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2018: INDUSTRY RE-STRATEGISES BUSINESS PLANS
India is increasingly gaining the much-needed Government focus on expanding affordable health care. This year, India took a giant leap towards providing accessible and affordable healthcare to the common man with the launch of Ayushman Bharat in September, 2018. In parallel, the Government remains committed to establishing India as a global manufacturing hub for medical devices with this sector expected to increase significantly. The new medical device rules which came into force from January 2018 has finally given the medical devices and in-vitro diagnostic devices (IVD) industry a distinctive regulatory identity. Scientific development in India is definitely contributing immensely to improved healthcare, improved devices, diagnostics and much more. Hence companies are re-strategising their business plans appropriately to make difference to the consumers.