The government had floated the approach paper on the draft national medical devices policy 2022 for consultation. The policy is expected to help the medical devices sector grow from the present USD 11 billion to USD 50 billion in the next five years. The government has already initiated implementation of the PLI Scheme for medical devices and extended support for setting up of 4 medical device parks in Himachal Pradesh, Madhya Pradesh, Tamil Nadu and Uttar Pradesh.
