchmark
- Business Partner Search & Screening
- B2B/B2C Customer Survey
- Consumer Research
Navigating Medical Device Sector in India
Infrastructure Limitations Challenge in Medical Device Sector
- India's medical device industry relies heavily on imports, with around 75% of devices sourced internationally. This dependency poses risks to local development.
- Fostering local manufacturing through increased investment in R&D could enhance domestic capabilities. Improving infrastructure may meet surging internal demands.
Regulatory Framework Complexity Inflicts Hurdles
- The intricate regulatory environment in India can hamper market entry. Compliance with multiple regulatory bodies adds to administrative burdens and delays.
- Adopting more streamlined guidelines and aligning them with global standards could ease entry. An estimated 20% efficiency boost is attainable.
Growth Potential in India’s Medical Device Market
- The Indian medical device market is anticipated to reach $50 billion by 2025, ranking among the world's fastest-growing sectors and extending vast opportunities.
- Leveraging technology advancements and increasing domestic manufacturing capacity can help capitalize on this growth trajectory.
Increased Healthcare Spending as an Opportunity
- With healthcare spending in India projected to exhibit a CAGR of over 15% to nearly double by 2025, demand for medical devices will rise significantly.
- By addressing capacity expansion, the growth in spending can facilitate procurement and reduce reliance on international products, boosting local industry expansion.
Our Clients
We have worked with more than 2000 companies throughout various industries.
What Our Clients Say About Us
"We are very happy with the projects handled by YCP for Saint-Gobain. The YCP teams have been fully engaged and have shown real professionalism. They understood our needs and completely fulfilled our expectations. Thanks to a step by step process, many interactions were possible between YCP and our company, and their team reacted with the right flexibility and pace. The studies conducted by YCP delivered very practical recommendations and valuable conclusions for us. We definitely recommend YCP. "
Global Marketing Director
Saint Gobain
"YCP’s vast network and enormous experience in India, benefited us in identifying some of the competent Institutes, which were not on our radar before. Being a huge country, it is not easy to locate such Institutes that may not be popular or generally well known but that may have specific competencies useful for our applications. YCP truly served as a partner to link us with new academia in India, which has great potential for collaboration. I personally appreciate the dedication and professionalism of YCP's entire team, & particularly would like to thank Heiko for his excellent project management & valuable inputs. Thank you for the cooperation and we hope to continue the partnership we have built up so far. "
Asia Partnerships Manager - ITC Asia
Essilor
Results Through Expertise: Case Studies
Learn how we help clients build and implement strategies
that drive sustainable growth in today’s complex business landscape.
Enhancing Syringe Supply Chain Efficiency via Strategic Sourcing
Client
A multi-specialty tertiary care provider
Area
India -- Northern and Eastern regions
Expertise Scope
Supply Chain Turnarounds, Expert Sourcing, Procurement Operations
Project Summary
Utilizing a comprehensive Strategic Sourcing process, the client was able to reduce costs and enhance the efficiency of their syringe supply chain. This netted the client a 10% annual cost reduction, 4% incumbent cost reduction, and successful integration of new suppliers.
Middle Class Hospital Market Opportunity
Client
A management services firm
Area
India
Expertise Scope
Operations Analysis, Process Streamlining, Technology Implementation
Project Summary
Our team conducted a thorough analysis of the client's current operations, identifying areas for improvement and inefficiencies. We developed a comprehensive plan to streamline processes, including implementation of new technologies and optimized resource allocation. Throughout the engagement, we provided ongoing support and guidance to ensure successful implementation.
YCP in Media
Our Group CEO Yuki Ishida and Managing Partner Karambir Anand shared insights at the ASEAN–Japan Young Business Leaders’ Summit.
At the Asian Power Summit 2025, our Director Harika G. led a session on Asia’s evolving energy mix.
Singapore Business Review featured Karambir Anand on Singapore’s expanding solar capacity and energy challenges.
Publications
Charging Towards Digital Dominance: Challenges for India's Auto Components Sector and How to Overcome Them
India’s auto components sector remains a global manufacturing leader, with the aftermarket poised for strong growth. Fragmented service networks, counterfeit parts, and rising digital expectations are reshaping the segment, making digital platforms and transparency critical to improving service quality and customer trust.
AI in Healthcare: Keeping the Patient at the Center of Innovation
AI is reshaping healthcare by improving efficiency, diagnostics, and personalized care amid rising costs and workforce shortages. Applications span prediction, telemedicine, diagnostics, and robotics across providers, insurers, and pharma. Long-term impact depends on responsible adoption, data quality, and strong governance.
India’s CRDMO Market: Building Momentum through Operational Excellence
India’s CRDMO market is growing rapidly, driven by China+1 strategies, funding access, and policy support. However, scale, cost pressure, and regulatory demands pose challenges. To compete globally, companies will depend on operational excellence, technology adoption, and building scalable, end-to-end capabilities.
Employee Wellness in the Age of Healthtech
Employee wellness is becoming a strategic priority as workforce expectations evolve. Health technology is shifting programs toward personalized, proactive solutions, particularly across Asia. While data, privacy, and ROI challenges remain, organizations that integrate technology with human-centered design can build more resilient workforces.
Meet Our Experts
Establish industry dominance with our experts and partners
Yuki Ishida
Managing Partner
Nationality: Japanese
Region Coverage:
Asia, North America
Past Experience:
Goldman Sachs
Naoki Arai
Managing Partner
Nationality: Japanese
Region Coverage:
Asia
Past Experience:
Japan Research Institute
Pilar Dieter
Managing Partner
Nationality: American
Region Coverage:
Asia, North America
Past Experience:
Alaris Consulting
Manish Chheda
Managing Partner
Nationality: Indian
Region Coverage:
Asia, Europe
Past Experience:
Strategic Decision Group
Abhisek Mukherjee
Partner
Nationality: Indian
Region Coverage:
Asia, Europe, North America
Past Experience:
SDG, Accenture Strategy
Saurabh Mehta
Managing Partner
Nationality: Indian
Region Coverage:
North America, Asia, Middle East
Past Experience:
Ivalua, Avon
Puneet Kaushik
Managing Partner
Nationality: Indian
Region Coverage:
Asia, North America, Europe
Past Experience:
Deutsche, Capco
Laurent Fihey
Partner
Nationality: French
Region Coverage:
Europe, Asia, Middle East, Africa, North America, South America
Past Experience:
Arthur Andersen, Advancy
YCP Group is the leading professional firm in Asia empowering excellence through diverse expertise:
- YCP
- YCP Auctus
- YCP Consus
Talk to Our Medical Device Experts
Arrange a session with our experts to explore how YCP can assist you in addressing your business challenges.
YCP Group is the leading professional firm in Asia empowering excellence through diverse expertise:
- YCP
- YCP Auctus
- YCP Consus
