National Medical Devices Policy 2023

• The Union Cabinet approved the National Medical Devices Policy, 2023.
• The policy is expected to facilitate an orderly growth of the medical device sector to meet the public health objectives of access, affordability, quality, and innovation.

About National Medical Devices Policy, 2023

• Vision
  • Accelerated growth path with a patient-centric approach;
  • To emerge as the global leader in the manufacturing and innovation of medical devices by achieving 10-12% share in the expanding global market over the next 25 years;
  • To help the Medical Devices Sector grow from present $11 Bn to $50 Bn by 2030.
• Medical devices sector will be facilitated and guided through a set of strategies that will be cover six broad areas of policy interventions:
• Regulatory Streamlining
  • In order to enhance ease of doing research and business and further to balance patient safety with product innovation measures.
• Enabling Infrastructure
  • The establishment and strengthening of large medical device parks, clusters equipped with world class common infrastructure facilities in proximity to economic zones with requisite logistics connectivity.
• Facilitating R&D and Innovation
  • The policy envisages to promote Research & Development in India and complement the Department’s proposed National Policy on R&D and Innovation in the Pharma- MedTech Sector in India.
  • It also aims at establishing Centres of Excellence in academic and research institutions, innovation hubs, ‘plug and play’ infrastructures and support to start-ups.
• Attracting Investments
  • Along with recent schemes and interventions like Make in India, Ayushman Bharat program, Heal-in-India, Start-up mission, the policy encourages private investments, series of funding from Venture Capitalists, and also Public-Private Partnership(PPP).
• Human Resources Development
  • For skilling, reskilling and upskilling of professionals in the medical device sector
  • the available resources can be leveraged in the Ministry of Skill Development and Entrepreneurship.
  • The policy will support dedicated multidisciplinary courses for medical devices in existing institutions.
  • To develop partnerships with foreign academic/industry organizations to develop medical technologies in order to be at an equal pace with the world market.
• Brand Positioning & Awareness Creation
  • Initiate studies and projects for learning from best global practices of manufacturing and skilling systems so as to explore the feasibility of adapting such successful models in India.
  • Promote more forums to bring together various stakeholders for sharing knowledge and build strong networks across the sector.

Conclusion

• The policy is expected to provide the required support and directions to strengthen the medical devices industry into a competitive, self-reliant, resilient and innovative industry that caters to the healthcare needs of not only India but also of the world.

Prelims take away

• Make in India
• Ayushman Bharat program
• Start-up mission