Written by : Aishwarya Sarthe
July 13, 2023
According to Drugs Controller General of India (DCGI), Rajeev Singh Raghuvanshi, all four categories of medical devices (A, B, C, and D) will be brought under regulation by October 1. Currently, only two groups (A and B) are being regulated, but the upcoming regulations aim to ensure quality in the production of medical devices.
The Union Cabinet approved the National Medical Devices Policy, 2023 on April 26, with a focus on improving the sector's quality controls. The medical devices sector in India was estimated to be USD 11 billion (approximately Rs 90,000 crore) in 2020, accounting for 1.5% of the global medical device market.
During the inaugural session of the 9th International Pharmaceutical Exhibition (iPHEX), organized by the Pharmaceuticals Exports Promotion Council (Pharmexcil), S V Veeramani, Chairman of Pharmexcil, highlighted the significant global reach of the Indian pharmaceutical industry, serving around 200 countries.
Ravi Udaya Bhaskar, Director General of Pharmexcil, further praised the Indian pharmaceutical industry's contribution to global healthcare through the supply of quality and affordable generic medicines. India is widely known as the 'Pharmacy of the World' for its crucial role in healthcare worldwide.
In previous editions of iPHEX, over 4,500 foreign delegates, including regulatory officials, public procurement agencies, journalists, and importers from more than 120 countries, along with 3,500 exhibitors and one lakh visitors, have actively participated in this prominent pharmaceutical exhibition.
The College of Healthcare Information Management Executives (CHIME) is an executive organization dedicated to serving senior digital health leaders. CHIME includes more than 5,000 members in 56 countries and two US territories and partners with over 150 healthcare IT businesses and professional services firms. CHIME enables its members and business partners to collaborate, exchange ideas, develop professionally and advocate the effective use of information management to improve the health and care throughout the communities they serve. CHIME's members are chief information officers (CIOs), chief medical information officers (CMIOs), chief nursing information officers (CNIOs), chief innovation officers (CIOs), chief digital officers (CDOs), and other senior healthcare leaders. The CHIME India Chapter became the first international chapter outside North America in 2016 and is now a community of over 70+ members in India. For more information, please visit www.chimecentral.org