Category — Healthcare

Dentistry In India Grows at 20 Percent Annually

In an interview with ETHealthworld, Dr. Ratnadeep Patil, CEO and Managing Director of Smile Care Expert Dental Center discussed trends in the dentistry sector in India.

Lightly edited excerpts from the discussion:

On the Indian dental market today: Dr. Patil said that India as well as China were the fastest growing dental markets. The overall market size of the Indian dental market is approximately $2 billion, with a market growth rate of 20% annually. This growth is driven by rising incomes of current dental consumers, better availability of services and a larger population that can afford dental services.

On automation in dentistry practiced in India: Dr. Patil said that automation is not new and has been around in India for the past 10-15 years. But, within the last five years, there is a positive trend towards computer-aided design in dentistry. The advent of cone-beam CT scans, which are specifically developed for dental purposes, have enabled many surgeries such as implant or bone grafting. With the help of these new technologies, “we can also now design some prosthetics or replace some missing portions of the teeth and jaw bones.”

x-ray image of the jaw

On how these new technologies will affect dentistry in India: Dr. Patil noted that the new trends are well-received by patients, but patient affordability, is a major challenge. The learning curve to adapt and incorporate new technologies could be steep for older generations of dentists. Dental practitioners will need to revisit their patient protocols as well as look at using technology to reduce time and get more precision.

Dr. Patil said, “Automation is expensive,  especially when it is innovative and new, since it is often imported, and this high cost makes its adoption challenging. I think manufacturing of these new technologies locally will change how India will adopt these in the future.”

 

November 14, 2017   No Comments

Health Consciousness in India Boosts Dietary Supplements Market

BillionFit: Technology Redesigning Healthcare a joint study by Kalaari Capital and accounting and advisory firm Grant Thornton says that with India’s consumers now invested in healthier lifestyles, the fitness technology segment will double to $250 million by 2023. Wearable fitness devices such as fitness trackers, and smart technology such as smart shoes, stride sensors, and clothes integrated with  wearable technology will account for 90% of this projected growth.

Additionally, this awareness for good health will boost India’s dietary supplements market which is projected to expand at an estimated compound annual growth rate of 12% over the next four to five years. Online retailers such as Healthkart, Amazon, Medisys and Neulife are increasing their stocks of ‘super’ foods and supplements.

Wellness

Nutraingredients-asia quotes Vrinda Mathur partner at Grant Thornton who says, “The global realm of healthcare has radically shifted from ‘detect and manage’ to ‘predict and prevent.’ This change in mindset, combined with the rapid technological and socio-political impetus on improving health, is resulting in a fitness and health boom across the world.”

October 29, 2017   No Comments

U.S. to India: Revise Stance on Capping Med Device Prices

The Government of India has limited retail prices of medical devices such as knee implants and heart stents by up to 75 percent to make them more affordable, but the $5 billion Indian medical-technology industry that includes Abbott Laboratories, Boston Scientific Corp, and Johnson & Johnson, among others, has protested these moves, saying they hurt innovation, and future investment.

SYNERGY StentReuters reports that a senior United States Trade Representative official said they were pressing India to not extend price caps to other devices, allow for higher pricing for technologically advanced equipment, and let companies withdraw their products if they wish to.

With margins of profit exceeding 400 percent for some devices, the government has equated such high margins to ‘illegal profiteering’, and Prime Minister Modi says that providing affordable healthcare to patients takes precedence over the interests of companies.

Tanoubi Ngangom, an associate fellow for healthcare at the Observer Research Foundation based in New Delhi, says India should develop policies based on its requirements and not succumb to diplomatic pressure.

October 8, 2017   No Comments

India is now IBM’s largest Center for Employment

IBM‘s biggest pool of employees is in India where it employs 130,000 people, or one-third of its total workforce, which is more than the number of people it employs in the U.S., per a report in The New York Times.

IBM LogoBoth low-level and high-level jobs are assigned to India. Core operations, as well as a major part of IBM’s research is also carried out in the country. Watson AI technology that was developed in India last year, currently helps fashion designers roll out unique clothes, reports Money Control. IBM partners with Manipal Hospitals in Bangalore where treatment for cancer is done using Watson. Doctors from New York’s Memorial Sloan Kettering Cancer Center offer recommendations for the best treatment.

The company is now searching for the next crucial market in the country: the lower-income segment in India who have largely been overlooked by the tech revolution.

 

September 30, 2017   No Comments

Global Entrepreneurship Summit Will Showcase U.S.-India Partnership

U.S. Commerce Secretary Wilbur Ross said that the Global Entrepreneurship Summit to be held in Hyderabad, India, will be another demonstration on how India and the U.S. can work together to advance the digital economy and entrepreneurial skills of their citizens.

To be hosted jointly by India and the U.S. from November 28-30 this year, the theme of this Summit is “Women First, Prosperity for all” and it will focus on supporting women entrepreneurs and fostering economic growth globally. Ivanka Trump will lead the United States delegation to the Summit, reports India Today.

GES Logo

India’s ambassador to the U.S., Navtej Sarna said, “The focus of the summit will be on four key areas: energy and infrastructure, health care and life sciences, financial technology and the digital economy and media and entertainment. This is the first time GES will be hosted in South Asia.”

GES will help participating U.S. companies better understand how to play a role in India’s new business start-up culture, said Alice Wells, Acting Secretary of State for South and Central Asia.

September 22, 2017   No Comments