Company lists
The India edition · 2026

Medical device outsourcingcompanies in India

Contract manufacturing, suppliers, design, testing, CRO and more: the companies building medical device outsourcing in India, with their founders, funding, team size and business models.

159 company profiles64 with reported revenue5 with recorded fundingOctober 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent medical device outsourcing business events in India

Funding, M&A, contract wins and launches involving 207 medical device outsourcing companies in India, last 24 months: 4 M&A deals · 4 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Mar 2026.

M&AMerger · Announced

EPL acquires Indovida India Private Limited

EPL Limited and Indovida India Private Limited have today signed definitive agreements for a merger. The combined platform will have a valuation of ~$2 billion, with EPL being valued at…

Rigid PET packaging
M&AAcquisition · Pending

Applied Bioscience acquires PharmacoDynamics Research Inc.

Applied Bioscience International Inc. has acquired PharmacoDynamics Research Inc. for 2.9 million shares of APBI commonstock.

Contract clinical research, analytical chemistry and related services
M&AAcquisition · Completed

Haemonetics acquires Alpha therapeutics

Haemonetics (Braintree, Massachusetts) said it has agreed to purchase Alpha Therapeutics' plasma collection bottle plant assets in Compton, California, for $8.3 million.

Medical Equipment
M&AAcquisition · Announced

Applied Bioscience acquires Pharmaco Dynamics Research Inc.

Applied Bioscience International Inc. has signed of a letter of intent to acquire Pharmaco Dynamics Research Inc.

Contract clinical research
Funding

Laxmi dental

Laxmi Dental ... has raised Rs 314.1 crore from institutional investors before its Rs 698-crore IPO.

FundingSeed

Prantae solutions

Prantae Solutions, a Bhubaneswar-based deep-tech company in diagnostic healthcare, has raised Rs 5 crore in a seed funding round led by the Indian Angel Network (IAN) Group.

Investors Indian Angel Network (IAN) Group
Diagnostic healthcare
FundingAnchor Book

Laxmi dental

Laxmi Dental, a dental products maker, has raised Rs 314.1 crore from institutional investors through its anchor book before its Rs 698-crore IPO.

Investors Institutional investors
Dental Products

Medical device outsourcing companies in India, by revenue

Browse medical device outsourcing companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 64 medical device outsourcing companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Manufacturer and supplier of medical devices

Medical device outsourcing
₹4,992.15 crFY 2024-25
+40%2024–2025
748recorded
20 yr2006
—No postings tracked

Manufacturer of breathable and non-breathable hygiene films for disposable hygiene products. These films are used in baby diapers, adult diapers, sanitary napkins, medical back sheets, and other personal care items. The company also produces TPE monolithic breathable films for protective apparel and medical attire. Services include product development, customization options such as design and printing, and assistance with certification and testing. A vertically integrated process, from compounding to lamination, ensures quality control and timely delivery.

Medical supplies and consumables
₹219.71 crFY 2022-23
Not reported
343-12% 12 mo to Sep 2024recorded Sep 2024
9 yr2017
—No postings tracked

Provider of refurbished medical equipment including MRI and CT scan machines

Medical device distributors
₹184.25 crFY 2024-25
+5%2024–2025
221LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Manufacturer and distributor offering rubber packaging solutions for pharmaceutical and medical devices

Medical device outsourcing
₹138.35 crFY 2024-25
+8%2024–2025
65+12% 12 mo to Sep 2024LinkedIn · Oct 2026
20 yr2006
0none in 3 months

Manufacturer of lab, analytical, life sciences, and process equipments

Medical device outsourcing
₹88.48 crFY 2024-25
+10%2024–2025
79+11% 12 mo to Sep 2024LinkedIn · Jul 2026
28 yr1998
0none in 3 months · last posted Jun 2026

Provider of communication, data, and surveillance solutions

Medical device outsourcing
₹71.48 crFY 2024-25
-4%2024–2025
10LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Healthcare technology management company that provides technical services and support to medical equipment in hospitals and healthcare facilities

