Scheme to Strengthen Medical Device Industry

On 8th November 2024, Union Minister announced the launch of a Rs 500 crore scheme to enhance India's medical device industry, supporting infrastructure, skill development, and clinical studies.

Key Points

Comprehensive Support for Medical Device Industry: This new scheme covers manufacturing, key components, skill development, clinical support, common infrastructure, and industry promotion to support the expansion of India’s medical device sector.
“Gamechanger” for Self-Reliance in Healthcare: Calling the scheme a “gamechanger,” minister emphasized its role in strengthening India’s self-reliance in healthcare, adding that the initiative aligns with the government’s broader “action-oriented” vision.
Focus on Industry Collaboration: The government encouraged the industry to leverage the scheme and assured continued support, aiming for rapid growth and development in the sector.
Boost to Healthcare Delivery: The scheme supports diverse medical devices from diagnostics to prosthetics, essential in healthcare delivery, enhancing access and innovation in the medical field.