July 27, 2024
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- Department of Pharmaceuticals under Ministry of Chemicals and Fertilizers launched the MEDITECH STACKATHON 2024 in collaboration with CII at New Delhi.
- MEDITECH STACKATHON is an initiative designed to catalyze transformative change within India’s burgeoning MedTech sector by undertaking a comprehensive value chain analysis of selected medical devices.
- It aims to address critical challenges, foster domestic manufacturing, and reduce import dependence in medical technology.
- 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.
- This sector has witnessed a surge in imports primarily by countries like the US, China, and Germany,
- The STACKATHON would deliberate in eight focused groups namely Cancer Therapy, Imaging, Critical Care, Assistive Medical Devices, Body Implants, Surgical instruments and Hospital Equipment, Consumables & Disposables, and IVD Instruments.
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