Medical device outsourcing
₹66.76 crFY 2024-25
+1%2024–2025
—Not available
23 yr2003
0none in 3 months

Provider of refurbished medical imaging systems and related maintenance services

Medical device outsourcing
₹66.01 crFY 2024-25
-17%2024–2025
55LinkedIn · Jul 2026
14 yr2012
0none in 3 months · last posted Dec 2025

Manufacturer of high-quality HDPE bottles and CRC caps

Medical device outsourcing
₹58.15 crFY 2024-25
+5%2024–2025
50LinkedIn · Jul 2026
44 yr1982
0none in 3 months

Supplier of granite, marble, and other natural stone products

Medical device outsourcing
₹41.79 crFY 2024-25
-32%2024–2025
35LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Developer of embedded systems and software for various industry applications

Medical device outsourcing
₹35.07 crFY 2024-25
+14%2024–2025
—Not available
41 yr1985
0none in 3 months

Company specializing in providing diagnostic imaging equipment

Medical device outsourcing
₹34.15 crFY 2024-25
+5%2024–2025
55-7% 12 mo to Sep 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Manufacturer of minimally invasive gynecological medical devices

Medical device outsourcing
₹33.74 crFY 2024-25
+27%2024–2025
71+16% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Jun 2026

Home - Vision Medinst Care Pvt. Ltd.

Medical device outsourcing
₹32.78 crFY 2024-25
+60%2024–2025
—Not available
7 yr2019
0none in 3 months

Medical equipment manufacturing company that designs and manufactures guidewires, introducer sheaths, and stent delivery systems for the medical industry

Medical device outsourcing
₹31.52 crFY 2024-25
-30%2024–2025
53-17% 12 mo to Feb 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of radiopharmacy equipment installation services

Medical device outsourcing
₹29.89 crFY 2024-25
-12%2024–2025
36LinkedIn · Jul 2026
11 yr2015
1postings · last posted Aug 2026

Provider of medical equipment including surgical tables, surgical lights, and sterilizers

Medical device outsourcing
₹25.53 crFY 2021-22
Not reported
107+6% 12 mo to Aug 2024recorded Aug 2024
65 yr1961
—No postings tracked

Provider of Korean-language media and community services

Medical device outsourcing
₹27.47 crFY 2024-25
+72%2024–2025
19-25% 12 mo to Feb 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of medical disposables, specializing in intravenous cannulae and OEM services

Medical device outsourcing
₹22.75 crFY 2024-25
-3%2024–2025
8LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Glowtronics – Since 1986

Medical device outsourcing
₹19.90 crFY 2021-22
Not reported
56+10% 12 mo to Mar 2024LinkedIn · Jul 2026
—
—No postings tracked

Herbal Group of companies – Nutra & Ayush Products Private Labelling Manufacturing Company

Medical device outsourcing
₹19.54 crFY 2021-22
Not reported
—Not available
—
—No postings tracked

Provider of medical devices engineering and design services

Medical device outsourcing
₹19.95 crFY 2024-25
+27%2024–2025
9+67% 12 mo to Dec 2023LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of laboratory equipment and cleanroom solutions

Medical device outsourcing
₹17.54 crFY 2024-25
+15%2024–2025
34-8% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Provider of gamma Irradiation facility services

Medical device outsourcing
₹15.65 crFY 2024-25
+27%2024–2025
8LinkedIn · Jul 2026
21 yr2005
0none in 3 months

PSR Diagnostics Pvt. Ltd. – Trusted Supplier of IVD Devices

Medical device outsourcing
₹13.63 crFY 2021-22
Not reported
16+60% 12 mo to Mar 2024recorded Mar 2024
—
—No postings tracked
50 of 159 companies shown here · the full list is on Radar
Fliar Radar

Explore all 159 medical device outsourcing companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open medical device outsourcing in India on Radar
  • Every company, not just 50All 159 medical device outsourcing companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore medical device outsourcing companies in India by what you are looking for

Find medical device outsourcing companies in India, from medical device contract manufacturing to product design and testing. Compare medical device suppliers and medical outsourcing in India by service type.

