India set to be global hub of medical technology and devices with market size to reach 50 billion dollar by 2050: Health Minister Mansukh Mandaviya

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India set to be global hub of medical technology and devices with market size to reach 50 billion dollar by 2050: Health Minister Mansukh Mandaviya



@mansukhmandviya



Union Health Minister Mansukh Mandaviya has said that India is set to become the global hub of medical technology and devices with the market size estimated to reach 50 billion dollars by 2050. Addressing a Curtain Raiser of India’s first medical technology expo – India MedTech Expo 2023 in New Delhi, Mr Mandaviya said, government is taking every possible step to make India a manufacturing hub for medical devices.

He said, the medical device sector is considered one of the sunrise sectors in the country. The Minister said, India is taking a holistic approach to health with a vision to transform the health landscape in the country by 2047.

India MedTech Expo 2023 is scheduled to be held in Gandhinagar, Gujarat from 17th to 19th of this month, on the sidelines of the G20 Health Ministers’ Meeting. Mr Mandaviya stated that the Expo will showcase India’s innovations and achievements in medical and surgical procedures, drugs, equipment, and facilities. He highlighted that the event will enhance visibility of medical devices ecosystem in India and create a brand identity for Indian MedTech sector.

 

On the occasion, Minister of State for Chemicals and Fertilizers Bhagwant Khuba said that the government is committed to make the country atmanirbhar in the health sector. He urged all stakeholders including industries and media personnel to visit the expo and witness the transformative work being done in this segment.









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