India to import key medical products from China

Indian ventilators market is expected to grow at a CAGR of 4.8% through 2025

Photo - zerohedge

With the demand of key medical items such as ventilators, N95 masks and personal protective equipment (PPE) surging following the rise of the number of coronavirus (Covid-19) cases, the Indian Government has reached out to China to restore the supply of these devices and vital components required for manufacturing. The shortage of medical equipment is going to be the biggest challenge though the Government has already banned the export of these devices with immediate effect, says GlobalData.

GlobalData’s research reveals that the Indian ventilators market, which accounted for around 12% of the Asia-Pacific (APAC) ventilators market in 2019, is expected to grow at a compound annual growth rate (CAGR) of 4.8% through 2025.

Currently, India’s public health spending on the gross domestic product (GDP) is amongst the lowest in the world. India has a poor health infrastructure with fewer intensive care beds, and ventilators and most of them are based in large cities. Private healthcare facilities are better equipped but expensive and are non-accessible to a majority of the population.

Rohit Anand, medical devices analyst at GlobalData, comments, “Since the supply chain was severely impacted amid the Covid-19 outbreak, restoring supplies with China will reduce some pressure. As the number of cases are expected to rise, India would like to ramp up the supply and production of ventilators, N95 masks, and other devices needed to treat Covid-19 patients and the Government would like to manufacture these products indigenously to keep the prices under control.”

Anand concludes, “India at this stage also needs a large number of makeshift hospitals and isolation units to treat Covid-19 patients as the existing healthcare facilities will not be enough if the number of patients surge in a pattern similar to Europe and the US. The Government may consider railway coaches to create such facilities as the country is well connected through railway network and such a facility can be moved to even the remote parts of India in the case of a possible outbreak.”

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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