Healthcare Sector in India

-
Healthcare as an industry in India has seen exponential growth over the past years. The same is affected by factors like increased life quality, demographics, and public awareness for proper medical care. However, the sector's growth is limited because of its reach, cost, and quality. Therefore, it is the need of the hour for the healthcare sector to focus on the three lags to make a global impact outside its archived efforts to combat the same.India's healthcare sector must also keep in mind that it is growing competition and must choose a stable industry path.

Make in India Initiative

The Government of India has undertaken several steps to mitigate the challenges faced by the healthcare sector. Bills, increasing foreign direct investments, and the biggest "Make in India" initiative plays a crucial role in getting India on track. The start-up, "Make in India," was implemented to adopt manufacturing in indigenous locations to increase affordability and accessibility.  


The start-up focuses on manufacturing in India itself to, in turn, improve the overall health of the population with easy access to medical care. Training and advancing human skills is one of the main objectives to operate and serve the public effectively. Make in India also seeks to comply with standardized infrastructures backed with technology for a sustainable future. 


Here are some of the main aspects of the Make in India initiative:


  • Establishing an innovative way of developing human resources and skills.

  • Identifying and establishing a market for medical instruments, appliances, surgical equipment, blood pressure kit, scanning apparatus, and other products.

  • Understanding the nature of importing and exporting and considering the same in the manufacturing process. Learning from established manufacturers is a good step for obtaining expert guidance.

  • Interacting with notable stakeholders is needed to get practical inputs on streamlining the medical care sector.

  • Framing policies and regulations to strengthen the healthcare sector.

  • Ensuring transparency with all stakeholders is vital for communication.


Conclusion

Today, India is still highly dependent on imported medical devices. However, indigenous manufactures are making small shifts in adding to bridge the gap between India's healthcare sector and the global market.


Read Deloitte article on Medical Device making in India

https://www2.deloitte.com/in/en/pages/life-sciences-and-healthcare/articles/medical-devices-making-in-india.html



Location: India

Comments

Post a Comment

Popular posts from this blog

How is AI used in risk management?

-
  Generative AI is the game-changer, marking the culmination of Internet search capabilities and promising to revolutionize various aspects of our daily lives and work.Generative AI enables creators and forms the foundation of innovation by generating data that simulates a genuine “real-feel” data experience. Gen-AI tools are used for creating content including audio, code, images, text, simulations and videos that give real-feel sense just like human-created artifacts. More than being a companion to creators, it has practical uses too, like creating new product designs and optimizing business processes. While similar claims have been made about AI in the past, the latest applications of generative AI continue to generate excitement. But there is no replica to human intelligence, therefore we should responsibly use generative AI. This piece of information will shed light on the concerns pertaining with Generative AI models: Challenges Faced in Generative AI in Risk Management
Read more

Deloitte’s Strategy Consulting Services Help Clients to Achieve Major Breakthrough in Business

-
   At Deloitte, experts serve as trusted advisers, helping their clients achieve breakthrough value by developing integrated strategies to win in their chosen markets. They architect data driven programmes that transform our clients’ businesses. The three important services or tools that help in achieving the success are:  Strategy & Business Design The team works with chief executives and their teams to catalyze enterprise-wide, strategy-led transformation to realize full business value, leveraging deep perspectives about customers, technology evolution and disruption, sector-blurring ecosystems, and changing sources of competitive advantage. The experts work alongside clients to create effective corporate and business unit strategies and secure alignment across the enterprise. When senior executives face conflicting mandates of developing long-term strategies while delivering short-term results, the team work together to design and deliver integrated and accelerated growth progra
Read more

Impact of Digital Transformation on Banking Sectors in India

-
Image
Almost every sector has been facing a new era of the latest trend of digitalization. Hardly anybody would argue about the power that digitalization holds and how it has shaped the global economy.  Digitalization is the use of technologies that can enhance a business model by providing newer value-driven opportunities and added revenue. Around the world, technology has been advancing at a rapid rate over the past few decades.  Technology has made its impact on anything and everything possible and you can now see it in every sector around you, including banking. Banks across the world and the banking sector in India have taken a tremendous step towards a digital transformation. This step has not only helped match the competition but also in giving their clients the best service.  Digital Transformation in Banking Sectors. Digital Transformation in Banking Sector in India Digital transformation as you know is a cultural and operational shift toward the integration of digital technology. I
Read more