Medical Devices Industry

The company has a total workforce of about 1500

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

Apart from masks, even condoms sold at groceries may be brought within the ambit of the rule; industry feels govt may come out with an exemption list for common items

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

Industry faces stiff competition from China as imports from country rise 75% in FY21

India has reached out to top American pharma companies seeking investment in the country's pharmaceutical and medical devices sector

Ace investor Ashish Kacholia held 1.75 million equity shares, or a 1.83 per cent stake, in Poly Medicure as of February 19, 2021

Sources across ministries confirmed that Narendra Modi's call to "go vocal for local" will be achieved through a host of measures, running into the dozens, and will focus on long-term goals.

India has been under a lockdown since March 25 to curb the spread of the novel coronavirus

Joint Secretary of Health Ministry also said that the Centre is augmenting the supply of PPE to states and that the states should use such gears rationally

All these will be available on Healthcare Innovation for Indian Healthcare (Hiiih), a medical entrepreneurship and innovation-enabling platform.

To be regulated under the Drugs and Cosmetics Act, says a notification by govt

"We're at the beginning of what we could do with laser ultrasound," said Brian W. Anthony, a senior author on the paper from MIT

Eight proposed parks aim to reduce import dependence, boost local manufacturing

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

This will be on the lines of the Drugs Technical Advisory Board (DTAB), which looks into issues in the pharmaceuticals sector

AIMED has noted that India is 70 per cent import-dependent in medical devices, and 90 per cent in medical electronics