medical devices

Med devices, precision therapies may come under price fixation – ET HealthWorld

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[ad_1] New Delhi: Pricing process for drugs and medical devices may soon see major changes for which govt has formed a committee. The panel consists of three core members: secretary, department of pharmaceuticals; senior economic advisor, department of pharmaceuticals; and chairman of National Pharmaceutical Pricing Authority (NPPA). The committee will have two industry representatives: secretary … Read more

MedTech 2.0 – Powering the Arogya Bharat 2024 Agenda – ET HealthWorld

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[ad_1] By Anish Bafna The healthcare industry in India is rapidly progressing and advancing towards a new era of technological innovation and possibilities, with MedTech at the helm of it all. Positioned as the vanguard of this transformation, the concept of MedTech 2.0 heralds a significant shift in the healthcare landscape of the nation. It … Read more

Budget: MTaI seeks lowering of customs duty, removal of health cess on medical devices – ET HealthWorld

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[ad_1] New Delhi: Medical Technology Association of India on Wednesday sought lowering of customs duty to 2.5 per cent and removal of health cess ad valorem on medical devices in the upcoming Union Budget. The industry body, which represents leading research-based medical technology companies with large footprint in manufacturing and training in India, also sought … Read more

India’s MedTech witnesses surge of $464 million in FDI investments: MTaI – ET HealthWorld

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[ad_1] New Delhi: India has witnessed a record-breaking surge of $464 million in foreign investments in MedTech in the first three quarters, the Medical Technology Association of India (MTaI), which represents leading research-based medical technology companies with a large footprint in manufacturing and training in India. Pavan Choudary, Chairman, MTaI, highlighted the pivotal role of … Read more

‘DMDC Bill will align India’s regulatory system with global best regulatory practices’ – ET HealthWorld

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[ad_1] New Delhi: The Drugs, Medical Devices, and Cosmetics Bill, 2023, which is expected to be introduced during the ongoing session of Parliament, aims to regulate and supervise the import, production, distribution, and sale of drugs, medical devices, and cosmetics, and ensure standards in quality, safety, efficacy, and performance. If made into a law, is … Read more

Wearable technology in medical market to exceed $100 billion in 2023: GlobalData – ET HealthWorld

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[ad_1] New Delhi: Health sensor-equipped wearable devices are transforming both healthcare and consumer experiences, enabling individuals to manage their health actively. In 2023, the medical wearable technology market is anticipated to surpass $100 billion, with an estimated 15 per cent compound annual growth rate projected until 2030, according to GlobalData. “Wearable devices that are used … Read more

MTaI advocates integration of life-saving medical devices near spectators as safety measure to ICC, BCCI – ET HealthWorld

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[ad_1] New Delhi: In a move to prioritise spectator well-being at cricket matches, the Medical Technology Association of India (MTaI) recently wrote a persuasive letter to both the International Cricket Council (ICC) and the Board of Control for Cricket in India (BCCI) advocating for the integration of life-saving medical devices near spectators as a safety … Read more

Medical devices makers body AiMed asks govt to withdraw order on import of used medical devices – ET HealthWorld

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[ad_1] New Delhi: The Association of Indian Medical Device Industry (AiMeD) on Friday asked the government to withdraw the official memorandum (OM) permitting the import of pre-owned medical devices and charged industry body FICCI of siding with MNCs and working against the interest of domestic manufacturers. In a statement, the medical devices industry body attacked … Read more

At-home health test maker Thorne explores sale – ET HealthWorld

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[ad_1] New York: Thorne HealthTech Inc , a provider of at-home health tests and nutritional supplements, is exploring a sale, according to people familiar with the matter. The New York-based company is working with investment bank CG Sawaya Partners as it fields interest from other companies and private equity firms, the sources said. The sources, … Read more

Full provisions of medical devices regulation to come into force from October 1: DCGI – ET HealthWorld

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[ad_1] Medical devices of all four categories (A, B, C, and D) will be brought under the regulation by October 1 and as of now only two groups (A and B) are being regulated, Drugs Controller General of India (DCGI) Rajeev Singh Raghuvanshi said on Wednesday. Speaking to reporters on the sidelines of the 9th … Read more