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New scheme for Medical Sector
November 14 , 2024
14 days
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- Centre recently launching the Central Scheme with ₹500 crore for Strengthening the Medical Device Industry.
- It would accelerate growth, reduce import reliance and enhance India's position as a leading exporter of medical devices.
- India’s medical device market is valued at approximately $14 billion and is expected to grow to $30 billion by 2030.
- The new scheme consists of five sub-schemes –
- Common Facilities for Medical Devices Clusters,
- Marginal Investment Scheme for Reducing Import Dependence
- Capacity Building and Skill Development for Medical Devices.
- Medical Device Clinical Studies Support Scheme and
- Medical Device Promotion Scheme.
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