How many total Traditional Medical Devices companies are there in India?

As of August 2026, India has 802 active Traditional Medical Devices companies.

What is the total funding raised by Traditional Medical Devices companies in India?

Traditional Medical Devices companies in India have collectively raised $148M in funding till date.

Which is the highest funded Traditional Medical Devices company in India?

As of August 2026, George Philips has raised $1.4M in funding, highest among the funded Traditional Medical Devices companies in India.

List of 870 Traditional Medical Devices Startups in India & Market Trends (Aug 2026)

Q: How many Traditional Medical Devices companies in India are funded?

As of August 2026, 43 companies have received funding in this sector.

Q: Who are the top investors in Traditional Medical Devices companies in India?

The top investors in Traditional Medical Devices companies in India by number of investments are BIRAC and C-CAMP.

1. Healthium Medtech

Manufacturer of sutures, bath wipes, anti-microbial gloves, and other medical surgical consumables. Its other product includes surgical needles, staplers & gloves, ligating clips, hemostats, meshes, IV cannula fixation, bandages, and arthroscopy equipment.

Key facts about Healthium Medtech

Founded Year: 1992
Location: Bengaluru (India)
Stage: Acquired
Total Funding till date: $102M
Investors: TPG, Evolvence Equity Partners and 54 Others
Latest Funding Round: Unattributed, Mar 30, 2017, $*****
Tracxn Score: 66/100 What is this?

2. Savlon

Key facts about Savlon

Founded Year: 2005
Location: Kolkata (India)
Stage: Acquired
Tracxn Score: 52/100 What is this?
Competitors Rank: 1 of 14 Competitors

View full list of companies in this sector

3. Sovereign Pharma

Key facts about Sovereign Pharma

Founded Year: 2004
Location: Daman (India)
Stage: Unfunded
Tracxn Score: 48/100 What is this?

4. Uniclan

Manufacturer of hygiene products. It specializes in hygiene products, particularly in the feminine care and baby care sectors. It's products range includes baby diapers, wet wipes, and feminine hygiene pads.

Key facts about Uniclan

Founded Year: 2015
Location: Mumbai (India)
Stage: Acquired
Total Funding till date: $3.44M
Investors: DOMS and H S Mehta Infra
Latest Funding Round: Series A, Sep 16, 2024, $*****
Tracxn Score: 46/100 What is this?
Competitors Rank: 8 of 247 Competitors

5. AMTZ

Manufacturer of medical devices and provider of specialized laboratory and testing facilities. This organization operates a technology park that offers common manufacturing and scientific infrastructure for the development and production of life saving equipment. It provides access to specialized laboratories, warehousing, and testing centers for electromagnetic compatibility, biomaterial analysis, and advanced manufacturing processes. The facility supports research and development activities for medical technology through industrial service centers and technical support.

Key facts about AMTZ

Founded Year: 2016
Location: Visakhapatnam (India)
Stage: Funding Raised
Investors: BIRAC
Tracxn Score: 46/100 What is this?

Access the full list of 870 Traditional Medical Devices Startups in India

Companies founded year-on-year in the Traditional Medical Devices sector in India

3 new startups have been founded so far in 2026 in the Traditional Medical Devices sector in India. 27 Traditional Medical Devices startups in India were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2026	3
2025	2
2024	9
2023	12
2022	14
2021	21
2020	27
2019	22
2018	20
2017	17

Stage-wise distribution of Traditional Medical Devices sector companies in India

Out of the total 870 Traditional Medical Devices companies in India, 43 have secured funding. Among them, 18 have reached Series A or higher, and 16 to Series B or beyond.

Founded - 870

Funded - 43

Series A+ - 18

Series B+ - 16

Series C+ - 16

Company Stage	No. of companies
Founded	870
Funded	43
Series A+	18
Series B+	16
Series C+	16

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Total funding year-on-year in the Traditional Medical Devices sector in India

The Traditional Medical Devices sector in India saw a total funding of more than $101M in the last 10 years. The most amount of funding was in 2017 at more than $69.5M.

