India’s Medtech Sector Projected to Reach $30 Bn by 2030: JP Nadda
According to the Union Minister, the ongoing expansion of digital health infrastructure, including Ayushman Bharat Health Account IDs, telemedicine, and the integration of AI, will enhance healthcare access and quality.
Union Minister of Health and Family Welfare JP Nadda has recently announced that India’s medtech sector is expected to grow significantly, reaching $30 billion by 2030.
According to the Union Minister, the ongoing expansion of digital health infrastructure, including Ayushman Bharat Health Account IDs, telemedicine, and the integration of AI, will enhance healthcare access and quality.
Speaking at a recent event, the past BJP president said, “We are enhancing healthcare access, fostering a compassionate and quality workforce, and making strides towards self-reliance and affordability in medical solutions for all.”
Nadda outlined the healthcare advancements over the past decade, citing the expansion of medical infrastructure, such as the increase in the number of AIIMS and medical colleges, and public health initiatives such as Ayushman Bharat and Mission Indradhanush, which have improved health outcomes for millions.
He also noted the success in controlling diseases, exemplified by a significant reduction in malaria cases and an effective response to the COVID-19 pandemic.
India's global position in the pharmaceutical sector was emphasized, with Nadda noting that the country supplies 20% of the world’s generic drugs by volume and produces 60% of its vaccines.
“India now stands as a global leader in affordable medicines and vaccines,” he added.
The minister stressed the importance of integrating technology into healthcare delivery. Looking towards the vision of Viksit Bharat 2047, he encouraged innovation and collaboration across sectors.
“Let us foster innovation and collaboration across sectors, be it management, medicine, engineering, or social sciences, ensuring a people-centric approach in delivering quality healthcare to every citizen,” Nadda said.
Additionally, the Health Minister urged industry and academia to contribute to policy development through their research.
“Research work of the industry and academia is meant to be implemented in policy, and we as policymakers are ready to do it. You suggest to us the roadmap for policy interventions, innovations, joint collaborations, and we will support you in every way to build that road,” he assured.
