The Union Cabinet, chaired by the Hon'ble Prime Minister Shri Narendra Modi.
India's medical device sector, valued at $11 billion (₹ 90,000 Cr) in 2020 with a 1.5% global market share, is poised for significant growth. With immense potential for self-reliance, it stands to bolster universal healthcare goals..
With the PLI Scheme for medical devices and the establishment of 4 Medical Devices Parks across key states, including Himachal Pradesh, Madhya Pradesh, Tamil Nadu, and Uttar Pradesh, we're witnessing a surge in domestic manufacturing. So far, 26 projects with a committed investment of Rs.1206 Cr have been approved, propelling the production of high-end medical devices like Linear Accelerators, MRI Scan, CT-Scan, Mammogram, C-Arm, MRI Coils, high end X-ray tubes, etc.
"Streamlining regulations: Introducing a Single Window Clearance System for Licensing of Medical Devices, integrating stakeholder departments like AERB, MeitY, and DAHD. Strengthening Indian Standards via BIS and implementing coherent pricing regulation to balance patient safety with innovation, fostering ease of research and business. Comment below to share your views #medicaldevices #PLIscheme #medicaldevicespolicy #narendramodi