Gurugram-based Carna Medical Database Pvt Ltd, a joint venture of two Japanese companies, is all set to revolutionize the way India manages its supply chain of medical consumables and disposals. The company launched first-of-its kind in India ‘Medical Product Catalogue’ to standardize medical product data. The Catalogue serves as the stepping stone in establishing Carna in the Indian Medical Industry as it contains around 26000 consumables and disposables product data from medical manufacturers all over India.
India’s healthcare sector is witnessing a double digit growth. But the supply chain is still in its primitive stage. In view of huge potential that exists in India and a success in Japan, two Japanese giants Konoike Transport and Medius Holdings decided to invest in India where healthcare infrastructure has been a top priority. With initial capital investment of INR 200 million, Konoike and Medius established a joint venture in India Carna Medical Database Pvt Ltd to implement Japanese technology and a real time-tested expertise to create and distribute a medical consumable database and establishing a logistic network to smoothen Indian medical healthcare supply chain management system.
Speaking on the launch ceremony, Managing Director and CEO of Carna Minoru Amano said, “Our objective is to deliver services to hospitals, medical manufacturers and medical distributors by providing them eight levels of classification and a unique coding system for each medical product. This database incorporates detailed information about all the consumables, disposables and implants available at a single search enabled and interactive platform.”
“Healthcare in India is growing at a very fast pace. It is expected to be $280 billion in size by 2020, growing at a compound annual growth rate of 16 per cent. Lots of new hospitals are opening and healthcare has taken a tremendous leap in service standards.
But, the supply chain is still at its primitive stage, the orders are still made manually and a lot of discrepancies are observed in nomenclature of products at various levels. It has been determined that uniform codes for each medical material will play a vital role in the development of medical supply chain management system,” he added.
The product is the first-of-its kind, launched ever in the country and will be distributed PAN India to over 8000 hospitals. It will reach hospitals in Tier 2 and Tier 3 cities as well. The Catalogue will be an annual release and it is expected to grow aggressively in the near future.
“Compared to Japan, India is expected to grow at a faster rate than Japan, hence, we decided to create and promote a standard code to achieve digitization,” Dr. Ashutosh Shukla, Director and Senior Consultant of the Department of Medicine, Artemis Hospital said.
“We hope to standardize Carna Code throughout India. Currently we have covered 26000+ data and our target is to have 100,000+ Data in the next phase,” said Amano.