Medical Technology

Regulatory, supply chain challenges affecting growth of medtech sector

Industry also faces shortages of component suppliers and talent, particularly in research and development

Govt, industry must work together to reduce import dependence: Pharma secy

Government and industry should work together to bring down import dependence in the medical device segment to below 50 per cent over the next five years, Department of Pharmaceuticals Secretary Arunish Chawla said on Tuesday. Highlighting the critical need to focus on quality to ensure that India becomes globally competitive, he noted that the government is in the process of formulating standards for over 2,000 medical devices being produced in the country in order to make them globally competitive. "Right now our med-tech sector is 75-80 per cent import dependent. In the next five years, we want to bring down this import dependence to less than 50 per cent," Chawla said while speaking to reporters here on the sidelines of an industry event to formulate better policies for the sector. Chawla noted that deliberations were also held during the Meditech Stackathon 2024 to scale the medical device exports to match the level of imports of such articles into the country, he added. Stress

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

Wipro-GE Healthcare to invest Rs 8K crore to 'Make in India for the World'

The products slated for export include positron emission tomography-computed tomography (PET-CT) used for cancer diagnosis, CT, and magnetic resonance imaging (MRI) coils

Clinisys Laboratory Solutions to ramp up India hiring by 50% in 2024

Clinisys holds a leadership position in the clinical laboratory information systems market, with a 19 per cent share of the market

Wipro GE Healthcare plans to launch 40 new products across the spectrum

The med-tech firm also collaborated with the Medanta group of hospitals to launch Tele-ICU services in India as Medanta e-ICU project

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

Interim Budget: MedTech industry urges govt action to cut import reliance

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

Industry, patient groups want draft drugs and medical devices Bill recalled

Seek a separate 'Medical Devices Act' distinct from the drug regulations Bill

Pre-owned medical equipment imports to enhance accessibility: MTaI

Medical Technology Association of India (MTaI) on Tuesday said the import of pre-owned medical equipment can increase accessibility of such equipment for the patients, especially in tier-2 and tier-3 cities. In a statement, it noted that complex medical equipment like CT scan, MRI, robotic-assisted surgical systems, X-ray machines and endoscopes cost several millions of dollars, which often exceed the budgetary capability of small- to mid-sized hospitals. Pre-owned medical equipment, which are backed by adequate service guarantees and abide by regulatory requirements, can go a long way in solving this problem of access and affordability, it said. Earlier, the Association of Indian Medical Device Industry (AiMeD) asked the government to withdraw the official memorandum permitting the import of pre-owned medical devices, raising concerns that the move would impact domestic manufacturers. Countering the narrative, MTaI Chairman Pavan Choudary said there was a need to distinguish impor

Medical tech firm Medtronic to invest Rs 3,000 cr for Hyderabad R&D centre

Facility employs 800 people and will take up more 1,500 in the next five years

What is DENV-2? All you need to know about new dangerous dengue strain

The DENV-2 variant has caused a rapid surge in dengue fever and death cases in Panchkula, Haryana

Israel, Argentina to jointly sponsor five medical, green energy projects

Israel and Argentina will jointly sponsor five research projects in the fields of medicine and green energy, Israel's Ministry of Innovation, Science and Technology said in a statement

What is keeping Adar Poonawalla busy these days?

Adar Poonawalla has taken Indian vaccines to the US and European markets. In an interview with Business Standard's Sohini Das, he tells about his plans for mass production of vaccines and more

AAP alleges corruption against UP minister in medical equipment purchase

AAP leader Sanjay Singh has complained to police against an Uttar Pradesh minister and some senior officials, alleging corruption in the purchase of medical equipment

Health sector wants higher outlay, universal insurance in upcoming Budget

Govt officials say health outlay will have to rise significantly not just for vaccine expense but also for creation of supporting infra and distribution channels

Doctor in the Cloud: As Covid-19 rages on, hospitals embrace technology

The platform runs on a software called Power BI, a data visualisation tool that evaluates the vitals of all patients in ICUs in over 15 districts of Karntaka

Medtronic to invest Rs 1,200 cr to expand R&D center in Hyderabad

Medtronic Engineering and Innovation Center (MEIC) will be its largest global research and development center outside the US, it said in a statement

Coronavirus: What is convalescent plasma therapy? Things you should know

Convalescent plasma is an experimental procedure for coronavirus patients

IIT Kanpur develops low-cost disinfection chamber for public places

Projected to cost less than Rs 50,000 apiece on mass production