India’s medical electronics market will grow to $11.7 billion by 2017

Ministry of Electronics & Information Technology (MeitY) focuses on Medical electronics with its 1st edition of Medical Electronics Innovation Summit

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Mumbai: The Ministry of Electronics & Information Technology (MeitY), Government of India will be launching the first interactive discussion meeting, ‘Medical Electronics Innovation Summit’ to promote development and manufacturing of medical electronics within the country, at IIT Bombay in Mumbai on 22nd and 23rd September 2016. The Summit will be inaugurated by Mr P P Chaudhary, Minister of State, Ministry of Electronics and Information Technology along with Mrs Aruna Sundararajan, Secretary, Ministry of Electronics and Information Technology and Mr Kamineni Srinivas, Minister for Health, Government of Andhra Pradesh and will be attended by medical directors, data analysts, medical information officers, CCIOs, technology specialist, medical technicians, key decision makers, researchers, etc from the healthcare sector.

The Government has taken various initiatives to attract more investment in the electronic sector in India and is looking at Healthcare sector with growth prospects in medical electronics. To understand the crucial role of Electronics in Medical application, Medical Electronics Innovation Summit is one of the initiatives in the series of proactive measures taken by MeitY. The emphasis of the summit will be towards innovation in the field of Medical Electronics, Health Informatics and Telemedicine Applications. This summit is powered by CeBIT, world’s leading high-tech event from Germany, with whom MeitY as partnered with for this initiative.

India’s medical electronics market will grow to $11.7 billion by 2017, as against the current valuation of $6.5 billion, if helped by increased awareness for healthcare delivery system in the country. The growth is attributed to the increased awareness about the benefits of healthcare delivery system, lifestyle diseases, exploding population and increased middle-class income. The next generation technologies like wireless body networks, bio-sensors, micro fluids, micro electro mechanical systems and Nano-electro mechanical systems are going to create a revolution in the field of advanced diagnosis for creating a better healthcare delivery system in India.

On this occasion, Mrs Aruna Sundararajan, Principal Secretary, Ministry of Electronics and Information Technology (MeitY) mentioned, “To increase the accessibility and quality of healthcare delivery systems on a national scale, the Ministry of Electronics and Information Technology (MeitY) is now working towards developing the role of Electronics in the field of Medical application. This year’s Medical Electronics Innovation 2016 Summit with intellectual guidance from MeitY, will focus on building indigenous innovations in the health sector which will be in sync with the ‘MAKE IN INDIA’ initiative. Our partnership with organizations such as STPI and CeBIT India, this summit will bring forth the new ideas, trends and learnings from past case studies in the field of medical electronics.”