Page 3 - Medical Industry

Number of medical tourists in India to exceed pre-pandemic levels in CY24

Major hospital chains in India are eyeing the rise in international patient revenue and exploring entry into new geographies

India's role in medical product space represents unique opportunity: FDA

The role of India in the medical product field represents both a unique opportunity and an important responsibility, the head of the US Food and Drug Administration has said, ahead of the annual India-US BioPharma & Healthcare Summit. The summit will take place in Boston later this week. Dr Robert Califf, US FDA Commissioner will be one of the keynote speakers at the 18th edition of the annual largest gathering of pharma and healthcare sectors from the two countries, organised by USA India Chamber of Commerce. During the day-long summit, Dr Califf will share insights from his significant visit to India last September, which holds paramount importance for both countries, USA India Chamber of Commerce said in a statement on Sunday. I recently visited India with a central purpose in mindto strengthen our collective efforts to advance the development and availability of medical products that both our countries and the rest of the world need, he said. I knew, going into my trip, that .

MaxPetZ to use 3D printing for reconstructive surgeries in veterinary field

Speaking on the subject, Leena Dalal, senior veterinary surgeon and oncologist MaxPetZ said that this would be the first time in India that 3D Printing is being used to treat animals

Vital signs of change: AI now lifeblood of India's hospital chains

All the major healthcare chains like Apollo Hospitals, Manipal Healthcare, and Aster DM Healthcare, among others, are using AI in prediction, prevention, diagnosis, and personalized management

SS Innovations to start first human trials for remote telesurgery soon

Srivastava added that telesurgery will allow surgeons to perform procedures on patients who are not physically present in the same location as them

Rise in number of C-sections across India between 2016 and 2021: Study

A caesarean section (C-section) delivery is a surgical technique that involves making an incision in the mother's belly to deliver one or more infants

Maxivision Super Specialty Eye Hospitals eyes 100 facilities: Chairman

Maxivision Super Specialty Eye Hospitals has set up its fifth facility in Tamil Nadu, the 46th such facility in the country, set up under its expansion plan a top official said on Tuesday. The eye care provider has targeted setting up 100 hospitals by 2025, Promoter and Chairman GSK Velu said. Maxivision had signed a memorandum of understanding with the Government of Tamil Nadu to set up eye care facilities in Perambalur, Thanjavur, Tiruchirappalli and Salem, under its 'Project Velicham' initiative. The new facility in Madurai, spread across 8,000 sq ft was inaugurated by Tamil Nadu Minister for Commercial Taxes and Registration P Moorthy in the presence of Maxivision Group CEO VS Sudheer, Regional Medical Director Shibu Varkey. "It is with great pride that we have opened our state-of-the-art hospital in the temple city. Currently, we have five centres in Tamil Nadu. With the inauguration of this centre, Maxivision Super Specialty Eye Hospitals now has a total network presence of 4

Doctors in South Korea submit resignations, widening medical school dispute

Senior doctors at major hospitals in South Korea began submitting their resignations en masse Monday in support of medical interns and residents who have been on a strike for five weeks over the government's push to sharply increase medical school admissions. The senior doctors' action won't likely cause an immediate worsening of hospital operations in South Korea because they have said they would continue to work even after submitting their resignations. But prospects for an early end to the medical impasse were also dim, as the doctors' planned action comes after President Yoon Suk Yeol called for talks with doctors while suggesting a possible softening of punitive steps against the striking junior doctors. About 12,000 interns and medical residents have faced impending suspensions of their licenses over their refusal to end their strikes, which have caused hundreds of cancelled surgeries and other treatments at their hospitals. They oppose the government's plan to increase the ..

MeraDoc partners with MakeMyTrip to offer real-time medical services

HealthTech startup and India's fastest-growing online medical services company Meradoc has entered into a strategic partnership with travel booking MakeMyTrip to offer a bouquet of healthcare services on the go for the latter's subscribers across the country. With this alliance, Meradoc's digital-health platform and its services will now become available 24x7 on a real-time basis to MakeMyTrip customers across India, the company said in a statement. "The ground-breaking partnership will provide MakeMyTrip customers round-the-clock instant access to Meradoc's panel of qualified doctors through video and audio consultations," it said. Additionally, pathology services, personalised follow-ups and updates, as also delivery of medicines prescribed by the doctors, will be available to MakeMyTrip customers at their doorstep within two hours, whether they are at home or travelling anywhere in the country on business or for personal reasons. Set up in 2021 by Sudhir Mathur, ex-CEO of Cairn

India failed to meet WHO End-TB target, cases fall 0.5% in 2015-20: Lancet

India's tuberculosis incidence dropped marginally by 0.5 per cent between 2015 and 2020 and failed to meet the World Health Organization's (WHO's) END-TB milestone for 2020, according to new global research published in The Lancet Infectious Diseases journal. The WHO End TB Strategy aims for a 90 per cent reduction in TB deaths and an 80 per cent reduction in the incidence rate by 2030, compared to the baseline figures of 2015. The 2020 milestones include a 20 per cent reduction in the TB incidence rate and a 35 per cent reduction in deaths. The latest study estimated that the incidence of TB across all ages in India was 213 cases per one lakh population in 2020, well above the WHO's milestone figure (for India) of 171 per one lakh population. Deaths due to the bacterial infectious disease in the same year were estimated to be between 3.5-5 lakh, again much above the mortality milestone of 2.7-3.2 lakh set for India. The study comes ahead of World Tuberculosis Day on March 24. Desp

Engrail Therapeutics closes oversubscribed $157 million Series B financing

Funding from the Series B round will propel the advancement of the company's pipeline through multiple stages of clinical development

