Medical Technology Industry to launch Master Plan
Members of the media are invited to the launch of the Medical Technology (MEDTECH) Master Plan by industry stakeholders and the Department of Trade, Industry and Competition (the dtic). The Minister of Trade, Industry and Competition, Mr Ebrahim Patel will preside over the event:
Date: Monday, 13 May 2024
Time: 10:30 am
Venue: Industrial Development Corporation (IDC), 19 Fredman Drive, Sandton
The Medical Technology (MEDTECH) Master Plan aims to provide guidance for the public and private sectors to dedicate resources and time in strengthening the sector in order to place it on a growth trajectory. This process will involve developing agreements on areas for intervention, collaboration, and commitments for ongoing development and investment.
One of the objectives of the plan is to grow a competitive medical technology industry over the next three years, with special focus on the development of small to medium enterprises that will eventually supply domestic and international markets.
The MEDTECH industry in South Africa has been identified as a potentially important contributor to economic growth and employment, whilst simultaneously enabling an improvement in health provision and quality of life for the South African population.
The industry is diverse using various materials to produce a variety of products such as metals (titanium-based implants), chemicals (disinfectants), textiles (bandages and dressings), plastics (catheters, IV administration sets), wood (tongue depressors) and chemicals/minerals/plants that go into manufacture of wound products. The industry gained prominence during the COVID-19 pandemic as South African manufacturers tooled up to meet the growing need for medical devices.
South Africa is one of the largest MEDTECH markets across Africa and the Middle East, estimated at R21 billion in 2021 and is projected to grow to R29.6 billion by 2025.
RSVPs should be forwarded to Mamosa Dikeledi via WhatsApp on 066 3019875 or e-mail: MDikeledi@thedtic.gov.za
Enquiries:
Bongani Lukhele – Director: Media Relations
Tel: (012) 394 1643
Mobile: 079 5083 457
WhatsApp: 074 2998 512
E-mail: BLukhele@thedtic.gov.za
