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MEDITECH STACKATHON 2024

MEDITECH STACKATHON 2024

PWOnlyIAS

May 08, 2024

Context

Ministry of Chemicals and Fertilizers launched the MEDITECH STACKATHON 2024 in collaboration with CII in New Delhi.

Meditech Stackathon

It is an initiative designed to catalyze transformative change within India’s burgeoning MedTech sector by undertaking a comprehensive value chain analysis of select medical devices. 

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Medical sector of India: 

  • Currently, India is the 4th largest market for medical devices in Asia and among the top 20 globally. 
  • Net imports for 2022-23 stands at USD 4101 Million with import coverage ratio of 0.45.
  • India’s MedTech industry holds immense potential, with projections estimating a growth rate of 28% annually, reaching a size of USD 50 billion by 2030. 
  • Objective: To address critical challenges, foster domestic manufacturing, and reduce import dependence through close consultation with industry leaders, policymakers, and experts.
  • Focus areas: It would deliberate in eight focused groups:
    • Cancer Therapy
    • Imaging
    • Critical Care
    • Assistive Medical Devices
    • Body Implants
    • Surgical instruments and Hospital Equipment
    • Consumables & Disposables
    • IVD Instruments and reagents
Also Read: Amendments to Indian Patent Rules Could Impact Medicine Costs and Access

 

Must Read
NCERT Notes For UPSC UPSC Daily Current Affairs
UPSC Blogs UPSC Daily Editorials
Daily Current Affairs Quiz Daily Main Answer Writing
UPSC Mains Previous Year Papers UPSC Test Series 2024

 

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Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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