Expected to grow to $50 billion by 2025 as per the Make in India sector survey, the medical device industry is experiencing a rapid expansion.
Given this exponential growth, the government has set new rules and looking at ways to regulate the industry to make healthcare more affordable across the country. This resulted into recent capping of stent prices, even as plans are afoot to regulate prices of more medical devices.
Our cover story, Medical Equipment and Diagnostics — The Affordability Factor, highlights the impact of the governments decision on the industry and how the expenditure on healthcare can be reduced to make quality healthcare accessible to all.
This issue of eHealth magazine carries the interview of Gyanesh Pandey, Chairman and Managing Director, HSCC (India) Limited, a Schedule C company under the Government of India with ongoing projects in Sri Lanka, Myanmar, Nepal, Bhutan, Afghanistan and Bangladesh, which has recently bagged a project from the Government of Mauritius to develop the entire healthcare infrastructure of that country.
Cancer has emerged as a major challenge for the healthcare industry and it is focus of a large number of research initiatives across the world. In an interview with eHealth magazine, Taher Abbasi, COO and Co-Founder, Cellworks Research India Private Limited talks about how personalised cancer care based on computer modelling of genomic testing data is changing the way cancer care is being delivered.
The October issue of the magazine carries a number of features highlighting the latest developments in Indian healthcare space. The feature, Odishas SAMPURNA: A New Beginning in Mother and Child Care, underscores how the State has set the target for complete immunisation by 2018 and further reduction of IMR and MMR through this State budget programme.
An industry article Higher GST on Medical Equipment Bad News for Healthcare Industry, opines if the patient has to be insulated from the increase in cost due to GST, the hospital has to bear the extra cost which will impact the ability of the healthcare providers to expand and reach out to more and more needy people.
Elets will organise the 3rd Annual Healthcare Summit Rajasthan in Jaipur on November 10, followed by one more summit in Chhattisgarh. These summits will take forward the agenda of our past conferences in creating a robust and quality healthcare system in India. This issue also carries the conference report of National Food and Pharma Summit, held in Ahmedabad in August. It gives an insight into the advancements being made in the two sectors as also about the important issues concerning their growth.