Indian Medical Devices

Poly Medicure has signed agreements to acquire 90 per cent of Netherlands-based PendraCare Group for Rs 188.5 crore, expanding its cardiology business in Europe and the US

The new tariffs may impact India's medical devices exports, said Rajiv Nath, forum coordinator for the Association of Indian Medical Device Industry (AiMeD)

Move comes even as domestic medtech manufacturers lobby asked GOI to work towards a fair deal

Russia currently does not feature in the top five countries that import medical devices from India

India's first Helicopter Emergency Medical Service (HEMS) will be started from Uttarakhand, Civil Aviation Minister Jyotiraditya Scindia on Thursday said. "I want to inform the people of Uttarakhand that the country's first HEMS service will be launched from the state," Scindia said in a video shared on X. A helicopter will be stationed under the service at the All India Institute of Medical Sciences (AIIMS) from where it will be sent anywhere within a radius of 150 km to airlift anyone who has met with an accident to the medical facility. "Assembly and certification of the helicopter to be deployed for the purpose is underway. It is on my dashboard. It is entirely my concern now not yours," he said.

According to the Global Trade Research Initiative (GTRI) report from August 2023, the Indian medical devices industry has the potential to expand from $12 billion today to $50 billion by 2030

Under the new regulation, medical devices under' class C' and 'class D' cannot be sold without a manufacturing licence after October 1

The pricing policy is a part of the National Medical Device Policy 2023 launched by the government to facilitate the growth of the sector while also ensuring accessibility and affordability

Stalin's visit to Japan brings in investments worth Rs 1,300 crore

The change could have financial implications for leading drug manufacturers like Abbott Laboratories, Bayer AG, and GlaxoSmithKline, among others

A three-day national event on the Indian medical devices sector will be organised in August alongside the G-20 health ministers meeting, the Ministry of Chemicals and Fertilizers said on Monday. To be held at Gandhi Nagar in Gujarat from August 18-20, the India MedTech Expo would help to create opportunities to network and explore collaborations in the medical device sector. The G-20 Health Ministers meeting has been scheduled on August 17-19 in Gandhi Nagar. Around 150-plus startups, more than 275 Indian and international medical device companies and MSME units and about 50 research institutions will be participating in the Expo, the Chemicals and Fertilizers ministry said in a statement. The proposed Expo will create visibility of the medical devices ecosystem to the world and build a brand identity for the Indian MedTech sector, it added. The current market size of the medical devices sector in India is estimated to be USD 11 billion and has the potential to reach USD 50 billio

The Parliamentary Standing Committee on Health and Family Welfare has recommended setting up of a new set of regulators at different levels for regulating the medical Devices industry

Allows self declaration on portal for licensing purposes

China accounts for about one-fifth of FY22 numbers; 41% surge overall

The minister also said India can progress, if health and hygiene are also included in the overall economic development plan

Health ministry has issued a draft notification to define all medical devices under Drugs and Cosmetics Act

The proposed body will be separate from the Central Drugs Control Standard Organisation, which will continue to be the regulator for drugs

NDQF has been launched to usher in standardisation and enhanced quality in the existing ongoing periodic surveys and routine programme data landscape in India

More than half of Transasia Bio-Medicals' sales of Rs 12 billion come from global markets

Bengaluru-based Blue Neem is developing devices in nephrology, radiology and gastroenterology as it aims to make India the manufacturing hub in this segment