9 years of Modi govt: Indian medical devices sector is on growth track and has enormous potential to become self-reliant

As the Narendra Modi Government completes nine years in office, Akashvani News is bringing a series of special stories on the initiatives taken by the government. Today, we take a look at National Medical Devices Policy.<br />”<br />”The medical devices sector in India is an essential and integral constituent of the Indian healthcare sector. The Indian medical devices sector’s contribution has become even more prominent as India supported the domestic and global battle against COVID-19 pandemic through the large scale production of medical devices and diagnostic kits, such as Ventilators, Rapid Antigen Test kits, Real-Rime Reverse Transcription Polymerase Chain Reaction (RT-PCR) kits, Infrared Thermometers, Personal Protective Equipment PPE Kits and N-95 masks. The National Medical Devices Policy facilitates an orderly growth of the medical device sector to meet the public health objectives of access, affordability, quality and innovation. The medical devices sector in India is a sunrise sector which is growing at a fast pace. The market size of the medical devices sector in India is estimated to be 11 billion dollars and its share in the global medical device market is estimated to be 1.5 per cent.<br />”<br />”Addressing an event Prime Minister Narendra Modi had asked Startups for research and innovation in medical device sector.<br />”<br />”The Indian medical devices sector is on a growth track and has an enormous potential to become self-reliant and to contribute towards the goal of universal health care. Government has already initiated implementation of PLI Scheme for medical devices and support for setting up of four Medical devices Parks in Himachal Pradesh, Madhya Pradesh, Tamil Nadu and Uttar Pradesh. Under the PLI scheme for Medical Devices, till now, a total of 26 projects have been approved, with a committed investment of over 1200 crore rupees and out of this, so far, an investment of 714 crore rupees has been achieved.<br />

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