At Medtech, we endeavor to provide more affordable, accessible, and qualitative healthcare. Our goal is to serve every mother and child, old and young with high-quality affordable medical products. Our aim is to provide medical products to healthcare workers who work with passion and compassion to give comfort and healthcare to patients. Our vision is in resonance with commitment of our prime minister and health minister to transform Indian healthcare to the masses.
Despite being an important area, healthcare remains in low-priority list of political parties. In India, healthcare expenditure by the government remains approximately 1.5 percent of GDP, whereas developed countries spend over 9 percent to 17 percent of GDP on healthcare. Private healthcare continues to ignore masses as it is expensive, and venture capitalists and private equity funds are not investing in Tier-II/III towns. However private healthcare insurance and government schemes have benefited lower-income class of people.
We are more dependent on import of medical devices, which makes healthcare services more expensive and unaffordable for common people. We must continue to innovate and find new economical and affordable solutions keeping in mind patients’ needs. However, to achieve this, we need great understanding and support from our bureaucratic government system. They should be more practical and amiable with the industry. There must be an active and efficient neutral forum to understand problems and challenges of the industry and to represent the same to the government and get positive outcome for development of new import substitutes to make Indian healthcare system more affordable to the common man.
Wishing to be your trusted healthcare partner.