Secretary, Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Dr Arunish Chawla, has launched the Meditech Stackathon 2024 in collaboration with Confederation of Indian Industry (CII).
National
Secretary, Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Dr Arunish Chawla, has launched the Meditech Stackathon 2024 in collaboration with Confederation of Indian Industry (CII). The Stackathon is a groundbreaking initiative designed to catalyse transformative change within India's burgeoning medtech sector by undertaking a comprehensive value chain analysis of select medical devices. The Stackathon would deliberate in 8 focused groups namely Cancer Therapy, Imaging, Critical Care, Assistive Medical Devices, Body Implants, Surgical instruments and Hospital Equipment, Consumables & Disposables, and IVD Instruments and reagents. India's MedTech industry holds immense potential, with projections estimating a growth rate of 28% annually, reaching a size of USD 50 billion by 2030.
India is the 4th largest market for medical devices in Asia and among the top 20 globally.
Net imports for 2022-23 stands at USD 4101 Million with import coverage ratio of 0.45.
Ministry of Chemicals and Fertilisers
Minister of State- Bhagwanth Khuba
Union Minister- Mansukh L. Mandaviya
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