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Industry specific-Medical Central Ministry of Chemicals and Fertilizers Drugs and Cosmetics Act, 1940

Central Government approves the National Medical Devices Policy, 2023

26-Apr-2023 | Press Release

The Central Government has approved the National Medical Devices Policy, 2023 for the purpose of orderly growth of the medical device sector to meet the public health objectives of access, affordability, quality and innovation and to help the industry to grow from present dollar 11 billion to dollar 50 billion by 2030.
Medical devices sector will be facilitated and guided through a set of strategies that will be cover under six broad areas of policy interventions. The following are the strategies to promote medical device sector:
1. Regulatory streamlining
2. Enabling infrastructure
3. Facilitating Resource and Development and innovation
4. Attracting investments in the sector
5. Human resources development
6. Brand positioning and awareness creation
Further the National Medical Devices Policy, 2023 aims to place the medical devices sector on an accelerated path of growth with a patient-centric approach to meet the evolving healthcare needs of patients.

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