INNOVATION & DEVELOPMENT IN MEDICAL PLASTICS/ DEVICES &
PHARMA PACKING
CORONA VIRUS (Covid- 19) & Medical
Devices
Now if we discuss about the current
situation of Covid -19, polymeric material played a
very big role to protect & diagnose the disease.
Medical industries had developed various devices
during pandemic, Covid-19. These are-
• PPE kits, N-95 masks made by PP (polypropylene)
plastics.
• Ventilator circuit made by PP. Nebulisers
• Testing swabs made by polyester polymer.
• Protection hood made by acrylic plastics.
• Covid key helped in preventing spread of virus made
by ABS.
Covid-19 has opened up new opportunities for medical
device industres in India, among others. India’s
healthcare industry looks set for high growth momentum
in the near future.
The list of plastic materials in Hospitals is
almost endless...
Global Demand (Medical polymer)
Global demand for medical polymers reached nearly $280
billion in 2019 and this demand is expected to exceed
$410 billion by 2023.
Indian Medical Device Scenarios
In current scenario, there is an immense need to use
medical devices effectively to address the huge gap
between demand and supply of healthcare services in
India. The medical devices sector in India is at a
nascent stage with most of the indigenous
manufacturing restricted to medical consumables. In
true sense, imports still constitute over 75% of the
current medical devices market from countries such as
China, US, Germany, etc.
Key Driving Factors of the Medical Device Industry
How Government is boosting Medical Industry in
India through MAKE IN INDIA
The Indian Government has identified the medical
devices as a priority sector for the flagship 'Make in
India' program and is committed to strengthen the
manufacturing ecosystem.
The Government has launched a Production Linked
Incentives Scheme (PLI) for Medical Devices
manufacturing that envisage financial incentives to
boost domestic manufacturing in medical devices
segments.
Production Linked Incentives to the tune of INR 3,420
Crore under the scheme for the period 2020-21 to
2027-28. This Scheme is set to reduce the 80% import
dependency of Medical Devices in India .
It will also help to generate enough production
capacity and plan to turn the table from Net Importer
to Net Exporter of the Medical Devices.
Concluding in true sense Make In India in
reality .
PLASTICS & FUTURE
Looking ahead, there is much that plastics can
contribute to Medical Treatment with much more
potential to revolutionise. Considering the speed of
technological advancements a change is increasing
exponentially such that life in 2030 will be
unrecognizable compared with life today; plastics will
play a significant role in this change.
Third generation engineering polymers have the
potential to bring scientific and medical advancement
to alleviate suffering and provide better quality of
healthcare environment. For instance, plastics are
likely to play an increasing role in medical
applications, including highly tissue and organ
transplants. |