India set to become global hub of medical technology and devices with market size to reach 50 billion by 2050: Health Minister Mansukh Mandaviya

New Delhi, Aug 10:-- Union Health Minister Mansukh Mandaviya with Union Minister of State for Chemicals & Fertilizers Bhagwant Khuba, addressed the Curtain Raiser of India MedTech Expo 2023 in New Delhi today.

Health Minister said that India is set to become the global hub of medical technology and devices with the market size estimated to reach 50 billion US Dollars by 2050.

He added that with effective implementation of the recently unveiled National Medical Devices Policy 2023, we are confident of fostering the Medical Devices sector which is considered as one of the sunrise sectors in the country.

India MedTech Expo 2023 will be India’s first medical technology expo under the theme of India: The Next MedTech Global Hub; Future of Devices, Diagnostics, and Digital.

It will be held on the sidelines of the G20 Health Ministers Meeting in Gandhinagar, Gujarat from 17 to 19 August 2023 embodying India’s aspirations for the MedTech sector.

Related Health News

Nasal Spray developed to treat traumatic brain injury

A new study led by researchers at Mass General Brigham said a nasal spray developed to target neuroinflammation that could be an effective treatment for traumatic brain injury (TBI). A mouse model of TBI, researchers found the spray could reduce damage to the central nervous system and b....

Famous cardiologist Dr Cherian passes away

Dr. KM Cherian, a world-renowned cardiologist for over 50 years passed away at Bengaluru. The 82-year-old Cardiologist reportedly collapsed while attending a wedding yesterday. He had recently launched his biography in Kerala. Among many credits, was his first heart-lung transplant on a patien....

New advances in breast cancer treatment,no surgery needed

Some women with the earliest stages of breast cancer could be carefully monitored, undergoing surgery and radiation only if the disease advances, new data suggested. "The strategy is akin to one already used in early prostate cancer, as doctors are increasingly looking at whether th....

Long-term exposure to air pollution linked to blood clots: study

A large study found that greater exposure to long-term air pollution was linked to increased risks for blood clots that can occur in deep veins, according to the U.S. National Institutes of Health (NIH). If untreated, the condition can block blood flow and cause serious complications, even dea....

Black Pepper And Honey Effective For Coughs And Colds

(Fast Mail):Since time immemoria,it has been advised to consume honey as medicinal properties. But if you consume this spice with honey, then your overall health can get more benefits.We are talking about black pepper. This simple looking spice can prove to be a boon for your health. Let's know how.....