India Taking Holistic Approach To Transform Health Landscape In India By 2047: Mandaviya
The medical devices sector is an essential and integral constituent of India’s healthcare sector. Pursuing the vision of Viksit Bharat, India is taking a holistic to transform the health landscape by 2047, said Union Health Minister Mansukh Mandaviya on Monday.
Noting that India’s medtech sector is highly import dependent, measuring upto 80 per cent, the minister emphasised that “to ensure that medical devices are supplied within the country, this sector has seen phenomenal progress with the implementation of production linked incentive schemes and investments for medical drug parks, medtech research policy and medtech research incentive scheme.
He further added, “This collaborative initiative will facilitate indigenous development of affordable, quality Medtech devices and diagnostics leading to considerable reduction in the import dependence of this sector.”
Underscoring the growth and potential of this sector, Mandaviya stated, “I am confident India will grow to become a USD 50 billion industry by 2030.”
Highlighting the fast pace of growth in technology, he added that due to the developments taking place in sectors like robotics, artificial intelligence, big data, virtual reality, nanotechnology, the medical device sector is changing rapidly today.
Lauding the initiative and efforts of the innovators and youth, Mandaviya stated “There is immense power among the innovators, researchers and start-up youth in the country who know how to do research and logic development. If one gets help at the approval stage itself, then wonders can be achieved which will take India miles ahead in becoming Atmanirbhar and achieving the vision of Viksit Bharat."
