Indian Drugs and Pharmaceuticals Limited (IDPL), Gurgaon modernized for mass production of drugs for diabetes, oncology, nephrology and cardiology.
1143 Jan Aushadi stores are operationalizedCoronary Stents price reduced by 85%
Pharma Data Bank’ launched to facilitate online filing of mandatory returns
Pharma Jan Samadhan & Pharma Sahi Daam launched
11 National Institutes of Pharmaceutical Education & Research (NIPERs) approved.
The industry has steadily grown and witnessed a surge from USD 2.02 billion in 2009 to USD 3.9 billion in 2015 at a Compound Annual Growth Rate (CAGR) of 15.8%. As per industry Instruments (surgical and non-surgical) form the largest segment (53% of the Indian medical device industry), constituting about USD 2.7 Billion (2017), while the estimated market size of the consumer and durable segment is USD 1404 million.Medical Device Clusters
There are a range of Medical Device Clusters that have emerged due to supportive state-level policies as well as the availability of skilled labour. There are a few Medical Device Parks planned across India, including Andhra Pradesh MedTech Zone Limited (AMTZ), a park in Sultanpur village (Telangana) and HLL Lifecare Mediparks in Tamil Nadu, Maharashtra and Gujarat.