Locally-made medical devices can cut imports, boost exports: TDAP CEO

KARACHI: Local companies are advancing in the development and production of medical devices, which is expected to reduce Pakistan's import bill by $2 billion over the next five years and create opportunities for exporting technological products to global markets.

This was stated by the Trade Development Authority of Pakistan (TDAP) CEO Zubair Motiwala at the 3rd Annual Conference "Boosting Medical Devices," held recently at the Expo Center,  Karachi, where he was the chief guest. 

Motiwala called for the establishment of export networks by Pakistani firms for surgical and pharmaceutical products, saying that collaborative efforts among stakeholders could further enhance the export potential of medical devices.

"Manufacturing medical devices is a complex field that requires stringent testing and standardisation before entering international markets. TDAP is dedicated to exploring all possible sectors to boost exports, particularly by supporting the localisation of production in the health sector to cut down imports," he said.

Samane Shifa Foundation Chairman Dr Syed Shahid Noor supported Motiwala's remarks, saying that Pakistan has the capacity to produce advanced medical technologies, including ventilators and cardiac stents.

Revealing that over ten medical devices have already been developed locally, with more in progress, Dr Noor said capturing just 1pc of the global medical device market, estimated at around Rs. 1 trillion, could significantly strengthen Pakistan's economy.

He urged the government to implement a comprehensive policy to incentivise the sector, suggesting reductions or waivers on duties for raw materials and encouraging hospitals to purchase locally-manufactured, DRAP-approved products.

Drug Regulatory Authority of Pakistan (DRAP) Director Dr Saif-ur-Rahman Khattak acknowledged the challenges involved in approving medical devices, given the overlapping responsibilities between the pharmaceutical sector and the Ministry of Science and Technology. He stressed the importance of collaborative efforts to streamline regulatory processes and support manufacturers.

Healthcare Devices Association of Pakistan (HDAP) Chairman Syed Omar Ahmed said the majority of medical devices in the country are currently imported, calling for government policies that would attract both foreign and local investment by ensuring a fair competitive environment.

The three-day Health Asia International Exhibition and Conference hosted over 500 exhibitors, including international delegates, and attracted nearly 60,000 visitors. The event featured more than 20 seminars that highlighted the opportunities and challenges faced by Pakistan's growing medical device sector.

As Pakistan moves towards self-reliance in medical device manufacturing, industry leaders are urging robust political commitment and strategic initiatives to support this crucial industry.