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Just Other Articles - Gurgaon The Medical Destination In The Making
Gurgaon, the satellite city of Haryana is one of the hottest cities In India today. It is hot in terms of being the investment zone, which has directly
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
influenced the real estate development of the city. With the support of liberal government policies, better infrastructure and availability of skilled p
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
rofessionals, Gurgaon is one of the prime cities in India for foreign companies to start their operations.
Major Medical Hub of India
The large
Major Medical Hub of India
The large
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
scale investments in the IT sector, BPOs, retail and hospitality has brought about a boom in Real Estate Gurgaon, consequently speeding up inves
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
tment in the residential sector to fill up the demand for living spaces for the additional workforce in the city. Moving over from being the IT and BPO
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
hub, Gurgaon is contemplating to achieve its next business-cap of being the Medical hub of India. And with developers vying in to cash on the next busin
ucts have become life saving products for the pharmaceutical companies who doesnt have many innovative molecules in their product pipeline and have been inc
ess opportunity, Gurgaon may well be the next medical destination of the country. A number of projects have already taken off with top developers such a
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
s DLF and Ansal Properties and Infrastructure (APIL) and construction majors such as Punj Lloyd among others; and if industry sources are to be believed
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
, the speed at which all these projects are on, in the next few years Gurgaon will have an estimated 3,000 beds in the premium organized private medical
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
sector.
There are also plans to have colleges for post-graduate medical teaching, nursing college and a college for paramedical staff to meet the dema
There are also plans to have colleges for post-graduate medical teaching, nursing college and a college for paramedical staff to meet the dema
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
d for workforce in the upcoming sector. Many medical units are also planning on tie-ups with foreign universities for advanced study and treatment facil
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ities. This plans if materialized would help people to have better treatment facilities in the country without going abroad. One of the significant proj
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ects in this category is Medicity, promoted by the well-known heart surgeon Dr. Naresh Trehan with a few other equity partners. The 1000-crore project w
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ill be a state-of-the-art integrated medical township and will have apart from core hospital units, a market complex and service apartments.
There are
There are
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
also a number of mega projects in the medical sector which are in the conceptualization stage. There is also a new project coming up in Gurgaon which wi
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ll offer telemedicine services to patients at minimal cost. Techno Telemedicine and Telehealthcare, the Delhi-based company has conceptualized this proj
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ect which will link15, 000 medical centers across more than ten states. The project, conceptualized on the hub and spokes model, will have an Internet h
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ub centre at Gurgaon, Haryana duly linked to Satellite Medical Centers (SMCs) spread across the country for which the Government of Haryana has already
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
granted 20 acres of land. With time and more inflow of investments in India, particularly this sector, Gurgaon will open up for more opportunitie
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
s and the real estate sector is sure to touch new dimensions with Gurgaon to be fast developing into a one-stop destination for medical tourism in India
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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