AI-Generated Summary

The Indian Pharmacopoeia Commission (IPC), in collaboration with the Bureau of Indian Standards (BIS), is developing new standards for medical devices, including monographs outlining specifications. This initiative aims to enhance the quality and safety of Indian-manufactured devices, harmonize them with global benchmarks, and significantly boost the country's medical device exports. The move supports India's goal of expanding its medical device market to $50 billion by 2030 and increasing its global market share.

In a nutshell

This development marks a strategic push by India to strengthen its global standing in the medical device sector through enhanced quality and regulatory alignment. For international stakeholders, this signifies a potential shift in market dynamics and new compliance considerations for engaging with the Indian medical device industry.

Source: Livemint