Key Points
New Delhi: In a move set to bolster Indias medical device industry, Union Minister for Chemicals and Fertilizers, Shri Jagat Prakash Nadda, today launched the Scheme for Strengthening the Medical Device Industry..
The comprehensive scheme, boasting an outlay of Rs. 500 crore, aims to address critical areas of the sector, including manufacturing, skill development, clinical studies, infrastructure, and industry promotion, a PIB press release stated...
Medical Device Clinical Studies Support Scheme: This initiative aims to assist companies in conducting clinical studies, offering financial support for animal studies and human trials, up to Rs..
Medical Device Promotion Scheme: This sub-scheme will provide funding for industry associations and export councils to organize promotional activities, conduct surveys, and support studies...
The Scheme for Strengthening the Medical Device Industry is expected to significantly contribute to the growth of Indias medical device market, valued at approximately Rs. 14 billion today and projected to reach Rs..
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21, May, 23The scheme plans the establishment of additional quality testing labs, the development of shared infrastructure facilities, and the provision of financial aid to manufacturers, underpinning the Centre’s commitment to bolstering this critical industry.