Industry lauds National Medical Devices Policy 2023 as a significant milestone

The leading associations and companies have welcomed the approval to the policy that outlines critical strategies such as regulatory simplification, infrastructure development, R&D, innovation facilitation and much more

Biovoice News Aarogya Daksh
New Delhi: Union Cabinet, chaired by the Prime Minister Narendra Modi on 26th April, approved the long awaited National Medical Devices Policy, 2023.
Meanwhile the medical device industry has welcomed the move as highly significant for the growth of the industry. 
Pavan Choudary, Chairman, Medical Technology Association of India (MTaI) said, “We are encouraged by the spotlight turned on R&D. Despite having only 1.5% of the global medical device market, India has 8% of the MedTech R&D workforce. This is a fertile & proven area to focus on. In addition to this skilling and upskilling of healthcare workers augers well for patient care and manpower exports. Adjacent to this announcement we have also happily noted that the government is planning to open 157 nursing colleges. This is another well-chosen space as it is estimated that new technologies like AI which may make the desktop healthcare worker (even many doctors) redundant will not impact the nursing staff so adversely. So, this policy has a note of enduring prudence to it.
Choudary added further: “The emphasis on creating a systematic brand positioning & awareness creation program is long-due & laudable. All in all, from what’s available so far in public domain it seems a policy that harnesses both domestic & international currents to optimally forge the path ahead.”
Rajiv Nath, Forum Coordinator of Association of Indian Medical Device Industry (AiMeD) while applauding the government said, “We congratulate the Government wholeheartedly for approving the much-needed, long awaited direction we had sought since the initial draft policy of June 2014 for a National Medical Devices Policy.”
“We are more than hopeful that the policy details will help boost local manufacturing, help traders and importers to start investing in putting up factories and end the 70-80% import dependency forced upon India and the ever-rising import bill which last year shot up by a steep 41% to over Rs. 63000 Cr and make quality healthcare accessible and affordable for common masses worldwide.” Nath further added.
Dr Rajiv Chhibber, Vice President, Sahajanand Medical Technologies and Joint Coordinator Govt Affairs, AiMeD said “The Medical Devices sector welcomes the cabinet approval of the National Medical Device Policy. The policy aims to place the medical devices on an accelerated growth path with a patient-centric approach to meet the evolving healthcare needs of patients. This is also a leap forward to fulfil PM Narendra Modi’s vision to have an affordable, accessible and innovative solutions towards healthcare, making India Atmanirbhar and a Global MedTech hub, achieving the Vision 2047 aimed at Universal Healthcare for All.”
Dr GSK Velu, Chairman, and MD of Trivitron Healthcare commented: “Great news for India’s medical device industry! The Union Cabinet has approved the National Medical Devices Policy 2023, fulfilling PM Narendra Modi’s vision of making India not just Atmanirbhar Bharat but also a leading international supplier of medical devices. This policy will drive accelerated growth, promote innovation, and create new jobs in the sector. With a patient-centric approach, we will ensure medical devices’ quality, safety, and efficacy while making them affordable and accessible to all. Let’s work towards achieving our goal of making India a global leader in medical device manufacturing, with more than 10-12% share over the next 25 years.”
Vivek Kanade, Managing Director, Siemens Healthcare mentioned: “As we aim to emerge as the global manufacturing hub for medical devices, policies like these are a positive push to the MedTech sector in India. Support in research and development, alongside innovation will act as a catalyst to the ever-evolving healthcare infrastructure in the country.  At Siemens Healthineers, our emphasis has always been on pioneering breakthroughs that make healthcare accessible to all and have patient centricity at their core. With new medical devices policies encompassing these value assets under its umbrella, we are optimistic that together, we would be able to create an ecosystem for the holistic growth of overall healthcare industry in India.”
Welcoming the National Medical Devices Policy, 2023, Runam Mehta, CEO, HealthCube said, “We are thrilled to hear about the National Medical Devices Policy, 2023. It is a commendable step towards promoting the medical devices sector in India, intending to capture 10-12% of the expanding global market within the next 25 years. The policy outlines critical strategies such as regulatory simplification, infrastructure development, R&D, innovation facilitation, investment attraction, human resource development, and brand positioning. I believe this will further boost the economy by creating an ecosystem for manufacturing medical devices, promoting innovation, providing support for training and capacity building, and encouraging domestic investments, transforming India into a medical device manufacturing and innovation hub.”
Vaibhav Tewari, Co-founder & CEO, Portea Medical said, “We believe that this policy will provide a comprehensive and coordinated approach to the growth of the medical device sector in India, and help achieve the public health objectives of access, affordability, quality, and innovation. With our focus on delivering quality healthcare services to patients in the comfort of their homes, we are excited about the potential of this policy to drive innovation, enhance regulatory processes, and support the development of a skilled workforce in the medical device sector.”
In his comments, Mudit Dandwate, CEO & Co-Founder of Dozee said, “Focused on reducing the country’s dependency on imports, the medical device policy will help the rapidly growing medical device industry flourish over the next 5 years, from its current size of $11 billion to $50 billion. Further, this policy will support India’s already expanding market by encouraging domestic production and fueling exports, helping the nation realize its dream of ‘Make in India, Make for World’. The integration of technology with healthcare requires holistic policies to be in place to enable the digital adoption of new-age innovative solutions such as remote patient monitoring, e-consultations, and telemedicine among others, and this policy helps foster this spirit of cooperation.”
Nilesh Aggarwal, CEO, IJCP Group and Founder, MedTalks:  “The national medical devices policy is a significant development that aims to enhance the healthcare sector in our country. It seeks to ensure the quality and safety of medical devices, drive innovation, and promote domestic production. By introducing robust regulations, we can provide patients with greater assurance in medical devices and enable better outcomes for healthcare providers. It is encouraging to see the government’s commitment to making medical devices more accessible and affordable. I am confident that this policy will greatly benefit our country in achieving this goal.”