Page 30 - Plastics News October 2021

FEATURE

Significant Contributionby Polymer Based Disposables &Consumables

In Medical Devices

IVD / Diagnostics Sector In India: Opportunities Today & Tomorrow

The medical devices market in India ,instruments , disposables / consumables • Pipette Tips
is growing at a staggering pace & the and systemsused to diagnose and monitor • Sample and reaction Tubes, Cuvettes,
country is poised to become a global Covid – 19 , heartdisease , diabetes and micro centrifuge Tubes etc.
manufacturing hub in the medical devices all critical and non-criticalconditions is • Petri dishes, Cell Culture Dishes,
space, with 100% FDI allowance under surging . Bottles, Plates etc.
the automatic route for both brownfield The Government interventions helped • Deep-well Plates, PCR Plates,
and greenfield setups adding to its the IVD sectorscale up production Microtiter Plates, Racks, Cassettes etc.
growth & resilience. The Indian in vitro during the pandemic. This is only a partial list of products.
diagnostics market was valued at $1240 The Government of India through its These products require manufacturing
Million in 2019, and is projected to reach flagship “Make InIndia” initiative relied to strict precision and efficiency
$2060 Million by 2027, registering a heavily on the IndianManufacturers standards.It is also important that
CAGR of 7.5% from 2020 to 2027. The to meet the r ising demand. for most of the applications, the
demand in the Indian market for IVDs Governmentreleased the “Production products should beabsolutely sterile
is expected to grow in the long run, Linked Incentives (PLI)Scheme with a offered in sterile packaging. Regulatory
driven by ageing population, increasing total financial outlay of Rs 3420/- crores. norms describe theproduct and
disposable income, growing health manufacturingrequirements. These
awareness, changing attitudes towards The Medical Device Parks and PLI disposable products are elaborate
preventive healthcare, increasing lifestyle schemes areexpected to lead to a and highly varied, as units can be
diseases, POC diagnostics, and insurance generation of additionalemployment of thinwalled,transparent, and delicate or
access. 33,7501 jobs over a period of 5 years have complex shape. They require very
The Indian Manufacturers of In- according to “Invest India”. stricttolerances because of functions
Vitro Diagnostics or IVDproducts Polymer Based Disposables & Con- such as dosing accuracy, snap-in catches,
has demonstrated phenomenon sumables Play a Significant Role orseals are indispensable in diagnostics.
contributionby way of handling ForThe IVD Sector. This means, during processes like
challenges faced during COVID – Today’s IVD sector rely heavily Injection Moulding,feasibility must be
19pandemic. It included uninterrupted on Disposables / Consumables combined with high output volumeand
manufacturing,logistics, testing capacities specificallypolymer based. There are low unit costs. This requires challenges
& reporting all activities. Demand for various categories of polymer based to be facedin mould construction also.
IVD products of all kinds - reagents products used. Itincludes:

30 PLASTICS NEWS OCTOBER 2021 31 PLASTICS NEWS OCTOBER 2021