Medical Devices and Diagnostics form an important component of the health care system. The diverse and innovativenature of this sector significantly contributes to enhance the quality and efficacy of health care. Broadly, Medical Devices are sub classified into six segments viz. (i) Disposables (ii) Consumables (iii) Surgical Instruments (iv) Medical electronics (v) Hospital equipment’s and (vi) Implants. Indigenous production in the former 3 segments account for over 60%, whereas the latter three account for less than 20%. The sector is worth US$ 5 billion with an annual growth rate of 20%. Thus S&T inputs become crucial for Indigenous industry to sustain the competitiveness and expand its market share.
The Medical Devices sector is driven by innovation and is knowledge intensive. The R&D in medical devices is multi-disciplinary and requires wide ranging expertise in different fields. It requires not only advanced infrastructure but also technical competence. Thus to foster self-developed and IPR protected Indian technologies, S&T inputs through synergy become crucial for the survival and competitiveness of the sector.
The sector offers immense opportunities for exports and a holistic approach is required to leverage the competitiveness. There are about 750 manufacturers engaged in manufacture of medical devices and over 90% of them are in Small and Medium sector. In many Product Lines Indian companies now enjoy non price competitiveness against other countries and many Indian companies have put up 100% export oriented units. S&T inputs will strengthen the position industry immensely.
Office of the Principal Scientific Adviser (PSA) to Government of India has identified medical devices as one of the areas for S&T intervention and has constituted a committee to provide a report on this sector with a holistic view to give a thrust to the industry. The committee is in the process to give its recommendations.