GeM and AiMeD Collaboration: Boosting Direct Sales to Government
Government eMarketplace (GeM), the public procurement platform under the Commerce Ministry, has recently inked a memorandum of understanding (MoU) with the Association of Indian Manufacturers of Medical Devices (AiMeD). The collaboration aims to enable AiMeD’s members to directly sell their products to the government through the GeM portal.
GeM announced the partnership to facilitate the seamless integration of over 300 medical device manufacturers associated with AiMeD onto the public procurement portal. This move is anticipated to establish direct market linkages between manufacturers and government buyers across India, eliminating intermediaries.
Looking for Medical Device Regulatory Consultants?
Let’s have a word about your next project
Empowering Stakeholders: Capacity-Building and Outreach
The MoU emphasizes capacity-building and maximization of outreach through training and workshops. These initiatives are designed to enhance the participation of AiMeD stakeholders in public procurement activities on GeM, ensuring the procurement of high-quality medical devices nationwide.
Growing Indian Medical Devices Market
Invest India, the government’s investment promotion agency, estimates the Indian medical devices market to be $11 billion, with projections to reach $50 billion by 2025. The sector has experienced a compound annual growth rate of 15 percent over the past three years.
The market comprises five key segments: consumables & disposables, diagnostic imaging, dental products, orthopaedics & prosthetics, and patient aids. These segments encompass a wide range of products, from needles and syringes to MRI machines and hearing aids.
National Initiatives for Medical Device Industry
The Indian government, recognizing the potential of the medical device industry, approved the National Medical Devices Policy in April last year. The policy aims to position India as a global leader in manufacturing, targeting a 10-12 percent share in the global market over the next 25 years.
Health Minister's Initiatives: Research and Innovation in Pharma-MedTech Sector
In September last year, Health Minister Dr. Mansukh Mandaviya launched the National Policy on Research and Development and Innovation in the Pharma-MedTech Sector. Additionally, the Scheme for Promotion of Research and Innovation in Pharma-MedTech Sector (PRIP) was introduced. These initiatives aim to create a robust ecosystem for research and innovation, involving academia, private sectors, and fostering new talent through startups.
As the Indian medical devices market continues its robust growth, regulatory compliance (CDSCO manufacturing license, Import license, ISO 13485 QMS certificate, etc.) and project management become paramount. Operon Strategist, a leading medical device regulatory and turnkey project management consultant, stands at the forefront to guide and support manufacturers in navigating this dynamic environment. With a commitment to ensuring quality and compliance, Operon Strategist is poised to play a pivotal role in assisting medical device manufacturers to seize the opportunities presented by this transformative collaboration between GeM and AiMeD.
