civil services chronicle

civil services chronicle

civil services chronicle Published this article page no 113  4. Create a singlewindow clearance system for licensing medical devices. 5. Identify critical suppliers and promote local sourcing. 6. Encourage crossindustry collaboration. 7. Increase the share of medical technology companies in research and development to around 50%. 8. A dedicated fund for encouraging joint research involving existing industry players reputed academic institutions and startups. 9. Incorporate a framework for a coherent pricing regulation to make available quality and effective medical devices to all citizens at affordable prices. This Policy envisions that by 2047 1. India Will be having few National Institutes of Medical Devices Education and Research (NIMERs) on the lines of National Institute of Pharmaceutical Education & Research (NIPERs). 2. It will be home & originator to 25 highend futuristic technologies in MedTech (Medical Technology). 3. It will have a MedTech Industry of USD100300 Bn size with 1012% of Global Market Share. Need for and significance of the policy62Nearly 80% of the medical devices currently sold in the country are imported particularly highend devices. This new policy aims to reduce Indias import dependence to nearly 30% in the next 10 years. The policy aims to increase Indias per capita spending on medical devices. India has one of the lowest per capita spend on medical devices at $3 compared to the global average of per capita consumption $47. Government initiatives so far 1. PLI Scheme for promoting domestic manufacturing of Medical Devices. 2. Promotion of Medical Devices Parks. 3. Medical devices has been recognised as a sunrise sector under the Make in India campaign in 2014. Insta Curious The central government notified in 2020 thar all medical devices as drugs effective from April 1 bringing a range of products from instruments to implants to even software intended for medical use in human beings or animals under the purview of the Drugs and Cosmetics Act 1940 civil services chronicle buy.


civil services chronicle

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