This is the main industry in limelight now, not all products are in demand but those that are will show growth with price escalation. The main industry relies on long-term diseases or patients which give them steady income, like Diabetes, Cardiac, Neurology, Nephrology, Psychiatry. Where consumption of drugs is more. Instruments, equipment’s in ICU in general and other surgeries, sanitation, laundry, hospital, medical software technology is in great demand.
Here now AI (Artificial intelligence), ROBOTICS, internet of things, Diagnostics Equipments,Instruments, Devices, Xray machines, MRI, CT scan, PET scan are new upgraded versions of the technology, cloud computing, biotechnology, drug delivery systems,3D printing, sensors are useful tools.
Branches of this industry are API, Raw Material Industry, Diagnostic, Disposables, Surgical, Instrumentation, Equipment, Cold Storages, Qualified Staff, Nursing, Doctors, Etc.
Counseling, nutritionist, physiotherapist, home delivery, are going to be plying in growth
This industry is fully dependent on DOCTORS and technological innovation.
New molecules invention is slowed down, but innovation is happening in instruments, equipment’s, diagnostics, new software’s for the integration of combined industry is having a wide gap at the individual level and industry level
Cold Storage facility and transport facility, Express delivery, related to this industry is yet to be explored in India at the utmost level and should be a priority,
Registration at the national level of all these sectors and ward wise availability is very important to cater to corona type pandemics in the future, Which will ensure material availability to the nearest vicinity of patients, and vacant or shortage wards location can be highlighted for new starters in this sector in all categories of medicine.
This will bring enormous benefits and changes to human life security
The individual medical history, personal data, hospital data interconnection on a national database will have greater value in supply chain management, marketing, manufacturing, transport ETC.
Workers security norms are very strict in this industry, as per various standards like FDA, WHO_GMP, ISO 9000_2015, ISO 17025, OSHAS, etc