COVID-19 and its impact on Medical Devices

Abstract   This paper will talk about macroeconomic stability and why it is essential for the economy. It also gives insights about inflation in the Indian context and how Indian monetary policies help control and manage inflation. Finally, this paper will show how the IS-LM framework supports monetary policy and how it explains the shifts in the curve.                                                                                              (Source: Economic Times) Introduction Macroeconomic stability in the contemporary world is necessary as the governments will be eyeing a particular set of problems that they wish to tackle within a set time limit. The solutions to these issues might hinder the macroeconomic stability of the country. Thus,...

Since the onset of the coronavirus outbreak, the rise in the number of cases and mortality has thrown the medical community into a frenzy. The outbreak has spread to 200 plus countries and has resulted in one-third of the global population to be under the state of lockdown. Ever since the level of contagiousness increased, the demand for medical devices and personal protective equipment (PPE) has seen a major spike.       CDC/ Alissa Eckert The medical devices industry has not escaped the pandemic’s impact. Medical devices like ventilators and pulse-oximeters are in a global shortage and these industries are facing a very tough challenge to meet the market demand. Since there is an extremely high demand for these devices, it is a positive sign for the medical devices industry in India. The approximate market size of the industry is estimated to be $11 billion, and experts have predicted that India’s medical devices industry is poised for significant growth in the n...