NATHEALTH asks for separate regulations for medical devices
NATHEALTH, Healthcare Federation of India, an apex body for the healthcare sector partnered with Deloitte to present imperatives and develop recommendations for actualizing 'Make in India' for the medical devices industry and released 'Code of Ethics' in collaboration with Indian Medical Association (IMA).
"The healthcare sector is expected to reach $145 billion by 2018 and over $280 billion by 2025. Though India's healthcare sector has evolved significantly in the last decade, challenges exist in providing access to quality healthcare in the country," said Mr Anjan Bose, secretary general, NATHEALTH.
"Lower financing and expenditure on healthcare, inadequate healthcare infrastructure and dual diseases burden are key challenges faced by the sector," added Mr Bose.
Medical technology cost in setting up a tertiary care hospital amounts to 30-40 percent. Cost of medical technology/equipment/devices is 20-25 percent of total healthcare cost for a patient.
"Given the increasing demand for healthcare and the critical role of medical devices in providing affordable and accessible health, the time is right to align the eco system to view medical devices as a strategic driver. The 'Make in India' initiative is the perfect opportunity to create a step change in Indian healthcare and especially in the medical devices industry," said Ms Charu Sehgal, partner and Life Sciences and Healthcare Leader, Deloitte India.