7 ways to explore medical device outsourcing in India

Medical device contract manufacturersMedical device suppliers & distributorsMedical device design & development servicesMedical device testing, regulatory & certificationClinical research & biopharma outsourcing companiesMedical device outsourcing startups in India

Medical device contract manufacturers

Companies that manufacture medical devices and components for other brands.

  1. Vikram Hygiene

    Manufacturer of breathable and non-breathable hygiene films for disposable hygiene products. These films are used in baby diapers, adult diapers, sanitary napkins, medical back sheets, and other personal care items. The company also produces TPE monolithic breathable films for protective apparel and medical attire. Services include product development, customization options such as design and printing, and assistance with certification and testing. A vertically integrated process, from compounding to lamination, ensures quality control and timely delivery.

    Medical supplies and consumables
    See in list
  2. Efocusinstruments

    Supplier of granite, marble, and other natural stone products

    Medical device outsourcing
    See in list
  3. Veol Medical Technologies

    Manufacturer of minimally invasive gynecological medical devices

    Medical device outsourcing
    See in list
  4. SDS Life Sciences

    Provider of radiopharmacy equipment installation services

    Medical device outsourcing
    See in list
  5. Pioneer Plastic

    Home - Pioneer Plastics

    Medical device outsourcing
    See in list

Medical device suppliers & distributors

Suppliers and distributors of medical devices, equipment and consumables.

  1. Phantom Healthcare

    Provider of refurbished medical equipment including MRI and CT scan machines

    Medical device distributors
    See in list
  2. Sanrad

    Company specializing in providing diagnostic imaging equipment

    Medical device outsourcing
    See in list
  3. Biolinx

    Manufacturer of laboratory equipment and cleanroom solutions

    Medical device outsourcing
    See in list
  4. Vikram Hygiene

    Manufacturer of breathable and non-breathable hygiene films for disposable hygiene products. These films are used in baby diapers, adult diapers, sanitary napkins, medical back sheets, and other personal care items. The company also produces TPE monolithic breathable films for protective apparel and medical attire. Services include product development, customization options such as design and printing, and assistance with certification and testing. A vertically integrated process, from compounding to lamination, ensures quality control and timely delivery.

    Medical supplies and consumables
    See in list
  5. FAB Pharmaceuticals

    Manufacturer and distributor of medical devices and equipment

    Medical device outsourcing
    See in list

Medical device design & development services

Product design, engineering and 3D printing support for medical devices.

  1. Lumisoft Technologies

    Provider of 3D printing services to multiple industries

    3d printing and 3d scanning services
    Website
  2. CurioEdge

    Provider of product innovation, industrial design, and design engineering services

    Engineering consulting
    Website
  3. Vinvish Technologies

    Medical devices provider

    Photonics services
    See in list
  4. iOrbit

    Provider of an AI-based IoT remote patient monitoring device and software for providers

    Medical device outsourcing
    See in list
  5. Emsensing Technologies

    Provider of optoelectrical sensors designing, manufacturing & development services

    Medical device outsourcing
    Website

Medical device testing, regulatory & certification

Testing, calibration, certification and regulatory support for devices.

  1. Zenith Worldwide

    Provider of management system and product certifications, and training

    Medical device outsourcing
    See in list
  2. Applied Bioscience

    Provider of molecular biology, immunochemistry, and diagnostic products and services

    Diversified diagnostics
    Website
  3. Technoculture

    Developer of electrochemical sensing for blood tests

    Medical research labs
    Website
  4. Clinicareindia

    Provider of healthcare services focused on disease prevention and health management

    Medical device outsourcing
    Website
  5. Vibronicslab

    Provider of mechanical testing for orthopedic implants and surgical instruments

    Medical device outsourcing
    Website

Clinical research & biopharma outsourcing companies

Contract research and development organisations supporting pharma and device trials.

