India is on the brink of launching a new national policy to support research and development (R&D) in the pharmaceutical and medical devices sectors. Union Minister Mandaviya announced that the policy is in its final stages and will focus on promoting innovation, enhancing affordability, and improving accessibility to medical devices. The introduction of this policy is expected to strengthen the healthcare industry and contribute to the growth of the pharmaceutical and medical devices sectors in India. The policy is designed to encourage indigenous R&D, reduce import dependency, and foster a conducive environment for innovation and development of new technologies and treatments. It will also facilitate collaboration between industry stakeholders, academia, and research institutions to drive R&D in medical devices. This initiative aligns with the government’s vision of making healthcare more affordable and accessible to all. The policy aims to address key challenges faced by the medical devices sector, such as quality control, regulatory compliance, and ensuring patient safety. It will lay the groundwork for establishing a robust ecosystem that encourages domestic manufacturing and innovation in medical devices. By fostering an environment conducive to R&D, the policy will enable India to emerge as a global hub for medical technology innovation and development. Medical devices play a crucial role in the diagnosis, treatment, and monitoring of various health conditions. However, India currently relies heavily on imports to meet its medical device needs. By promoting indigenous R&D, the policy aims to reduce import dependency and boost domestic manufacturing of medical devices. This will not only result in cost savings but also create employment opportunities and drive economic growth. The policy also seeks to streamline regulatory processes and ensure the quality, safety, and efficacy of medical devices. By establishing clear guidelines and standards, it will enhance consumer confidence and facilitate the introduction of innovative and reliable medical devices in the market. Additionally, the policy will emphasize the importance of skill development and capacity building in the medical devices sector. It will encourage training programs, skill enhancement initiatives, and knowledge sharing to nurture a skilled workforce capable of driving innovation and supporting the growth of the industry. Overall, the upcoming national policy for the medical devices sector holds great promise for India’s healthcare industry. It is expected to stimulate research, innovation, and domestic manufacturing, ultimately benefiting patients, healthcare providers, and industry stakeholders alike.