MedTech Centre – UPSC Prelims

MedTech Centre:
  • The Union Minister of Electronics and IT has inaugurated North India’s maiden Centre of Entrepreneurship – “MedTech” at the Sanjay Gandhi Postgraduate Institute of Medical Sciences (SGPI), Lucknow (UP)
  • MedTech is a Center of Excellence that shall provide state-of-the-art facilities to Startups in the field of Medi electronics and health informatics, providing impetus to the startup culture in the state.
  • Features: The Center shall provide plug and play facilities, co-working/incubation space, High Speed Internet (500MBPS), Medi electronics & Health informatics & IoT Labs, Support on Intellectual Property Rights, Assistance for Marketing among others.
  • Built by: The Centre has been built by Software technology Park of India, Ministry of Electronics and IT in partnership with Government of Uttar Pradesh.
MedTech Sector:
  • MedTech (or Medical Technology) is a segment under the larger umbrella of healthcare systems. The segment focuses on designing and manufacturing a wide range of medical products/devices for diagnosis, prevention, monitoring, treatment and patient care.
  • The Medi electronics sector is currently estimated to be at $10 billion and is expected to grow to $50 bn by 2025. However, there is a tremendous import dependency of around 75-80%.
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