  1. Towa Optics

    Towaoptics.com

    Medical device outsourcing
    Website
  2. Glowtronics

    Glowtronics – Since 1986

    Medical device outsourcing
    See in list
  3. Sterico

    Provider of gamma Irradiation facility services

    Medical device outsourcing
    See in list
  4. Croissance Clinical Research

    Provider of full-service clinical research organization (CRO) support

    Medical device outsourcing
    See in list
  5. Vanta Bioscience

    Provider of GLP-certified preclinical contract research services

    Biopharma outsourcing
    See in list

Medical device outsourcing startups in India

Recently founded medical device outsourcing companies in India.

  1. Genenest Biotech

    Provider of contract manufacturing and regulatory solutions for biotech products

    Medical device outsourcing
    See in list
  2. IF MedTech

    Manufacturer of medical devices

    Medical device outsourcing
    See in list
  3. Lifebound

    Developer of drug delivery devices and healthcare wearables

    Medical device outsourcing
    Website
  4. Cute Brains

    Provider of sales and services for AACDD tools & applications

    Medical device outsourcing
    Website
  5. Sarbit Innovations

    Company specializing in the development of advanced products and services

    Medical device outsourcing
    Website
25 companies in India

Medical device outsourcing companies hiring in India

Medical device outsourcing companies with open roles right now.

  1. Trident Equipments

    Manufacturer of lab, analytical, life sciences, and process equipments

    Medical device outsourcing
    See in list
  2. Sunrays Medical

    Provider of refurbished medical imaging systems and related maintenance services

    Medical device outsourcing
    See in list
  3. Veol Medical Technologies

    Manufacturer of minimally invasive gynecological medical devices

    Medical device outsourcing
    See in list
  4. SDS Life Sciences

    Provider of radiopharmacy equipment installation services

    Medical device outsourcing
    See in list
  5. Zenith Worldwide

    Provider of management system and product certifications, and training

    Medical device outsourcing
    See in list
11 companies in India
The business behind the activity

Medical device outsourcing financials in India

Revenue, profit and growth from the filed annual accounts of 60 medical device outsourcing companies in India for FY24-25 — 69 of the 159 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 57% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,830.83 cr

60 companies filing accounts

combined net profit₹132.88 cr

7.3% aggregate margin

are profitable77%

46 of 60 companies

median revenue~₹9.5 cr

the typical company

median revenue growth+7%

into FY24-25

earned by the top five57%

revenue concentration

Six-year view

Combined revenue of filing companies

₹781.19 crFY19-2054 filers
₹810.35 crFY20-2159 filers
₹1,109.50 crFY21-2259 filers
₹1,372.92 crFY22-2359 filers
₹1,736.70 crFY23-2460 filers
₹1,830.83 crFY24-2560 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 51 companies over three years

+36%
FY22-23₹1,320.29 cr₹95.74 cr net
FY23-24₹1,710.30 cr₹114.39 cr net
FY24-25₹1,798.73 cr₹130.37 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1429% profitable
₹1–10 cr1675% profitable
₹10–100 cr27100% profitable
₹100–1,000 cr3100% profitable
Over ₹1,000 cr0—

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking18
0–20%18
20–50%7
50–100%5
Doubled+7

55 companies with accounts for both years; median growth +7%.