Total Funding

Year	Total Funding
2024	$3.44M
2022	$24.2K
2021	$209K
2020	-
2019	$56.3K
2018	-
2017	$69.5M

Recent Funding Rounds in Traditional Medical Devices in India

In the year 2024, till September 2024, Traditional Medical Devices companies in India have raised $3.44M in equity funding across 1 round.

Here are some recent, important funding rounds in Traditional Medical Devices companies in India:

Company	Round Raised	Amount Raised	Funding Date	Investors
Uniclan	Series A	7790	Sep 16, 2024	DOMS
Flexmo	Seed	3688	Oct 22, 2022	SucSEED Indovation
Flexmo	Seed	3179	Dec 30, 2021	SucSEED Indovation and 9 more
Flexmo	Seed	1091	Nov 30, 2021	IIMA Ventures and 1 more
Sushrut Designs	Angel	3483	May 21, 2020	-

See a more detailed list of funding rounds

BIRAC is the top investor in Traditional Medical Devices companies in India based on number of companies invested.

Here are some top investors in Traditional Medical Devices companies in India:

Investor	Location	Top Portfolio Companies
BIRAC	Delhi (India)	AMTZ, Aarna Biomed, Flexmo and Ardor Biomed
C-CAMP	Bengaluru (India)	Flexmo, Ardor Biomed, Medevice and Fititout Solutions
General Catalyst	Cambridge (United States)	-
TPG	Fort Worth (United States)	Healthium Medtech
SucSEED Indovation	Hyderabad (India)	Flexmo

See a more detailed list of investors

In the year 2024, till September 2024, 2 acquisitions happened in Traditional Medical Devices sector in India.

Here are some recent, important acquisitions in Traditional Medical Devices sector in India:

Company	Acquisition Type	Acquisition Date	Acquirers
Uniclan	Business Acquisition	Sep 23, 2024	DOMS
Healthium Medtech	Business Acquisition	May 06, 2024	KKR
Healthway India	Business Acquisition	Dec 07, 2022	iblhealthcare.com
Inor Orthopaedics	Business Acquisition	Feb 08, 2021	Sunways
Inor Medical Products	Business Acquisition	Feb 08, 2021	Sunways

See a more detailed list of acquisitions

Acquisition trends in Traditional Medical Devices sector in India

Here are the acquisition trends in Traditional Medical Devices sector in India:

Total Number of Acquisitions

Year	No. of companies
2026	-
2025	-
2024	2
2023	-
2022	1
2021	2
2020	-
2019	-
2018	1
2017	1

In the year 2024, till March 2024, 1 IPO happened in Traditional Medical Devices sector in India.

Here are some recent, important IPOs in Traditional Medical Devices sector in India:

Company	IPO Date	Exchange Symbol
Royal Sense	Mar 19, 2024	Bombay Stock Exchange (BSE)
Adeshwar Meditex	Jun 28, 2021	Bombay Stock Exchange (BSE)
Mohini Health & Hygiene	Feb 16, 2018	National Stock Exchange (NSE)
GKB Ophthalmics	Jul 07, 2010	Bombay Stock Exchange (BSE)
Centenial Surgical Suture	Dec 18, 2007	Bombay Stock Exchange (BSE)

See a more detailed list of IPOs

Companies founded by alumni from top colleges in the Traditional Medical Devices in India

Most number of Traditional Medical Devices startups in India have been founded by alumni from IIT Bombay, IIT Kanpur and INSEAD.

College	No. of companies
IIT Bombay	2
IIT Kanpur	2
INSEAD	2
Columbia University	1
IIT Delhi	1
IIT Guwahati	1
IIT Madras	1
Tsinghua University	1

Total funding in Traditional Medical Devices companies founded by alumni from top colleges in India

In the last 10 years, IIT Delhi graduates' Traditional Medical Devices companies in India have raised the most funding among top colleges. IIT Bombay alumni are second.