Union Cabinet approves National Medical Devices Policy, 2023

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The Union Cabinet approved the National Medical Devices Policy, 2023 and the Indian medical device sector has come into prominence due to its contribution in the fight against COVID-19.

An Overview of the News

  • The policy aims to bring the medical device sector on an accelerated path of growth with a patient-centric approach to meet the growing healthcare needs of the patients.

  • The market size of the medical device sector in India is estimated to be $11 billion in 2020.

  • The policy is expected to help the medical device sector grow from the current $11 billion to $50 billion by 2030.

  • The policy outlines six strategies to boost the medical device sector: regulatory streamlining, enabling infrastructure, facilitating R&D and innovation, attracting investments into the sector, human resource development and brand positioning and awareness building.

About Union Cabinet

  • It is thehighest decision-making body of the executive branch of the Government of India.

  • It consists of the prime minister, who is the head of the cabinet, and other cabinet ministers who are responsible for various departments and ministries.

  • The cabinet is responsible for making important policy decisions and making laws.

  • It meets regularly to discuss issues of national importance, approve bills to be presented in Parliament, and oversee the implementation of government programs.

  • Thecabinet is appointed by the President of India on the recommendation of the Prime Minister.

  • The size of the cabinet is determined by the Prime Minister, but it cannot exceed 15% of the total number of members in the Lok Sabha.

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