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7 views

lecture_healthCare

Uploaded by

raghav.dixit.12.a1.sdpsmzn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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Healthcare Marketplace

(17B1NBT732)
Prof. Indira P Sarethy
Medical Technology-
devices, diagnostics
Industries Within the Healthcare Sector
Activities ranging from research to manufacturing to facilities
management
• Drugs
• Biotechnology firms (create new drugs, devices and treatment methods).
Market value depends on regulatory approval/patents
• Major pharmaceuticals firms (manufacturing and market existing portfolio of
drugs; dependable streams of revenue)
• Makers of generic drugs
• Biopharmaceuticals
Industries Within the Healthcare Sector
Activities ranging from research to manufacturing to
facilities management

• Medical equipment
• Scalpels, forceps, bandages, gloves
• Cutting-edge research produce: Expensive, high-tech
equipment such as MRI machines and surgical robots
Industries Within the Healthcare Sector
Activities ranging from research to manufacturing to facilities
management

• Managed Healthcare
• Health insurance policies

• Healthcare Facilities
• Operate hospitals, clinics, labs, psychiatric facilities and nursing homes
Healthcare Providers
• Mixed
• Quacks
• Govt./Pvt. Doctors
• Super-speciality hospitals
• Sparse distribution
• Payment from Pocket
• Insurance
• Scheme
• BPL card holders
Overview
• CAGR of 20%
• USD 175 billion by 2020
• Focus of Make in India program
• Dominated by MNCs
• Mix of technologies – electronics, engineering, material science, IT
Segments
• Consumables & disposables – plastic syringes, IV sets, blood bags
• Domestic players, low technology needs
• Equipments & instruments – MRI, CT, US, dental drills, dental X-ray
• MNC domination
• Patient aid: hearing aids, pace makers
• Mostly sourced from abroad (US, Ireland, Singapore, China, S. Korea)
• Implants
• Mix of domestic players and MNCs
• Stents
• 70% drug eluting and bare metal stents
• USA, Europe
• Domestic ones quality issue
Existing clusters
• Gujarat: Surat (stents)
• Haryana: Consumables, dental equipment
• Delhi: MedTech innovations (Stanford India Biodesign program, Bill &
Melind gates Foundation)
• Karnataka: Insulin pens, cardiac stents & implants, PCR machines
• Tamil Nadu: Critical life support, diagnostics, ophthalmology
Growth drivers
• Demand for healthcare
• Demographics
• Lifestyle change and Shift from acute to chronic diseases
• Public awareness
• Growing income
• Increasing insurance coverage
• Increasing medical tourism
Challenges
• Low penetration: per capita medical spending of USD 3
• Lack of accessibility
• Inadequate regulatory systems
• High capital costs
• Lack of skilled resources
• Uncertain business environment
• IPR
• Medical device taxation: Inverted duty structure
Initiatives
• Medical device Parks
• Innovations
• Preferential purchase policy

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