‘India fourth largest medical devices market after Japan, China and South Korea’: Union Minister Anupriya Patel

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'India fourth largest medical devices market after Japan, China and South Korea': Union Minister Anupriya Patel



Additionally, the Promotion of Research in Pharma-Medtech Sector (PRIP) and the Scheme for Strengthening the Medical Device Industry with Rs 500 crore funding aim to foster innovation, enhance manufacturing capabilities, support skill development, and promote industry growth.These efforts align with the vision of Atmanirbhar Bharat, focusing on self-reliance, innovation, and global competitiveness in the MedTech industry, she said.Underlining that a healthy population fuels productivity, drives economic growth, and ensures social justice, Union Health Secretary, Punya Salila Srivastava said that “healthcare is not just a social imperative but an economic necessity.”She noted that India’s healthcare agenda focuses on making healthcare affordable, accessible, and inclusive for every citizen and stressed that the healthcare sector is a critical component of India’s vision to become a developed country by 2047.“The private sector plays a key role in transforming healthcare, particularly in Tier-2 and Tier-3 cities, through value-based care models and technological innovations. Public-private partnerships, preventive healthcare, and a focus on expanding the healthcare workforce will be critical in achieving Universal Health Coverage and positioning India as a global leader,” she said.“The goal is to transform India into a global leader in healthcare delivery by 2047, aiming for a healthier, stronger, and prosperous India. The private sector’s role in shaping India’s healthcare future is both a responsibility and an opportunity. By embracing this vision, quality healthcare will be provided to every Indian, driving economic growth and job creation,” the health secretary said.



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