Need to integrate various regulatory agencies with single-window system for medical devices: DoP Secy S Aparna
Aparna said there is a need to put in place a transparent, stable, predictable and easy-to-navigate interface between investors, manufacturers, exporters and the regulatory ecosystem.;
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New Delhi: There is a need for integration of various regulatory agencies with a single-window system for the medical devices industry, other than incentives for domestic production, a senior government official said on Thursday.
The medical devices industry, which is growing at a compound annual growth rate (CAGR) of about 15 per cent, holds the highest growth potential among all the constituents of the healthcare sector such as pharma and hospital services, an official statement said quoting S Aparna, secretary of Department of Pharmaceuticals, under the Ministry of Chemicals and Fertilisers.
Speaking at the inaugural session of Medical Devices Expo 2021, she said, "It is important to remember that this is an inter-disciplinary sector with a huge range of products covering re-agents, diagnostic kits, and high-end imaging equipment."
She said that therefore, it is a sector that requires a nuanced approach.
Beside incentives for domestic production of medical devices, she also highlighted the need for integration of various regulatory agencies with a single-window system.
Read also: Medical sector incentive rate under PLI scheme should be revised to 10 percent: Transasia
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