Ahmedabad: Gujarat Technological University (GTU) has planned a first of its kind National level PharmaThon (Pharmacy & Healthcare Hackathon) competition during 28-29 September 2019. In the unique Hackathon students from different domains viz Pharmacy, Biotech, Nursing, MBBS and allied sectors from across India will be invited to participate and represent innovative solutions to key problem definitions submitted by various Pharma/Healthcare/Biotech/Allied Sector industry/Industry Associations/Government departments and agencies, Prof.(Dr) Navin Sheth, Vice Chancellor of GTU announced.
GTU has invited problems from various Industries and government associations like as from Indian Drug Manufacturers Association (IDMA), Ayurvedic Drug Manufacturers Association (ADMA), Bulk Drug Manufacturers Association (BDMA), Drug Controller General of India (DCGI), Food & Drug Commissioner’s of all states of India, Ministry of Health, Health Department of states of India, Gujarat Chemical Association, Gujarat Ayurvedic Aushadh Manufacturers Association (GAAMA), Chemical Industry Associations, Association of Healthcare Providers India (AHPI), Healthcare Federation of India and other similar industry associations related to pharma/biotech/healthcare/allied sector industries in India, Dr. Sheth added.
GTU will organize this programme in partnership with various national and state ministry, departments, agencies, and various industry associations from across India. GTU will also, provide prize money for the most innovative problem solutions provided by any student teams.Pharma and healthcare industry in Indiacomprises of pharmaceuticals, hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, medical equipment, bulk drugs, intermediates, drug formulations, biologicals, Ayush & herbal products, surgical, etc. The industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by the public as well as private players.
India's healthcare market may see a threefold jump in value terms to reach $ 372 bn by 2022. The healthcare industry in India stood as the fourth largest employer in 2017. India is regarded as a Pharmacy of the world, and preferred destination for the world to get best healthcare services at affordable rate.The pharmaceutical industry in India Ranks 3rd in the world, in terms of volume and 14th in terms of value. India is the largest provider of generic drugs globally. Indian pharmaceutical sector industry supplies over 70 percent of global demand for various vaccines, India exports medicines to more than 220 countries.
With the lower government and per capita health spending, as a proportion of gross domestic product (GDP) the pharma and healthcare industry in India are facing numerous challenges like as to Quality and affordable medicines for increasing population, the stability of products, pollution control by pharmaceutical, API & chemical manufacturing units, healthcare awareness, easy access to healthcare needs, poor health infrastructure, speedy and affordable diagnostic and preventive care, quality and trained staff requirement to the industry, disposal of bio waste, health insurance for all and healthcare needs and many more.
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