Shuchi Nahar's Weekend Blog!

Trends to track in Healthcare Sector Wherever we look in the healthcare industry, we can find new technology being used to fight illness, develop new vaccines and medicines, and help people to live healthier lives. It is apparent that some pharmaceutical companies are starting to recognize the impact of the two major shifts: Downward pressure on pricing and the move towards prevention, diagnosis, and real cures. These changes are upsetting the established order, opening the door to new competition, and forcing companies to rethink where they play – and who they play with, requiring a growing emphasis on collaboration and partnership. Over the last two years, many tech companies have focused on applying their expertise to solve problems caused by the global pandemic. At the same time, many healthcare companies that would not necessarily have traditionally been considered tech companies have turned their attention to technology and its potential to transform the delivery of their pro

Healthcare Global Enterprise Ltd. -  India's Leading Oncology Focused Network Background Established in 1989, Healthcare Global Enterprises Limited (HCG), is present primarily in the oncology field with the largest cancer care network (with 22 cancer care centers as of December 2021) and three multi-specialty hospitals. It is promoted by Dr. B.S. Ajai Kumar, practicing radiation and medical oncologist with over 30 years of experience. Originally established with a single cancer care center, the Bangalore Institute of Oncology (BIO), at Bangalore by Dr. B.S. Ajai Kumar and four other oncologists, the company has rapidly expanded its presence to Ahmedabad, Chennai, Nasik, Ranchi, Rajkot, Cuttack, Hubli, Mumbai, Nagpur, Vizag, and Vijayawada, among others. The company is now present across the oncology value chain, offering services from prevention, screening, diagnosis, and treatment to rehabilitation, supportive care, and palliative care. Pursuant to the Investment Agreement enter

Hospital sector - The upcoming gem of the Healthcare Sector Twitter Handle: @shuchi_nahar India has emerged as one of the fastest-growing emerging economies over the last two decades, receiving large FDI inflows, which have grown from USD 2.5 Billion in 2000-01 to USD 50 Billion in 2020-21. The healthcare sector, in particular, has received heightened interest from investors over the last few years. In the hospital segment, the expansion of private players to Tier 2 and Tier 3 locations, beyond metropolitan cities, offers an attractive investment opportunity. According to Invest India’s Investment Grid, there are nearly 600 investment opportunities worth USD 32 Billion (INR 2.3 Lakh Crore) in the country’s hospital/medical infrastructure sub-sector. Indian Government initiatives towards development of hospital sector With respect to pharmaceuticals, India can boost domestic manufacturing, supported by recent Government schemes with performance-linked incentives, as part of the Aatm

The evolution is here -  A way towards a sustainable environment Twitter Handle: @shuchi_nahar What is Green Chemistry? Green chemistry is an emerging focus among manufacturing industries that minimizes pollution at a molecular level. Green chemistry is the design of chemical products and processes that reduce or eliminate the use or generation of hazardous substances. Companies are actively designing novel concepts to reduce the emission of hazardous substances and actively switching their production process to green chemistry. The tremendous shift towards Green Chemistry Green chemistry is an emerging focus among manufacturing industries that minimizes pollution at a molecular level. The idea is that companies can adopt new scientific processes to minimize the toll their products take on the environment. Companies are actively designing novel concepts to reduce the emission of hazardous substances. The changes can be as large as changing the entire chemistry or even as small as c

Telehealthcare - A  game changer for the Indian healthcare Twitter Handle: @shuchi_nahar In the last few decades, India has made significant advancements in the way healthcare has been delivered in the country. In the context of the COVID-19 public health emergency, the use of digital health technologies, including software as a medical device or other digital therapeutics solutions may improve mental health and well-being of patients with psychiatric conditions during periods of shelter-in-place, isolation, and quarantine. In addition, by reducing patient contact with, and proximity to, healthcare providers, can ease the burden on hospitals, other healthcare facilities, and healthcare professionals who are experiencing increased demand due to the COVID-19 public health emergency. 1. Telehealth in India The pandemic has highlighted the need to build a simplified and holistic teleconsultation platform encompassing all key stakeholders. With the current levels of adoption by the patien

Medical Device Market Size, Demand and Investments by Government to boost Growth Twitter Handle: @shuchi_nahar   Indian medical devices market stood at Rs. 77,539 crore (US$ 11 billion) in 2020. The market is expected to increase at a CAGR of 35.4% from 2020 to 2025, reaching Rs. 352,450 crore (US$ 50 billion). Moreover, it is growing at a faster annual rate of 15% than 10-12% growth was seen in the Healthcare sector in its entirety. A rise in the number of hospitals and the increased requirement for healthcare facilities creates a need for sophisticated devices and equipment, which can provide accurate treatment to individuals. The Medical Equipment industry is quite wide with > 14,000 different products types, as per the Global Medical Device Nomenclature (GMDN). The products range from wound closure pads to stents and IVD machines of medical devices. Further, it can be reasonably said that Medical Electronics is an area, where Electronics and Information Communication Technolog