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Draft National Policy For The Medical Devices

Draft National Policy For The Medical Devices:

Department of Pharmaceuticals has released an Approach Paper for the Draft National Policy for the Medical Devices, 2022 for consultation.

  • The Draft policy aims at addressing the core objectives of accessibility, affordability, safety and quality, focus on self-sustainability, innovation and growth in the Medical devices sector.
  • This Policy envisions that by 2047, India
    • will be having few National Institutes of Medical Devices Education and Research (NIMERs) on the lines of NIPERs;
    • will be home & originator to 25 high-end futuristic technologies in MedTech
    • will have a MedTech Industry of $100-300 Bn size with 10-12% of Global Market Share.
  • The Department of Pharmaceuticals published this approach paper for the Sunrise Sector of Medical Devices, popularly called as MedTech Sector.
  • The Sector is expected to grow in market size from the present 11 billion US dollar to 50 billion US dollar by 2025.