India surpasses WHO guidelines with 1:900 doc-to-population ratio: Kalita

India is undertaking a journey that looks at illness to wellness from a completely new prism, said Bhubaneswar Kalita, Chairperson, Parliamentary Standing Committee on Health and Family Welfare, underlining "investing in health and hygiene is not just a moral imperative, it is an economic necessity". As we delve into the significance of health and hygiene, let us acknowledge India's remarkable evolution in this realm, Kalita said atSOCHAM's second Awareness Summit on Illness to Wellness. The WHO recommends a doctor to population ratio of 1:1000, Kalita said, adding we have achieved a ratio of 1:900 which is an improvement over the guidelines. "Beyond being just buzzwords, health and hygiene are the pillars upon which prosperous societies are built. The journey has been arduous yet inspiring. From battling infectious diseases to embracing preventive healthcare, the nation has made significant strides. Over the past decade we have witnessed reduction in maternal mortality rate, infant

Sakra World Hospital to invest Rs 1,000 crore on second unit in Bengaluru

Japan's Toyota Tsusho and Secom Medical System on Saturday announced plans to set up a second multi-super specialty healthcare facility under their Sakra World Hospital operations in India at an investment of Rs 1,000 crore. The two partners, which already run a Sakra World Hospital facility in Bengaluru, plan to add another 500-bed new unit at Banaswadi in Bengaluru North. The facility is scheduled for completion by the end of 2026. Sakra World Hospital is also looking to set up at a third unit, which is envisaged to have 300 beds, as part of its plans to add 1,000 beds in the upcoming years. The second facility, to be constructed at an estimated cost of Rs 1,000 crore, will have a 500-bed capacity with a built-up area spanning 6 lakh sq ft, Sakra World Hospital said in a statement. Sakra World Hospital is a collaboration between Japan's healthcare major Secom Medical System and trading conglomerate Toyota Tsusho. "The new facility is the extension of our firm commitment towards

Govt launches programme for cashless treatment of up to Rs 1.5 lakh

The government is launching a pilot programme to provide cashless treatment to road accident victims, under which they will be entitled to cashless treatment up to a maximum of Rs 1.5 lakh per accident, an official statement said on Thursday. The statement further said the pilot programme -- being initiated in Chandigarh and developed under the aegis of the Ministry of Road Transport and Highways (MoRTH) -- is aimed at establishing an ecosystem for providing timely medical care to the victims of road accidents, including during the golden hour. "The broad contours of the pilot programme are -- victims entitled to cashless treatment up to a maximum of Rs 1.5 lakh per accident per person for a maximum period of 7 days from date of the accident," it added. The statement said claims raised by hospitals for providing treatment will be reimbursed from the Motor Vehicle Accident Fund. According to the statement, the pilot project will be applicable to all road accidents caused by the use

Medical inflation driving up ticket sizes for retail health insurers

Rising healthcare costs lead to adjustments in insurance premiums, driving up average ticket sizes, say industry players

Apollo Hospitals Group launches emergency medical centre in Ayodhya

The Apollo Hospitals Group on Monday announced the launch of a state-of-the-art multi-specialty emergency medical centre at the Shri Ram Janmabhoomi pilgrimage site in Ayodhya. Talking about the advanced services of the centre, Apollo Hospitals Group Chairman Dr Pratap C. Reddy said that a wide range of better medical services will be available in the centre. These range from basic first aid to medical emergency services, including heart attack and stroke, he said, according to a statement issued by the hospital. Dr Reddy also said that the centre will also have 24x7 critical care support and ICU backup for both adults and children. The construction work of this hospital will start soon. According to the statement, online super specialty consultation will be available at the centre through the latest telemedicine technology. Through this, the patient's access to specialists will become very easy. The Emergency Medical Center will be constructed in an area of approximately 5,000

CAPFIMS signs MoU with Aiims to run it as campus, MHA will provide funding

The Central Armed Police Forces Institute of Medical Sciences (CAPFIMS) on Saturday signed an MoU with the AIIMS to run CAPFIMS as a campus of the AIIMS here. The funds for procurement of medical equipment and furniture and the recurring cost towards operations and maintenance of the campus shall be provided to the All India Institute of Medical Sciences (AIIMS) by the Ministry of Home Affairs, an official statement said. Further, a part of the hospital beds in the campus shall be earmarked for providing healthcare services to all Central Armed Police Forces (CAPF) beneficiaries. The Union Cabinet has approved budgetary support of Rs 2,207.50 crore in the 15th Finance Commission cycle to run the CAPFIMS as a campus of AIIMS, New Delhi. Under the leadership of Prime Minister Narendra Modi, enhancing healthcare infrastructure in the country and providing world class health facilities to the people is one of the priorities of the government of India, the statement said. The MHA, unde

Double-blind trial soon for Ayush drugs to treat anaemia in women

The ministry on Monday tied up with the Indian Council of Medical Research (ICMR) to conduct the study, which aims at backing up Ayush treatment with scientific and evidence-based research

Strong medicine

Patanjali ad ban is the right remedy

Invent advanced tech to gain global leadership: NITI to medical industry

Domestic medical devices industry should come up with cutting-edge technologies to gain leadership across global markets, NITI Aayog member (Health) Dr VK Paul said on Thursday. Speaking at an event here, he also asked the industry to initiate ways to tap AI for their respective medical devices. Paul noted that the government has already taken a lot of steps in policy terms and now it is the turn of the industry to move ahead. "We believe that we need frugal innovation, but we also strongly believe that India must do cutting-edge innovations...for our leadership in industry, for our leadership in the world," Paul said. The industry needs to address the cutting edge, breakthroughs, he said, adding that nothing much has been achieved after technologies like MRI (Magnetic Resonance Imaging). "That means the space is open for us to catch up and leapfrog in the direction of new ideas, new solutions, and disruptive technologies that should emanate from India," Paul added. He noted that