The new ICMR-DHR policy will boost medical device market in India, The medical device industry is expected to grow as the new policy of ICMR_DHR of biomedical innovation and entrepreneurship at booming stage, The current government’s Initiatives Such as ”Make-In-India”,Atmanirbhar Bharat hoping best future growth for the country. Currently most medical devices in India are imported and they are expensive. To cater this situation government is planning new policy with designing new medical institutions, manufacturing and providing innovative products across the country. This will lead into reduction of import dependency and will provide access to quality healthcare facilities to Nation. Nation’s medical workforce i.e doctors, paramedical practitioners, technicians and staff having huge knowledge base they can actually share their fundamental problems and they can also provide innovative ideas of how to cater these problems, Considering all these facts Government policy will connect with industry, technical expertise ,commercial translation in health care sector. This policy will encourage the medical practitioner to entrepreneurial ventures.
Anusha Kaushik医疗器械分析师,全球哒ta added ,” Under this policy, various centers will be created for product development and commercialisation. This will create an innovation-led atmosphere and innovators can work in various positions such as non-executive director, scientific advisor, or consultant in a firm. They can license technologies to businesses or become a licensor, which will result in commercialisation, revenue generation, and benefit the individuals. “The new ICMR-DHR policies provide a decent opportunity for domestic players who are trying to gain access into the market. This is expected to make India a manufacturing destination and reduce the share of imported devices,”
Indian medical device market is facing new challenges and reforming regulations for the betterment of citizen of the nation. This policy will also bring better prospectus and new employment to the country .