The healthcare industry is on the brink of a transformative era, driven by technological advancements and a growing emphasis on preventive and personalized medicine. In particular, the medical technology (MedTech) and in vitro diagnostics (IVD) sectors are poised to play pivotal roles in shaping the future of healthcare. As we look ahead, envisioning the future involves navigating a landscape shaped by technological innovation, regulatory dynamics, and the pressing need for improved healthcare accessibility.
With the experience that pandemic has impacted every individual, which alarmed to consider healthcare industry to be paramount amongst all other sectors. A disease diagnosed at the right time is believed to be half-treated. Recent times have been promisingly evident that in vitro diagnostics play a major role in the healthcare industry. The recent advancement in technology promises to promote better health in the early detection and prognosis of many disease conditions, which were not diagnosed a decade ago.
In vitro diagnostics covers a wide range of parameters designed very specific to the disease, and there are a few tools developed to cover multiple parameters specific to various diseases.
Every IVD kit is developed mainly considering the below-mentioned scopes of examinations, which set a standard of examination of any disease; below are the key aspects covered to design and develop the diagnostic tools.
Clinical chemistry. Analyzing blood and other bodily fluids for chemical components to assess health.
Molecular diagnostics. Examining genetic and molecular information to diagnose and monitor diseases.
Hematology. Studying blood and blood-forming tissues for diseases, such as anemia and leukemia.
Immunology. Assessing the body’s immune system to diagnose and monitor conditions.
Microbiology. Identifying microorganisms like bacteria and viruses that cause infections.
Reagents and kits. Chemical substances and test kits used to perform diagnostic tests.
Instruments. Devices and equipment used to conduct diagnostic tests.
Data management systems. Software for recording, analyzing, and managing diagnostic data.
Regulation. The IVD industry is subject to regulatory oversight to ensure the safety and efficacy of diagnostic products. Regulatory bodies, such as the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA), set guidelines for product approval. Initiatives such as the Make in India campaign, the Medical Devices Rules, 2017, and the establishment of the National Medical Devices Promotion Council (NMDPC) are seen as catalysts for growth.
Technological advances. Ongoing technological developments, such as automation, miniaturization, and the integration of advanced technologies (like molecular biology techniques), contribute to the evolution of diagnostic tools.
Point-of-care testing (POCT). The vision extends to the widespread adoption and expansion of point-of-care testing (POCT) in the Indian healthcare landscape. Portable, easy-to-use, and providing rapid results, POCT devices are anticipated to play a crucial role in resource-limited settings. The industry envisions these devices as instrumental in enabling timely diagnoses, reducing turnaround time, and ultimately improving patient outcomes across various medical conditions.
Global market. The IVD industry has a global market, with companies ranging from large multinational corporations to smaller specialized firms. Increased collaborations among MedTech companies, research institutions, healthcare providers, and government bodies are anticipated. These collaborations are expected to foster innovation, knowledge sharing, and product development.
Disease monitoring. IVD plays a crucial role in monitoring chronic diseases, infectious diseases, and other health conditions, aiding in disease management and prevention.
Pandemics and emerging diseases. During pandemics, the IVD industry becomes particularly crucial for the rapid and widespread testing needed to identify and control the spread of infectious diseases.
AMTZ offers an extensive ecosystem that provides investment support for high-end equipment, facilitating research and development of IVD kits for innovators and manufacturers. With manufacturing units within the zone, AMTZ serves as a strategic platform for IVD kit manufacturers, offering support with statutory regulations and assistance from the policy-making body, Kalam Institute of Health Technology (KIHT). The zone encompasses various facilities, including an ICMR-approved kit validation center, biobank for kit evaluation panels, a health technology assessment team, and an animal research facility adhering to IAEC and CPCSEA guidelines. In a broader context, AMTZ serves as a comprehensive hub for IVD manufacturers, enabling them to address various needs in one centralized location, ultimately striving for global recognition.
Overall, the IVD industry is essential for early disease detection, monitoring, and management, contributing significantly to advancements in healthcare. It is a dynamic field that continues to evolve with scientific and technological advancements. It is to be considered as a priority by all the statutory bodies to meet all the unmet needs of the end users and ensure the safety, affordability, and faster development of the IVD industry in the coming era with advanced technology. The future of IVD is very lucrative in terms of demand in the market globally, and a great boon to mankind.