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We are upbeat on 2021

Today, we all are recovering from an unprecedented pandemic, that has had an unfavourable impact on the country’s economy and its healthcare system. COVID-19 has presented a humanitarian crisis like no other, with huge population infected by the virus and tens of thousands of lives lost. Indeed, the speed and depth of disruption due to the pandemic has created unprecedented challenges for societies and economies across the world. This is especially clear on the frontlines of healthcare delivery. As infections spread around the world, health systems have redirected substantial resources to COVID-19 response efforts.

To thrive in a post-COVID environment, moving forward, we are taking a more nuanced approach to achieving long-term growth. Already, the landscape is changing rapidly. Where physicians interact with patients, healthcare providers are reassessing how they deliver care.

The medical devices industry is also being affected by the dramatic drop in elective medical procedures, many of which have been postponed, and even cancelled, so that hospitals focus resources on treating COVID-19 patients. In fact, a 60–80 percent decline in elective procedures in the second quarter of 2020, and a 40–50 percent decline in the third quarter has been observed.

Road ahead
India is a land full of opportunities for the medical devices industry. India has also become one of the leading destinations for high-end healthcare services with huge capital investment needed for advanced facilities. Besides, the citizens at large have become more aware toward their healthcare upkeep.

The Indian healthcare sector is diversified and offers a lot of opportunities in every segment, including providers, payers and medical technology. The Government of India is planning to increase public health spending to 2.5 percent of the country’s GDP by 2025. This will bring huge improvement in healthcare infrastructure and opportunity for medical devices industry.
Currently, the Nihon Kohden Group is focused on providing as much of the medical equipment needed at the forefront of medical care, such as patient monitors and ventilators, as possible, by increasing production at the Tomioka Production Center and elsewhere. We have taken care to contribute to maintaining the ability of healthcare systems to function in this unprecedented situation, and to continue accepting COVID-19 patients, by providing medical equipment and services that have been subjected to the strictest infection prevention measures.

We know that medical workers everywhere are risking their lives to save as many patients as possible, and feel sorry for the burden of strain and worry that this places on them and their families. We would like to express our respect for all medical workers who are working on at the frontline of the COVID-19 fight, and assure that Nihon Kohden will continue to make it a priority to support you.

At our end, Nihon Kohden India has been closely monitoring all the necessary activities on a daily basis and timely updating its whole staff and plant to maintain all the necessary and precautionary measures to avoid any such crises. We are a medical equipment company and own a social responsibility toward HealthCare industry. We have taken great care to provide our best services and support in fighting with deadly COVID-19.

We are looking forward to this year on a positive note. And confident, that the medical community will bounce back in 2021.

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