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.