Shuchi Nahar's Weekend Blog!

Biotechnology the Natural Beauty Booster - Good for Health and Earth! Twitter Handle: @shuchi_nahar The applications of biotechnology are so extensive that, currently, almost all industries can use this technology. This means that these industries can produce new or better products faster and more efficiently. Biotech beauty technically refers to ingredients that are generated with DNA editing and the help of organisms like algae, yeast, or bacteria. Biosynthesis is a multi-step, enzyme-catalyzed process where substrates are converted into more complex products in living organisms. In the biosynthesis stage, simple compounds are modified, converted, or joined together to form macromolecules. Compounds like hyaluronic acid, squalane, and even collagen can be produced at high levels and in a completely pure and environmentally responsible way. In many ways, biotech can improve on what Mother Nature has provided through evolution. Then the building blocks of organic compounds are isola...

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 pa...

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 Techn...

India's Growth Trajectory in Chemical Sector supported by Government Initiatives Twitter Handle: @shuchi_nahar The global chemicals market is valued at around USD 4,738 billion and is expected to grow at 6.2% CAGR reaching USD 6,400 billion by 2024. The Indian chemicals market is valued at USD 166 billion (~4% share in the global chemical industry) and it is expected to reach ~USD 280-300 Bn in the next 5 years, with an anticipated growth of ~12% CAGR. The specialty chemical industry forms ~47% of the domestic chemical market, which is expected to grow at a CAGR of around 11-12% over the same period. Stronger growth lead by Government Initiatives India’s growth story was largely positive based on the strength of domestic absorption and the economy was registering a steady pace of economic growth pre-Covid. Moreover, its other macroeconomic parameters like inflation, fiscal deficit and current account balance had exhibited distinct signs of improvement. Though the pandemic has l...

Specialty Chemicals what makes them so demanding? Twitter Handle: @shuchi_nahar Specialty chemicals are particular chemical products that help in providing a variety of effects to various industries that they cater to such as textile, ink additives, construction, oil & gas, cosmetics, and food. Specialty chemicals can be single-chemical formulations or entities whose composition greatly influences the performance of the customers’ products. These chemicals are used on the basis of their function and performance. Continuous R&D in this market has facilitated the development of products with optimum and advanced features. This is one of the major factors that drive the growth of this market. With the easing of lockdown norms, there has been a good recovery in overall operations of the Indian specialty chemical sector but it’s believed that full normalcy would still take some time especially for industrial chemicals.  To seize the opportunity to establish India as a leadin...