The medical device industry is a heterogeneous, innovative, and dynamic sector. The global market for medical devices is huge, and it will continue showing a significant growth in the future.
The analysis has shown that the “BRIC” countries of Brazil, Russia, India, and China will be those markets that have the most rapidly growing demand for medical devices. Growth of health care in other parts of the world such as Eastern Europe, the Middle East, and Africa will follow.
The global medical devices (MD) market will see a steady growth over the coming years with the sales revenue and international trade value reaching $543.9 billion and $289.2 billion respectively by 2020 driven by aging population, increasing healthcare expenditure and technology advancement. The global medical devices (MD) market will see a steady growth over the coming years with the sales revenue and international trade value reaching $543.9 billion and $289.2 billion respectively by 2020 driven by aging population, increasing healthcare expenditure and technology advancement.
However, Medical device industry is quite broad on its own. The manufacturers must clarify their target markets. They must also comply with the regulations of their target markets. For example, a medical device that has been approved by the US FDA may not be able to enter the market in China without the CFDA’s (The China Food and Drug Administration) approval, even though it has undertaken the most stringent procedures in the world mandated by the US FDA.
The analysis has shown that the “BRIC” countries of Brazil, Russia, India, and China will be those markets that have the most rapidly growing demand for medical devices. Growth of health care in other parts of the world such as Eastern Europe, the Middle East, and Africa will follow.
Scope of Johari Digital in growing global medical device industry
Medical device industry has always been an evolving landscape of opportunities’ & challenges. Johari Digital, being a medical device manufacturer, has set following benchmarks with its expertise and experience of 40 years:
HI-Tech Solutions
Increase in adoption of technological upgrades and more skilled healthcare professionals has always been our main focus drive to serve our customers globally. And we are fortunate enough that our technology is accepted & praised worldwide.
Cost Effective
Survival depends on cost factor & Johari Digital has always proved to be a cost effective supplier for medical devices with hi – end technology. We provide products with minimum cost so that we can give a positive impact on life of all.
MAKE IN INDIA
It was always a parable for us to manufacture and supply our products worldwide & we have done it successfully by making a strong position in US market that is already flooded with hi-tech technology.
Adequate Regulatory & Compliance System
We were the first Indian company to acquire US FDA 510K certification & to have US FDA GMP, BIS and ISO 13485:2016 audited facility.
The ‘ZERO’ Mission
We always ensured zero pollution, zero errors & zero accidents in our facility. Thus manufacturing customer & environmental friendly products.
Research & Development
Our R&D is DSIR recognized by the government of India. Our Innovation Centre is in Servia. Our R&D team is really creative & innovative & this is the reason for our tagline “Delivering creativity & innovation”
IN HOUSE MANUFACTURING
We have state-of-the-art Class 100,000 clean rooms electronics PCB assembly. Even after so much development there are still a very few companies in India who have their in-house manufacturing unit & that too government certified & audited.
SUPPLY CHAIN MANAGEMENT SYSTEM
We have a well-structured supply chain management system, pre-dispatch inspection process, standard packing & packaging with proper distribution and standard logistic facility to reach globally.
We are undergoing significant changes for the better and will continue to do so in the foreseeable future. From both regulatory and domestic innovations perspective, recent changes in this sector, especially with the government’s focus on the ‘Make in India’ campaign, will cause a shift in the industry’s structure, conduct, and performance. Manufacturing will get more organized and international companies will assess our plans to manufacture in India in selected product segments due to harmonized global standards. The increase in testing labs, clinical trials and certifications improved R&D and eventually more customized products for the global market will emerge from our outlet in the growing era of medical device.