On March 11, the World Health Organization pronounced COVID-19 as a worldwide pandemic, inciting the shutdown of quite a bit of socialized life. Often people hold a very Standard way of thinking that medical devices organizations are generally protected from financial interruption because of the consistent interest for clinical items and systems during this Covid pandemic . However a careful review shows the considerable number of issues related with the pandemic shows that COVID-19 will have various short-, mid-, and long term impacts on the clinical gadget industry. Organizations that work consistently in the flexibly chain ought to hope to see the development of more grounded, all the more moderately financed, multi-site providers as a drawn out result of the pandemic.
Seeing the increasing demand for products such as face mask , shield and other Covid related products , India has raised up the production of Covid-19 protective gears and medical equipment, giving a boost to its fight against novel coronavirus and reducing dependency on foreign countries for these items which are in high demand globally due to the pandemic. Prior to this pandemic , there was no local manufacturers of PPE kits in the nation and practically every one of them were imported. Presently, we have 111 indigenous producers. PPE kits creation limit has expanded so much that it has become a Rs 7,000-crore industry in India, the greatest after China,” reported by the sources . As indicated by the sources , the current residential creation of PPEs kit every day is around 1.87 lakh units. Not only this sources also says that production of medical equipments has been increased from 12.23 crore to 30 crore per month”.
Negative impact of Covid on medical manufacturing industries of india
India imports an wide variety of consumables, disposables and capital hardware including orthopedic inserts, gloves, needles, gauzes, processed tomography and attractive reverberation imaging gadgets from China.
The huge reliance of the Indian clinical gadgets industry on China for raw materials and electronic segments have caused a lot of problem to the medical device industry .
“Presently, clinical gadget makers across India are attempting to get significant raw materials and electronic parts from Chinese manufacturing plants, which were closed for quite a long time to contain the coronavirus flare-up. Indeed, even as a portion of the plants have opened up, deficiencies of some basic electronic parts and raw materials still exist despite everything continues . Over the last few decades , the shortage has started impacting the margins and profitability of Indian companies importing medical devices and small components to manufacture finished products. To overcome this situation , The Indian government is about to take several measures to reduce dependency on China as it may take longer for the country to come out of this threat. On the other hand, this could be an opportunity for India to become a hub of global medical device manufacturing.
WRITTEN BY – LAKSHAY NAGPAL