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.
While the Make in India initiative is directionally right, its impact on improving access to affordable quality healthcare depends on how it is framed, developed and implemented over the next few months. A ‘step change’ is possible through collaborative transformation, with key levers being suitable policy initiatives, focus on fostering local innovation and making India a global hub for medical device manufacturing.