Making in India

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Medical Devices: Making in India 

A Leap for Indian Healthcare

The medical devices sector has also grown considerably during this period and plays a critical role at each stage of the healthcare continuum. The current demand and supply side dynamics provide a significant opportunity and rationale for manufacturing medical devices in India.

It is in this context that Deloitte and NATHEALTH partnered to undertake a study to map the current landscape and role of the medical devices industry and identify the key constraints and imperatives to leverage the ‘Make in India’ opportunity.

Medical Devices - Making in India

The Indian Healthcare industry is on a high growth trajectory having evolved significantly in the last decade. However, healthcare provision remains inequitable and challenges in access to quality, affordable healthcare persist in large parts of the country.

The medical devices sector has also grown considerable during this period and plays a critical role at each stage of the healthcare continuum. Although it has been instrumental in improving access and affordability of healthcare services, a number of ecosystem constraints have led to a high dependence on imports for addressing domestic demand.

The current demand and supply side dynamics provide a significant opportunity and rationale for manufacturing medical devices in India. The Government of India’s “Make in India” initiative presents a platform for the sector to revisit the operating model, identify key imperatives for growth and explore possibilities for creating a step change in the medical devices sector.

It is in this context that NATHEALTH and Deloitte partnered to undertake a study to map the current landscape and role of the medical devices industry and identify the key constraints and imperatives to leverage the “Make in India” opportunity.

This report is an outcome of extensive research and several rounds of deliberations with stakeholders across the government and healthcare industry. We hope that it will form the basis for continued discussion and appropriate action to support the growth of the medical devices industry and facilitate the move to a healthier India.

 

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