Sachidanand Upadhyay, MD, Lord's Mark Industries Limited
In an exclusive interview with India Pharma Outlook, Sachidanand shared his insights on emerging technological advancements and their transformative impacts in bridging gaps through POCT diagnostics. Sachidanand, a business professional with over two decades of experience, possesses skills in business management, healthcare, and leadership.
The healthcare landscape in India is now experiencing a substantial shift, fuelled mostly by technological advances in diagnostics. Point-of-care testing (POCT) has emerged as a driving force in this transformation, offering speedy on-the-spot diagnostic solutions that are transforming healthcare delivery across the country. These innovations are having a tangible influence on both urban and rural communities, promising to close the gap between healthcare demand and accessibility. India's diagnostics sector is expanding rapidly, owing to rising demand for high-quality diagnostic services and the incidence of chronic and infectious illnesses. The market is expected to grow from $9.8 billion in 2020 to $22.7 billion in 2025, reflecting an 18.4% compound annual growth rate (CAGR). Nonetheless, significant gaps in service delivery remain, particularly in rural and semi-urban regions, giving several potentials for expansion and standardization.
The Rise of Point-of-Care Testing (POCT)
POCT has received a lot of attention for its potential to give quick and easy access to vital diagnostic information. Portable gadgets and at-home testing kits are gaining popularity, providing answers for a wide range of health issues, from glucose monitoring to infectious disease testing. Following the pandemic, demand for diagnostic testing for home use has increased, spreading beyond urban regions to tier 2 and tier 3 cities. This trend emphasizes the rising need to democratize diagnostic access, ensuring that people of all ages and backgrounds may benefit from timely medical care.
Advantages of POC Diagnostics
POC diagnostics provide several advantages. To begin with, because of their mobility and rapid return time, these devices are extremely accessible, especially in distant or resource-constrained environments. Second, they provide a cost-effective alternative to traditional clinical diagnostic techniques, making healthcare more inexpensive and environmentally friendly. Third, the short turnaround time provided by POC testing allows for speedier diagnosis and treatment, which is critical for improving patient outcomes.
Challenges and Barriers
Despite its potential, the broad use of POC diagnostics in India confronts a number of challenges. A large resource gap in healthcare infrastructure and innovations impedes the scaling of these devices. Furthermore, the scarcity of educated healthcare professionals authorized to perform POC diagnosis and administer therapy stymies development. Effective coordination between care providers and patients is also required for the successful integration of POC diagnostics into the healthcare system.
Growth and Development
However, these difficulties present chances for growth and development. The market for point-of-care (POC) diagnostics in India is expected to increase rapidly, owing to innovations such as artificial intelligence (AI) and the Internet of Things. Indigenous quick point-of-care assays with increased sensitivity and specificity show potential for closing the resource gap and improving diagnostic capability. Furthermore, developing software and algorithms for interpreting test findings can improve the value of point-of-care devices, allowing healthcare providers to make better-informed decisions.
Future Prospects
Looking ahead, the possibilities for point-of-care diagnostics in India are good. As healthcare costs and life expectancy increases, there will be a greater demand for accessible and affordable diagnostic options. Rising income levels and knowledge of preventative testing are likely to drive up demand, especially in underprivileged areas. Furthermore, technological breakthroughs like as AI and IoT will drive industry innovation, making POC diagnostics more precise and efficient than ever before.
Finally, point-of-care diagnostics have the potential to transform healthcare in India by providing a path to increased access, cost, and treatment quality. By solving implementation issues and impediments and leveraging technology breakthroughs, we may realize the full promise of POC diagnostics, altering the healthcare landscape for future generations. As we welcome these advancements, let us maintain our commitment to guaranteeing fair access to healthcare for all, regardless of geography or socioeconomic background.