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Cabinet approves National Medical Devices Policy ‘2023’ admin May 1, 2023

Cabinet approves National Medical Devices Policy ‘2023’

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Cabinet Approval to Medical Devices Policy 2023

Dear Friends,

On Wednesday, 26th April'23, the Union Cabinet cleared the National Medical Devices Policy, 2023 to reduce India’s heavy import dependence in this sector.

Currently India imports about 75 to 80 per cent of medical devices.

The National Medical Devices Policy, 2023 is expected to facilitate growth of the medical devices sector to meet the public health objectives of access, affordability, quality and innovation.
It is essential to enhance indigenous capacity as there is a growing demand for affordable quality medical devices. There is a need for systemic development and expansion of medical devices industry in the country. With this scheme the government will enhance India’s manufacturing capacity.

The market for medical devices in India was estimated to be USD 11 billion (approximately, Rs 90,000 crore) in 2020, accounting for 1.5 per cent of the global market.

The 157 nursing colleges announced in this year’s Union Budget were also approved by the Cabinet.

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