Abstract

  One of the most advancing fields in biomedical research is medical devices. The Indian market is presently rated at 5.6 billion USD. India is among the top 15% global market and among the 3rd in Asian countries. The health sector and Indian government aim to see an average growth of 45 billion USD by 2025. The Indian industries have involved in manufacturing mid to low- end products and the majority being imported internationally. Certain aspects of quality, integrity and regulatory concerns are the major reasons. In-turn big innovator companies have outgrown taking over the small companies creating a newer avenue. Indian government along with the Indian council of medical research (ICMR) have framed certain flexible policies cutting down time-consuming paper-work in the regulatory perspectives that have even encouraged the Indian origin companies as well. The government has even ensured to implement measures to aid and encourage the research, development, along with manufacture/import of medical devices. The majority of national reputed universities like IITs and NITs have scaled up focusing on research and development. But still, price control and existing of multiple regulators in the market are major hurdles that need to be overcome by the medical device companies in India.

References

Citation

Citation: Mallesh Kurakula. "Medical Device Innovations in Indian Biomedical Research". Acta Scientific Pharmaceutical Sciences 4.2 (2020): 01.