Market Forecast By Types (Orthopedic Devices, Cardiovascular Devices, Diagnostic Devices, IVD, MIS, Wound Management, Diabetes Care, Others), By Applications (Hospitals & Ambulatory Surgical Centers, Clinics, Others) And Competitive Landscape
Product Code: ETC036477 | Publication Date: Jun 2024 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Pakistan Medical Devices market |
Forecast period | 2025-2031 |
Market Size | USD 1.4 Billion – USD 2.5 Billion |
CAGR | 7.9% |
Growing Sector | Healthcare |
The Pakistan Medical Devices market report thoroughly covers the market by type and by application. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
In 2025, the Pakistan Medical Devices market is valued at approximately $ 1.4 billion, with a projected compound annual growth rate (CAGR) of 7.9% over the next five years. Additionally, by 2031, the market is expected to reach around $ 2.5 billion. The healthcare sector holds significant position in the overall market.
The Pakistan medical devices market is experiencing growth, driven by factors such as increasing healthcare expenditure, a growing aging population, rising prevalence of chronic diseases, and advancements in medical technology. The market encompasses a wide range of products, including diagnostic imaging devices, surgical instruments, and dental devices, as well as durable medical equipment like patient monitoring systems and mobility aids. Additionally, the government's efforts to improve healthcare infrastructure and attract foreign investment are contributing to market expansion. However, challenges such as regulatory hurdles, limited access to advanced healthcare in rural areas, and affordability concerns continue to impact market dynamics. Despite these obstacles, the market holds strong potential due to an increasing focus on healthcare modernization and demand for advanced medical technologies.
According to 6Wresearch, Pakistan Medical Devices market size is projected to grow at a CAGR of 7.9% during 2025-2031. The growth of Pakistan's medical devices market is primarily driven by increasing healthcare awareness, rising healthcare expenditures, and an aging population, which is contributing to higher incidences of chronic diseases like diabetes, cardiovascular conditions, and cancer. Additionally, the government's focus on improving healthcare infrastructure, coupled with investments in modern medical technologies, is fueling market expansion. The demand for diagnostic imaging, patient monitoring, and surgical equipment is rising due to advancements in healthcare services. Moreover, the growing middle class is seeking better access to healthcare and quality medical devices.
However, the Pakistan Medical Devices industry faces challenges such as regulatory complexities, which can delay the introduction of new devices. Affordability remains a major concern, especially in rural areas, limiting access to advanced medical technologies. The lack of skilled medical professionals in certain regions and inconsistent healthcare policies further hamper the widespread adoption of medical devices. These factors create a fragmented market, where access to high-quality medical equipment is uneven across different socio-economic groups.
Growing demand for diagnostic imaging devices: Increased focus on early disease detection and advanced imaging technologies.
Shift towards minimally invasive procedures: Rising preference for surgical instruments and devices that enable less invasive surgeries with faster recovery times.
Technological advancements: Adoption of cutting-edge technologies like artificial intelligence (AI) and robotics in medical devices for improved patient care.
Expansion of home healthcare: Increased demand for home monitoring devices due to a growing aging population and chronic disease management.
Rising adoption of telemedicine and remote monitoring: Growth of connected medical devices and wearables for continuous health monitoring.
Diagnostic Imaging Equipment: High demand for advanced imaging technologies like MRI, CT scanners, and X-ray machines in both urban and rural healthcare settings.
Patient Monitoring Systems: Opportunities in the development and deployment of connected monitoring devices for chronic disease management and elderly care.
Surgical Instruments and Robotics: Investment potential in minimally invasive surgical tools and robotic-assisted surgery devices.
Home Healthcare Devices: Growing demand for home-based healthcare solutions, such as blood pressure monitors, glucose meters, and telemedicine platforms.
Wearable Health Technology: Expanding market for wearable devices, including fitness trackers, ECG monitors, and wearable sensors for chronic conditions.
Orthopedic and Dental Devices: Rising demand for orthopedic implants, prosthetics, and dental devices, particularly as the population ages.
Key companies operating in the Pakistan medical devices market include multinational giants such as Philips Healthcare, GE Healthcare, and Siemens Healthineers, which are prominent players offering a wide range of diagnostic imaging, patient monitoring, and therapeutic devices. Locally, companies like Pakistan Medical Supplies and MediCare Pakistan are also significant contributors, providing essential medical equipment and devices across the country.
Additionally, Surgicon and Medtronic Pakistan are notable for their surgical instruments, orthopedic devices, and healthcare solutions. Additionally, some of these players hold majority of the Pakistan Medical Devices market share. Moreover, these companies play a critical role in meeting the growing demand for healthcare infrastructure in both urban and rural areas, with international firms typically focusing on high-end technologies while local players emphasize affordability and distribution networks to cater to the broader population.
