In a virtual launch ceremony, Dr. Mansukh Mandaviya, Union Minister of Health and Family Welfare and Chemicals & Fertilizers, introduced ‘MedTech Mitra,’ a strategic initiative aimed at nurturing the talents of young innovators in the country. The platform seeks to shape their research, knowledge, and logic while providing essential support for obtaining regulatory approval.
MedTech Mitra, a groundbreaking platform aimed at nurturing the talents of young innovators in the field of medical technology, was officially launched by Dr. Mansukh Mandaviya, Union Minister of Health and Family Welfare and Chemicals & Fertilizers. The strategic initiative is designed to provide comprehensive support to MedTech innovators, aiding them in refining their research, knowledge, and logic, while also facilitating regulatory approvals for their healthcare solutions.
Dr. Mandaviya emphasized the pivotal role of the medical devices sector in India’s healthcare landscape, aligning with the vision of Viksit Bharat. Acknowledging the sector’s import dependency, which stands at 80%, he highlighted the significant progress achieved through production-linked incentive schemes, investments in medical drug parks, and the implementation of MedTech research policies. The collaborative nature of MedTech Mitra is expected to foster the indigenous development of affordable and high-quality medical devices, thereby reducing the nation’s reliance on imports.
Dr. Mandaviya expressed confidence in India’s MedTech sector, projecting it to become a $50 billion industry by 2030. He underscored the rapid transformation fueled by advancements in technologies such as Robotics, Artificial Intelligence, Big Data, Virtual Reality, and Nano Technology, emphasizing the need for proactive support at the approval stage to propel India towards self-reliance and the vision of Viksit Bharat.
Prof. S.P. Singh Bhagel lauded MedTech Mitra as more than just a platform – a comprehensive ecosystem and community fostering revolutionary change. The initiative aims to bring together various stakeholders in the medical technology field to enhance cooperation and promote progress in the health sector. It serves as a catalyst for change, encouraging the use of accurate and cost-effective indigenous technologies to transform healthcare in India.
Dr. V.K. Paul emphasized the challenges faced by innovators and the critical role MedTech Mitra plays in providing support for clinical evaluations and regulatory compliance. By empowering emerging start-ups, the platform seeks to ensure ease of innovation, research and development, and service delivery, contributing to the building of an Atmanirbhar Bharat. The collaborative approach of MedTech Mitra is expected to break silos, catalyzing growth and independence in the sector.
Dr. V.K. Paul highlighted the alignment of MedTech Mitra with the medical devices ecosystem, emphasizing its contribution to strengthening India’s commitment to Universal Health Coverage. The platform is poised to extend the reach of healthcare services to every corner of the nation, aligning seamlessly with the vision of Viksit Bharat.
Q1. What is the primary objective of ‘MedTech Mitra’ launched by Dr. Mansukh Mandaviya?
Sol. To nurture and support young innovators in the field of medical technology, shaping their research and facilitating regulatory approvals.
Q2. How does ‘MedTech Mitra’ contribute to reducing India’s import dependency in the medical devices sector?
Sol. By fostering indigenous development of affordable and high-quality medical devices through collaborative initiatives.
Q3. According to Dr. Mandaviya, what is the projected worth of India’s MedTech sector by 2030?
Answer: According to Dr. Mandaviya, the projected worth of India’s MedTech sector by 2030 is $50 billion.
Q4. What technologies did Dr. Mandaviya highlight as fueling the rapid transformation in the medical device sector?
Sol. Robotics, Artificial Intelligence, Big Data, Virtual Reality, and Nano Technology.
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