Profitability

Profit is concentrated at the top

46profitable
14loss-making
7.3%aggregate margin
2.8%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Sigma MeditechSIGMA MEDITECH SERVICES PRIVATE LIMITED
ArenamedicalARENA MEDICAL CARE PRIVATE LIMITED+72%₹27.47 cr
Vision MedinstVISION MEDINST CARE PRIVATE LIMITED+60%₹32.78 cr
centechCENTECH ENGINEERS PRIVATE LIMITED+27%₹19.95 cr
Veol Medical TechnologiesVEOL MEDICAL TECHNOLOGIES PRIVATE LIMITED+27%₹33.74 cr
Micro Life SciencesMICRO LIFE SCIENCES PRIVATE LIMITED+23%₹566.14 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
GlowtronicsGLOWTRONICS PRIVATE LIMITED21.6%₹28.54 cr
StericoAV PROCESSORS PRIVATE LIMITED21.0%₹12.32 cr
Zenith WorldwideZENITH QUALITY ASSESSORS PRIVATE LIMITED
Micro Life SciencesMICRO LIFE SCIENCES PRIVATE LIMITED12.6%₹566.14 cr
Trident EquipmentsTRIDENT EQUIPMENTS PRIVATE LIMITED9.5%₹88.48 cr
PSIPALAKKAD SURGICAL INDUSTRIES PRIVATE LIMITED9.4%₹35.78 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Medical device outsourcing55₹1,635.19 cr~₹11.1 cr78%7.7%
Leaders

Largest medical device outsourcing companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Micro Life SciencesMICRO LIFE SCIENCES PRIVATE LIMITED₹566.14 cr₹71.24 cr12.6%+23%
Phantom HealthcarePHANTOM HEALTHCARE IND PRIVATE LIMITED₹184.25 cr₹6.98 cr3.8%+5%
Sagar RubberSAGAR RUBBER PRODUCTS PRIVATE LIMITED₹138.35 cr₹9.62 cr7.0%+8%
Trident EquipmentsTRIDENT EQUIPMENTS PRIVATE LIMITED₹88.48 cr₹8.38 cr9.5%+10%
NibsoNIBSO METALS PVT LTD₹71.48 cr₹72.56 lakh1.0%-4%
MedicitiMEDICITI HEALTH CARE SERVICES PRIVATE LIMITED₹66.76 cr₹2.17 cr3.2%+1%
Sunrays MedicalSUNRAYS IMAGE TECHNOLOGY PRIVATE LIMITED₹66.01 cr₹3.31 cr5.0%-17%
PAPCONPAPCON (INDORE) PVT LTD₹58.15 cr₹27.15 lakh0.5%+5%
EfocusinstrumentsE FOCUS INSTRUMENTS INDIA PRIVATE LIMITED₹41.79 cr₹3.28 cr7.8%-32%
PSIPALAKKAD SURGICAL INDUSTRIES PRIVATE LIMITED₹35.78 cr₹3.35 cr9.4%+7%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full medical device outsourcing landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the medical device outsourcing landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Medical device outsourcing funding and M&A across India

7 recorded equity rounds have gone to 207 medical device outsourcing companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1

US$4.00m

equity rounds, last 24 months2

US$4.58m

raised over five yearsUS$215.23m

5 rounds in India

M&A deals, India4

last 24 months

Capital by year

Equity funding into medical device outsourcing in India

amount rounds
$210m20222
$636k20241
$4.6m20252

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$210.01m across 2 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$636k1 rounds · median US$636k
SeedUS$4.59m3 rounds · median US$577k
Private equityUS$210.00m1 rounds · median US$210.00m
Where the money went · five years

Most-funded sub-sectors

Medical device outsourcingUS$215.23m5 rounds · 5 companies
Corporate activity · last 24 months

M&A in India

3Acquisition
1Merger

Most active acquirers

  1. Applied Bioscience2
  2. EPL1
  3. Haemonetics1

Most acquired or merged

  1. Indovida India Private Limited1
  2. PharmacoDynamics Research Inc.1
  3. Alpha therapeutics1
  4. Pharmaco Dynamics Research Inc.1

Each deal appears in the events strip at the top of the page.

Medical device outsourcing funding in India

5 medical device outsourcing companies in India have recorded equity funding, US$215.23m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind medical device outsourcing companies in India. 63 of 159 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India medical device outsourcing companies by sub-sector

The most common specialisations among medical device outsourcing companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring medical device outsourcing in India and nearby markets.

Coming soon