“The Union Budget 2026–27 provides tangible support for India’s MedTech manufacturing sector. The plan to add 1 lakh allied health professionals over the next five years across disciplines such as radiology, anesthesiology, OT technology, and applied psychology will directly increase demand for medical devices and equipment. While certain previously announced initiatives, such as new oncology centers, are yet to materialize, the establishment of 5 Medical Value Tourism hubs in partnership with the private sector, functioning as integrated centres for diagnostics, post-care, and rehabilitations further expands the market for high-quality indigenous MedTech solutions.

Combined with the broader ₹12.2 trillion capital expenditure for healthcare infrastructure and connectivity, and GST rationalisation measures that could reduce operational costs by 5–6 percent, these initiatives provide concrete support to companies like BPL, enabling scalable manufacturing, enhanced domestic adoption, and cost-effective delivery of advanced healthcare technologies.”