Medical Device Industry

Maharashtra Medical Equipment Purchase Authority established: Sawant

The Maharashtra Medical Equipment Purchase Authority has been established to enable government purchases of medical equipment and medicines through a single body, Health Minister Tanaji Sawant said on Friday. The Health Department will also work to give a new lease of life to the state-run Haffkine Institute whose primary job is vaccine development and manufacturing, he said in a statement. A bill for the establishment of the authority was passed by both Houses of the state legislature in the ongoing Budget session. Until now every government department purchased necessary medical equipment and medicines separately, often at varying rates. Purchases of medicines, medical equipment, sonography machines, dialysis machines, ventilators, CT scan machines and furniture could be now made through this authority. Even the Union government and other states can make purchases through it. The authority will be chaired by the chief minister while the health minister, medical education minist

Local medical device makers seek trade margin rationalisation in Budget 23

Group wants basic custom duty on import of medical devices increased to 10-15%

Stock of this medical equipment company has tanked 74% so far in 2022

Shares of Nureca hit a 20-month low of Rs 562.50,down 3%, trading close to its record low of Rs 559.25 touched on March 19, 2021

Centre notifies new Medical Device Rules to smoothen licensing procedure

Allows self declaration on portal for licensing purposes

Hard choice for MSME med device makers: Get licence by Oct 1 or shut shop

All Class A and Class B med device makers to switch to licensing regime within; many are dealing with slow pace of govt audits or simply not clearing them

MTaI seeks reduction in GST on medical devices, cold chain units

The organisation noted that the reduction of GST on medical devices and medical cold chain from 12 per cent to 5 per cent would lead to the expansion of the healthcare sector through reduced costs

Morepen shareholders approve new unit to house medical device biz

Morepen Laboratories on Wednesday said its shareholders have approved to shift its medical devices business into a newly incorporated wholly-owned subsidiary

Centre notifies scheme for promotion of 'Medical Device Parks'

Centre has taken a key initiative to support the medical devices industry to reach its potential in the coming years under the "Promotion of Medical Device Parks" scheme

Matrix bullish on e-SIM business; to keep focus on medical device vertical

International SIM seller Matrix Cellular is bullish on growth in business due to adoption of e-SIM overseas, and expects 30-40 per cent year-on-year jump as foreign travelling opens up.

Medical oxygen from Honeywell technology has saved 120,000 lives in India

Patented technology of US firm, which tied up with DRDO last month, to save 66,500 more people in July-August

ESRI in talks with govt for tech help in Covid-19 pandemic fight

The purpose is to see if the states and the Centre can use its technology to tackle the issues arising from the pandemic.

Chemists threaten to join lockdown, seek Covid-19 vaccination on priority

The medical devices makers' industry body, too, has written to the NITI Aayog seeking vaccination on priority.

Covid vaccines: Medical refrigerators makers gearing up to meet mkt needs

Leading medical refrigerator makers such as Godrej Appliances, Voltas and Blue Star are gearing up to cater to needs of Covid vaccine manufacturers by enhancing their cooling technologies in view of the requirement to store vaccines at ultra-low temperatures. Such refrigerator companies are also looking to ramp up their production capacity in anticipation of growing demand of new-age medical refrigerators that can preserve vaccines at a temperature of as low as minus 80 degrees celsius. Medical refrigerator manufacturers, which have witnessed a substantial jump in their business after India started the vaccination programme with Covishield and Covaxin, are now open to form tie-ups with the pharma companies that are importing coronavirus vaccines. Godrej & Boyce, part of over USD 4.1 billion Godrej Group and a leading maker of medical refrigerators in India, said it is quite open to collaborate with vaccine makers such as Pfizer, whose Covid vaccine is required to be kept at minus .

'India-US ties in medical device industry has immense potential'

The country's Ambassador in Washington Taranjit Singh Sandhu has said, asserting that the US-India partnership in the key sector could provide a robust supply chain for others

Need to boost production of medical-grade oxygen: PM Narendra Modi

Amid a steep rise in coronavirus cases, Prime Minister Narendra Modi on Friday undertook a comprehensive review to ensure adequate medical grade oxygen supply in the country and called for ramping up its production. With cases hitting a new peak in several parts of the country, the demand for medical oxygen has increased as it is a critical component in the treatment of COVID-19-affected patients. Prime Minister Modi took a comprehensive review to ensure adequate medical grade oxygen supply in the country, the Prime Minister's Office (PMO) said in a statement. Inputs from ministries like health, steel, road transport, and the Department for Promotion of Industry and Internal Trade (DPIIT) were also shared with the prime minister during the review, it said. Prime Minister Modi stressed that it is important to ensure synergy across ministries and state governments, the PMO said. He also took a detailed review of the current situation of oxygen supply and projected use in the coming

Samsung turns old Galaxy smartphones into medical diagnosis cameras

Samsung Electronics is repurposing its old Galaxy smartphones into medical diagnosis cameras to enable greater access to ophthalmic healthcare in India, Vietnam, Morocco and Papua New Guinea.

Ventilator companies scramble for other ways to utilise capacities

Doctors are now shifting treatment protocol for Covid-19 at hospitals and invasive ventilation is not being preferred

Tamil Nadu proposes to set up bulk drug, medical devices parks near Chennai

The bulk drug park is will be located in Tiruvallur district in an artea of 2,000 acres. The proposed cost for developing this project is Rs 2,153 crore

License required to import, manufacture medical devices: CDSCO

Importers and manufacturers require to take licence for the import and manufacture of nebulizers, BP monitoring devices, digital thermometers, and glucometer

Medical device industry suffers up to 85% drop in revenues during Apr-June

Medical technology industry has suffered around 50-85 per cent drop in revenue during April-June with a decline in surgical procedures at hospitals due to Covid-19 situation, industry body MTaI said