india-s-medtech-sector-on-track-for-30b-by-2030-says-nadda

The medtech sector is rapidly growing and is expected to reach $30 billion by 2030, Union Minister of Health and Family Welfare JP Nadda said on Saturday.

With the expansion of digital health infrastructure, such as Ayushman Bharat Health Account IDs, telemedicine, and AI integration, “we are enhancing healthcare access, fostering a compassionate and quality workforce, and making strides towards self-reliance and affordability in medical solutions for all,” the minister emphasised at the ‘IIMA Healthcare Summit’.

➡️ Union Minister of Health and Family Welfare and Chemicals @JPNadda addressed the Healthcare Summit at IIMA, urges industry and academia to suggest the roadmap to build better healthcare for the country

➡️ India’s remarkable healthcare evolution over the past decade is marked… pic.twitter.com/TfvT5LSYyT

— PIB India (@PIB_India) January 19, 2025

“India’s remarkable healthcare evolution over the past decade is marked by significant achievements, such as expanding medical infrastructure, including substantial growth in the number of AIIMS and medical colleges; strengthening public healthcare with initiatives like Ayushman Bharat and Mission Indradhanush, which are improving health outcomes for millions; and implementing robust disease control measures, as exemplified by a significant reduction in malaria cases and the COVID-19 pandemic response,” the minister explained.

By fulfilling about 20 per cent of the global generic drug supply by volume and producing 60 per cent of the world’s vaccines, India now stands as a global leader in affordable medicines and vaccines, he noted.

Underlining the significance of technology integration into healthcare delivery and efforts made by the government in this direction, Nadda said that as the country aims for Viksit Bharat by 2047, “let us foster innovation and collaboration across sectors, whether in management, medicine, engineering, or social sciences, ensuring a people-centric approach to delivering quality healthcare to every citizen.”

The Union Minister urged industry and academia to contribute to policy interventions with their research, stating, “Research conducted by industry and academia is meant to be implemented in policy, and we as policymakers are ready to do it.”

“You suggest the roadmap for policy interventions, innovations, and joint collaborations, and we will support you in every way to build that road,” he said.