The shortage of various semiconductor chips is now going to critically hit the med-tech industry. The increasing uncertainty and the distraction in the supply of chips on a global basis have already led to the surge in prices for various devices with few facing stock out all across the country.
Most importantly, the shortages are now getting threatened by the availability of chip-powered ICU devices and critical care devices like ventilators, glucose, imaging machine, blood pressure monitors, ECG, implantable pacemakers., and defibrillators.
As per recent reports, by the end of the year impact on the stocks would certainly get worse as the overall prices are estimated to search as highest 20%. The spotlight has also been on the shortage of chips in the high profile sectors like electronics and automobiles. Already the leading time in the chips manufacturing process has jumped up from 4 to 8 weeks 32 to 40 base currently. This has actually disrupted the delivery schedule of various manufacturers, thus leading to delays.
Currently, the healthcare units are enabled to manage the huge demand for the devices. This is because of the acute shortage of microprocessor chips. Since the market has already run out of devices like defibrillators, patient monitors, and ECG that utilize touchscreen. The microprocessor chips are now getting outsourced from various domestic vendors who import this from Japan, China, the US, and Taiwan.