Health Technology Assessment of Medical Devices in India: Key Considerations for Value Assessment Frameworks

Health Technology Assessment of Medical Devices in India: Key Considerations for Value Assessment Frameworks

There has been marked improvement in both economic growth and health standards globally over the past few years. However, the correlation between economic growth and improved health outcomes is unclear and remains complex. Urgent attention needs to be given to the fact that out-of-pocket expenditure constitutes an alarming 60% of the total health expenditure in India. Dedicated efforts and investment, not just in terms of gross domestic product (GDP) but also tangible progress in research and innovation, are required to restructure the fragmented healthcare system in our country.

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