The Union Cabinet approved the National Medical Devices Policy, 2023.
It aims to place the medical devices sector on an accelerated path of growth with a patient-centric approach to meet the evolving healthcare needs of patients
It is expected to facilitate an orderly growth of the medical device sector to meet the public health objectives of access, affordability, quality, and innovation.
It will help the sector grow from the present $11 billion to $50 billion in the next five years.