Mumbai: The severe shortages of semiconductor chips will now be about where it hurts – critical life-saving devices and the Medtech industry.
Customized uncertainty and supply disruptions from global chips have caused a price increase in certain devices, with several stock facing throughout the country.
But more importantly, the lack of now threatens the availability of hundreds of critical treatments that are chip-powered and ICU devices including ventilators, defibrillators, imaging machines, glucose, ECG, blood pressure monitors and pacemaker.
At the end of the year, the impact on shares can get worse, and the overall price is expected to rise as high as 20%, said Medtech player to Ti.
So far, the spotlight has had the impact of chip shortages in consumer sectors, consumers such as cars and electronics.
Already, the lead time in making chips has soared from four to eight weeks earlier to 30-40 weeks now and, in certain components, even 100 weeks.
This has disrupted the manufacturer’s delivery schedule, which leads to a large delay.
At present, we can manage requests and hold the price of the device.
However, uncertainty, acute growth and disadvantages can hit us at the end of the year when there are existing microprocessor chip shares can run out, “said Sunil Khurana, CEO & MD from BPL Medical Technologies, which sells anesthesia machines, patient monitors and ICU ventilators.
For example, the market has run out of devices such as patient monitors, defibrillators and ECGs that use touch screens.
The chips are sourced from domestic vendors that import this from China, Japan, Taiwan and the US.
“This industry has been sensitive to the center several times since 2012 about the need to build our semiconductor fabrication factory Being truly ‘Atma Nirbhar’ in Electronics and Medtech.
In the mid-’90s, we have a strong and vibrant computer hardware sector.
Afterwards, it was ignored.
We were discovered while China had a clear strategy that could be executed.
It’s time to see this with priority.
If we don’t have time to create, we can be blindly copying the Chinese hardware model.
It’s too late but it’s still possible to become a ‘Nirbhar Atma’ that is sufficient in 10 years if there are separate ministries for independence and non-political expert panels, “said Vishwaprasad Alva, MD from Skanray Technologies, a manufacturer of critical care and ICU equipment.