In Pakistan, medical devices are regulated by the Drug Regulatory Authority of Pakistan (DRAP), which oversees the approval, registration, and monitoring of medical devices to ensure their safety, efficacy, and quality. The regulatory framework requires manufacturers and importers to register their medical devices with DRAP before they can be marketed in the country. Additionally, DRAP enforces compliance with international standards, such as those set by the World Health Organization (WHO) and the International Organization for Standardization (ISO). The government has also introduced measures to enhance local manufacturing of medical devices, providing incentives to promote self-reliance and reduce dependency on imports.
However, the regulatory process can be complex and time-consuming, with frequent changes in policies and standards, which poses challenges for manufacturers and distributors. Further, these initiatives have further boosted the Pakistan Medical Devices market revenues. Furthermore, while the government is working on improving the regulatory environment, there is a need for more streamlined processes to facilitate quicker market entry for new medical technologies.
The future of Pakistan's medical devices market looks promising, driven by advancements in technology, an aging population, and an increasing demand for healthcare services. As the government continues to invest in healthcare infrastructure and introduces supportive policies for the medical device industry, there is significant potential for growth in both domestic manufacturing and the import of advanced technologies.
The rise in chronic diseases, the shift towards personalized and home healthcare, and the expansion of telemedicine will further drive the demand for diagnostic, monitoring, and therapeutic devices. Moreover, innovations such as AI-integrated medical devices, wearable health technologies, and robotic-assisted surgery are expected to reshape the landscape, offering new avenues for investment.
According to Ravi Bhandari, Research Head, 6Wresearch, the diagnostic devices category in Pakistan's medical market is experiencing robust growth, driven by increasing healthcare awareness, rising prevalence of chronic diseases, and advancements in diagnostic technologies. The demand for diagnostic imaging devices such as MRI, CT scanners, ultrasound, and X-ray machines is expanding due to a greater focus on early disease detection and improved healthcare infrastructure.
Additionally, there is growing adoption of point-of-care diagnostic tools, including glucose meters, pregnancy test kits, and cholesterol monitors, as individuals seek more accessible and cost-effective health monitoring options. The government's push for healthcare modernization, coupled with the rising number of private healthcare centers, is further fueling this growth.
The hospitals and ambulatory surgical centers (ASCs) application segment in Pakistan's medical devices market is witnessing significant growth, driven by the expansion of healthcare facilities and increasing demand for advanced medical technologies. As the healthcare infrastructure improves, hospitals are adopting cutting-edge surgical instruments, diagnostic tools, and patient monitoring systems to enhance patient care and surgical outcomes.
Additionally, the rise in minimally invasive surgeries and the growing preference for outpatient procedures in ASCs are boosting the demand for specialized surgical devices and diagnostic equipment. The government’s efforts to improve healthcare access and the increasing investment in private healthcare facilities are contributing to this trend.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Pakistan Medical Devices Market Overview |
3.1 Pakistan Country Macro Economic Indicators |
3.2 Pakistan Medical Devices Market Revenues & Volume, 2021 & 2031F |
3.3 Pakistan Medical Devices Market - Industry Life Cycle |
3.4 Pakistan Medical Devices Market - Porter's Five Forces |
3.5 Pakistan Medical Devices Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Pakistan Medical Devices Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Pakistan Medical Devices Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Pakistan Medical Devices Market Trends |
6 Pakistan Medical Devices Market, By Types |
6.1 Pakistan Medical Devices Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Pakistan Medical Devices Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Pakistan Medical Devices Market Revenues & Volume, By Orthopedic Devices, 2021 - 2031F |
6.1.4 Pakistan Medical Devices Market Revenues & Volume, By Cardiovascular Devices, 2021 - 2031F |
6.1.5 Pakistan Medical Devices Market Revenues & Volume, By Diagnostic Devices, 2021 - 2031F |
6.1.6 Pakistan Medical Devices Market Revenues & Volume, By IVD, 2021 - 2031F |
6.1.7 Pakistan Medical Devices Market Revenues & Volume, By MIS, 2021 - 2031F |
6.1.8 Pakistan Medical Devices Market Revenues & Volume, By Wound Management, 2021 - 2031F |
6.1.9 Pakistan Medical Devices Market Revenues & Volume, By Others, 2021 - 2031F |
6.1.10 Pakistan Medical Devices Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Pakistan Medical Devices Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Pakistan Medical Devices Market Revenues & Volume, By Hospitals & Ambulatory Surgical Centers, 2021 - 2031F |
6.2.3 Pakistan Medical Devices Market Revenues & Volume, By Clinics, 2021 - 2031F |
6.2.4 Pakistan Medical Devices Market Revenues & Volume, By Others, 2021 - 2031F |
7 Pakistan Medical Devices Market Import-Export Trade Statistics |
7.1 Pakistan Medical Devices Market Export to Major Countries |
7.2 Pakistan Medical Devices Market Imports from Major Countries |
8 Pakistan Medical Devices Market Key Performance Indicators |
9 Pakistan Medical Devices Market - Opportunity Assessment |
9.1 Pakistan Medical Devices Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Pakistan Medical Devices Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Pakistan Medical Devices Market - Competitive Landscape |
10.1 Pakistan Medical Devices Market Revenue Share, By Companies, 2024 |
10.2 Pakistan Medical Devices Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |