Pharmaceuticals & Medical Devices: Regulatory Reforms & Global Positioning
India’s pharmaceutical strategy is pivoting from "Volume Leadership" (Generics) to "Value Leadership" (Innovation & R&D). Simultaneously, the Medical Devices sector is undergoing a structural shift towards self-reliance to reduce import dependence, supported by a revamped regulatory framework that recognizes MedTech as a distinct industry separate from drugs.
Global & Domestic Beneficiaries
- Global South: Nations relying on India for affordable vaccines and generic medicines.
- Domestic Manufacturers: Beneficiaries of the PLI schemes for Bulk Drugs and Medical Devices.
- Patients: Access to high-quality affordable medicines via Jan Aushadhi Kendras.
- R&D Ecosystem: Startups and academia utilizing National Institute of Pharmaceutical Education and Research (NIPER) facilities.
Policy ....
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