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Addressing the supply chain problems in the healthcare industry

May 13, 2019 / Sandeep Sharma

Recent is the time when the wave of health consciousness and awareness took place and catalyzed the healthcare industry to pull up the socks. The rise in income level, high risks of lifestyle diseases and easy accessibility of the life insurance plans have also made it a whole lot simpler for people to opt for regular health checkups and diagnostics, leading to the strong demands for affordable healthcare facilities all across the nation. With projects as influential as Ayushman Bharat and heavy capital investments in diagnostics and pharmaceutical sectors made in 2018, the growth of the healthcare industry is projected to reach $280 billion by the end of 2020.  Looking at the performance of the industry and the attractive and tremendous opportunities for both public and private healthcare delivery systems, India is all set to become the biggest hub for world-class healthcare services. However, they are largely dominated by some of the challenges, which might appear trivial at prima facie but are major roadblocks.