Topic: Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources. Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology
3) Medical Devices Industry (MDI) plays a critical role in the healthcare ecosystem and is indispensable to achieve the goal of health for all citizens of the country. Discuss.(250 words)
Why this question:
The Medical Devices Industry (MDI) plays a critical role in the healthcare ecosystem and is indispensable to achieve the goal of health for all citizens of the country. The manufacturing and trade in MDI is growing steadily which includes a wide range of products. Although the industry has been growing in double digits but is predominantly import-driven with imports accounting for over 65% of the domestic market.
Key demand of the question:
The answer must discuss in detail the significance of Medical Devices Industry (MDI) in the health sector of the country.
Directive:
Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.
Structure of the answer:
Introduction:
Provide for an overview of medical device industry.
Body:
Brief upon few relevant facts – medical devices industry in India consists of large multinationals, with extensive service networks, as well as small and medium enterprises (SMEs). The current market size of the medical devices industry in India is estimated to be $ 5.2 bn.
Discuss how it is a sunrise sector, bring out its possible potential that is yet to be realized, what are the various govt. initiatives that are required to be taken.
Conclusion:
Conclude with way forward.
