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The Healthcare industry in India is growing significantly.
The expenditure on healthcare will more than double by the
year 2012.
The only means to cut down costs of medical technology
products, which constitute a major component of healthcare
cost, is by manufacturing them indigenously in India.
Biomedical Technology sector positions itself in a high value
market place, but one where errors can be very expensive.
Products are highly regulated and subjected to extensive
quality controls. Incidents of device malfunctions, serious
injuries or deaths are not uncommon. Information about such
incidents not only proves to be valuable to doctors and
healthcare industry professionals, it also provides an alert
to the manufacturers for making necessary corrections in
future. |
