| | JULY 20168Consultants ReviewBy Mohit Bajaj, Director Marketing, SISCO Surgical Instruments Pvt Ltd, SISCO Latex Pvt Ltd.T o say the pharmaceutical industry dwarfs its younger brother the medical devices sector would be a massive understatement. India, the land of pills has embraced allopathy with open arms for many years. But it is the other hidden dark horse, the sleeping giant which has often gone unnoticed year after year and budget after budget. The medical devices industry was expected to grow leaps and bounds with the mass emergence of corporate hospitals but regulations, poor management and rising costs of manufacturing and supply has deterred it reaching its expected heights. An Overview of the Medical Devices Sector in IndiaSISCO Surgical Instruments Pvt Ltd offers world class open surgery insruments with a presence across India. SISCO Latex Pvt Ltd manufactures latex foley catheters and exports them to over 54 countries.IN MY OPINIONThe winds of change are here. India has finally emerged as a quality centric hub for medical devices and through all the right certifications there has been a paradigm shift in the image and purchase of medical products in the global and Indian sector. Well established brands are now heavily investing in research and development along with cost cutting measures to offer a high quality product at a very affordable price. Furthermore the separation from the poor image of China has allowed Indian medical products to now OEM manufacture for most leading European and American brands. Not forgetting our own the Indian medical devices manufacturing association has tied up with the Indian regulation authorities to form an Indian "FDA" which restricts the mass import of unregulated medical devices into India. This prevents dumping of goods and safeguards the local industry while still offering high end quality medical products. These stringent laws have given hope to the various small and medium scale medical device manufacturers to invest further and develop their product range.Perhaps the biggest advantage of this all has been the entry of the multinationals which have made India India has finally emerged as a quality centric hub for medical devices and through all the right certifications there has been a paradigm shift in the image and purchase of medical products in the global and Indian sector
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