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MedTech Mitra : Revolutionizing Healthcare – Health Minister Launches ‘MedTech Mitra’ t0 Empower Medical Innovators

MedTech Mitra : Initiative Aims to Propel India’s MedTech Industry to $50 Billion by 2030

New Delhi, 25 December (City Times): (MedTech Mitra) : In a significant move towards fostering innovation in the healthcare sector, Union Minister of Health and Family Welfare, Mansukh Mandaviya, virtually launched ‘MedTech Mitra’—an initiative designed to empower medical technology innovators and advance healthcare solutions.

Addressing the occasion, Mandaviya highlighted the critical role of MedTech Mitra in nurturing the country’s young talents, providing them with the necessary support to transform their research, knowledge, and logic into tangible solutions. The platform aims to assist innovators in obtaining regulatory approval, fostering a conducive environment for the development of medical technologies.

MedTech Mitra

India’s medical devices sector, an integral component of the healthcare system, has witnessed substantial progress, thanks to initiatives like production-linked incentive schemes, investments in medical drug parks, the MedTech research policy, and the MedTech research incentive scheme. Mandaviya emphasized the need for reducing import dependency, especially given that nearly 80% of India’s medical device requirements are currently met through imports.

The MedTech Mitra initiative aligns with the larger vision of ‘Viksit Bharat’ (Developed India), aiming to transform the health landscape in the country by 2047. The platform is expected to contribute to the indigenous development of affordable, high-quality medical devices, thereby supporting the vision of an Atmanirbhar Bharat (Self-reliant India).

Mandaviya expressed confidence that India’s MedTech industry will grow to become a USD 50 billion sector by 2030. Recognizing the rapid evolution of the medical device sector due to advancements in robotics, artificial intelligence, big data, virtual reality, and nanotechnology, the minister highlighted the immense potential within the country’s pool of innovators, researchers, and startup enthusiasts.

SP Singh Bhagel, Union Minister of State for Health and Family Welfare, praised MedTech Mitra as a transformative platform for budding entrepreneurs and innovators, characterizing it as more than an ecosystem—it is a community driving revolutionary change in the healthcare sector.

Dr VK Paul, Member Health, Niti Aayog, emphasized the challenges faced by innovators and the pivotal role MedTech Mitra would play in providing support for clinical evaluations and regulatory compliance. He envisions the platform empowering emerging startups and fostering an environment of innovation, research and development, contributing to the vision of building an Atmanirbhar Bharat. The MedTech Mitra initiative is poised to usher in a new era of collaboration, progress, and innovation in the Indian healthcare landscape.

MedTech Mitra

Conclusion: In launching ‘MedTech Mitra,’ Union Health Minister Mansukh Mandaviya has set in motion a transformative initiative that holds the promise of reshaping India’s healthcare landscape. This forward-looking platform is not just an ecosystem; it is a community, a harbinger of revolutionary change. By empowering medical innovators and facilitating the indigenous development of affordable, high-quality medical devices, MedTech Mitra aligns seamlessly with the vision of an Atmanirbhar Bharat—self-reliant India.

The commitment to reducing import dependency and fostering a conducive environment for innovation reflects a bold step towards building a robust and resilient healthcare infrastructure. As the medical device sector undergoes rapid transformation propelled by technological advancements, MedTech Mitra is poised to harness the immense potential of India’s innovators, researchers, and startup enthusiasts. With a clear roadmap to achieve a USD 50 billion MedTech industry by 2030, the initiative embodies the spirit of ‘Viksit Bharat’—a developed India that leverages innovation to address healthcare challenges and embrace a future of self-sufficiency. MedTech Mitra is not just a platform; it is a catalyst for progress, collaboration, and innovation that will shape the future of healthcare in India.

Click To Read news in Hindi.

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