The MedTech sector in India, as highlighted by JP Nadda, plays a crucial role in transforming healthcare through diagnostics, advanced devices, digital health, and AI-driven solutions. These innovations not only enhance accessibility and efficiency but also make healthcare more affordable for all citizens. With government support focusing on access, innovation, and infrastructure development, the sector has evolved into a trusted provider of high-quality healthcare services.
JP Nadda emphasized the significance of the APACMed members in India, contributing to advanced manufacturing, research and development of complex technologies, and integration into global supply chains. This aligns closely with Prime Minister Narendra Modi’s vision for Viksit Bharat 2047, reflecting a shared commitment to innovation, inclusivity, and global competitiveness in healthcare.
The thematic pillars of this year’s Forum underscore a collective vision for a healthcare system that prioritizes innovation, inclusivity, and global competitiveness. These pillars set the stage for strategic discussions, new opportunities, and furthering India’s position as a global hub for medical technology.
Smt. Anupriya Patel, Union Minister of State for Health and Family Welfare, highlighted key government initiatives supporting India’s MedTech and medical devices sector, including schemes for component manufacturing, infrastructure development, branding, and market studies. The investor-friendly policies, such as 100% FDI in medical devices and the establishment of export promotion councils, aim to enhance ease of doing business and expand export opportunities in the sector.
Dr. Vinod K Paul from NITI Aayog outlined transformative measures by the government to boost innovation, research and development, affordability, and domestic manufacturing in the medical devices sector. Initiatives like the National Medical Devices Policy, R&D and innovation policies, Medical Devices Parks, PLI Scheme, and the PRIP scheme demonstrate a comprehensive framework for sectoral growth and technological advancement.
APACMed’s mission to elevate standards of care and advocate for regulatory harmonization to improve market access was underscored by John Collings, President of APACMed Asia Pacific. By fostering collaboration among stakeholders and policymakers, APACMed aims to drive innovation and quality in healthcare solutions across the Asia Pacific region.
The two-day Forum organized by APACMed in New Delhi aims to align strategies for shaping India’s MedTech roadmap with the Prime Minister’s Healthcare Vision 2030 and Viksit Bharat 2047. Bringing together policymakers, industry leaders, regulators, and healthcare experts from over 10 countries, the event focuses on advancing healthcare in India under the theme “Swastha Bharat – A Healthier India, Together.”
Established in 2014, APACMed represents over 350 leading medical device companies and collaborates with global regulatory bodies like the WHO and IMDRF. In India, APACMed’s 40+ member organizations actively engage with the government and trade associations to enhance access to innovative and high-quality healthcare solutions, driving progress in the country’s healthcare landscape.
Key Takeaways:
– MedTech innovation in India drives healthcare transformation through accessibility, efficiency, and affordability.
– Government initiatives and policies support the growth of the MedTech sector, fostering innovation and enhancing global competitiveness.
– Collaborative efforts by industry stakeholders, policymakers, and regulators are crucial for advancing healthcare standards and market access.
– APACMed plays a pivotal role in advocating for regulatory harmonization and quality healthcare solutions across the Asia Pacific region.
Tags: regulatory
Read more on medicaldialogues.in