Mon Jan 22 2024

Hospital Adoption of Indian-Made Medical Devices


Hospital Adoption of Indian-Made Medical Devices

Abstract

The Indian medical device industry's robust growth, poised to increase from $12 billion to $50 billion by 2030, underscores the efficacy of domestically manufactured devices. The Union Government's initiative, MedTech Mitra, further supports this growth. Encouraging hospitals to prioritize Indian-made medical devices over imported ones can yield cost reductions and stimulate innovation. Addressing pricing disparities, ensuring quality, and acknowledging the challenges associated with sustaining imported devices over time are crucial aspects. A shift towards domestically manufactured devices aligns with the broader goal of achieving Universal Health Coverage, offering a sustainable and resilient solution for India's healthcare ecosystem.

Dr Umesh Bilagi's Avatar

Dr Umesh Bilagi

Founder CEO of Nice HMS, reshaping healthcare management. MD DM in cardiology, with 2 private hospital launches and impactful government tenure. Fusing medical expertise and tech for superior care is my mission.


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