Dr. Mandaviya’s Vision: A $50 Billion MedTech Marvel by 2050
Hold on tight, because the world of medical technology is about to witness a seismic shift. Dr. Mansukh Mandaviya, the visionary Union Minister of Health & Family Welfare and Chemicals & Fertilizers, has set the stage for a groundbreaking transformation. Brace yourselves for India MedTech Expo 2023—a game-changing event that promises to catapult India into the global spotlight as a hub of medical innovation.
Sunrise Sector: A Manufacturing Powerhouse in the Making
Dr. Mandaviya’s bold proclamation isn’t just wishful thinking. The Indian government, under the leadership of the Hon’ble Prime Minister, is leaving no stone unturned to turn India into a manufacturing juggernaut for medical devices. With a current market share of 1.5%, the goal is to reach a staggering 10-12% over the next 25 years. Talk about aiming for the stars!
Policy Power: Fueling the MedTech Revolution
The National Medical Devices Policy 2023 is the secret weapon in India’s arsenal. Dr. Mandaviya believes that this policy is the key to catapulting the Medical Devices Sector from $11 billion to an astonishing $50 billion by 2030. It’s not just about numbers—it’s about a holistic transformation of India’s healthcare landscape.