Global Investors Meet

Pharma & India Medical Device Sector by Invest India

India Medical Device, Session 1

• Theme Session: Paving the Road for India's self-reliance in Medical Devices
• Session Brief: To identify the present status of Med-tech industry in terms of market size, local capacity, import dependency of raw materials as well as finished products and the effect of the pandemic. Further to identify the need requirements of MedTech industry and to evolve the rectifying measures in the short term, mid-term, and long term.

India Medical Device, Session 2

• Theme Session: Innovation and R&D Ecosystem
• Session Brief: Government should encourage R&D in India to feed Make in India as technology evolves rapidly in this space. Openness to best global practices, seamless flow of innovation, recognition of international standards and Intellectual Property Rights (IPR), policy support and incentives pave the way forward for inviting investments in R&D and therefore making India ready for the next in ‘Make in India’. The session will deliberate on the roadmap to make India a hub for launching and adopting newer medical devices as a first preference destination. Focus should be on innovation that will eventually lead to world class indigenous manufacturing process for the domestic as well as overseas markets.

India Medical Device, Session 3

• Theme Session: Increasing Access to Quality and innovative Medical Devices
• Session Brief: Presently only 45 Cr. of the population is covered under health – insurance. Out of which 35.7 Cr. are under basic Government schemes,7.29Cr. under group insurance, 4.21Cr. under individual insurance. This results in high Out of Pocket Expenditure (OOPS) for the patients (66%) and lesser access to quality medical devices with the per capita spend on medical devices at just above 3 USD (compared to global average of 45 USD).

India Medical Device, Session 4

• Theme Session: MedTech’s role in accelerating Digital Health to increase patient access, improve outcomes and deliver efficient healthcare
• Session Brief: Explore how the medical devices and diagnostic sector is transforming into medtech for contributing to the digital health agenda for Universal Health coverage. Discuss how the healthcare industry in partnership with other emerging technology providers and the government can partner to accelerate Digital Health.