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Medical Devices Industry

Parliamentary panel highlights gaps in medical radiation device testing

A parliamentary committee on Monday raised serious concerns about the country's capability to test and regulate radiation-emitting medical devices, urging immediate reforms in the national testing infrastructure. The Standing Committee on Consumer Affairs, Food and Public Distribution revealed significant gaps in the testing framework for critical medical equipment like X-ray and MRI machines in its fifth report submitted to Parliament. The National Testing House (NTH) currently lacks the expertise and capacity to comprehensively test and certify radiation-emitting medical devices, despite existing regulatory oversight from the Atomic Energy Regulatory Board (AERB) and the Central Drugs Standard Control Organization (CDSCO). The committee recommended establishing a collaborative framework between NTH, AERB, and CDSCO to address the identified regulatory shortcomings. Key recommendations include developing specialised testing capabilities at NTH, investing in advanced testing ...

Parliamentary panel highlights gaps in medical radiation device testing
Updated On : 16 Dec 2024 | 5:12 PM IST

BIS to prioritise development of standards for 214 critical medical devices

The Bureau of Indian Standards (BIS) on Monday said it is prioritising development of standards for 214 critical medical devices, which are set for phased completion by December 2025. These devices, which include septal closure devices, plasma sterilizers, and phototherapy machines, are in line with the National Medical Device Policy, 2023 and have been identified in consultation with Department of Pharmaceuticals. BIS, in a statement, said the national standards body is developing standards for innovative products such as therapeutic footwear, portable ramps, braille displays, and fall detectors, which support individuals with disabilities. BIS has published over 1,700 standards for the medical sector, covering specialities such as cardiology, neurology, orthopaedics, ophthalmology, and more. Of these, around 1,200 standards specifically focus on medical devices critical to healthcare. BIS standards in this sector ensure that Indian medical devices are safe, effective, and globall

BIS to prioritise development of standards for 214 critical medical devices
Updated On : 25 Nov 2024 | 6:45 PM IST

Govt notifies uniform marketing code for medical devices industry

The government has notified a uniform code for marketing practices for the medical device industry in order to curb unethical practices. In a notification, Department of Pharmaceuticals (DoP) has asked the medical devices association to prohibit organising workshops abroad for healthcare professionals, offering them hotel stays or monetary grants. "All associations should constitute an ethics committee for marketing practices in medical devices (ECMPMD), upload it on their websites along with a detailed procedure of complaints, which will be linked to the UCPMP portal of Department of Pharmaceuticals," the notification said. The DoP has also sought disclosures form medical devices firms for particulars related to distribution of evaluation samples and expenses incurred on conferences , workshops, seminars etc. As part of the code, a medical device must not be promoted prior to receipt of product approval by the regulatory authority, the notification said. "The word safe or safet

Govt notifies uniform marketing code for medical devices industry
Updated On : 07 Sep 2024 | 12:04 PM IST

Centre looks to standardise breath analyser equipment to ensure accuracy

The new set of rules provides for various types of tests to ensure the correctness of the instrument

Centre looks to standardise breath analyser equipment to ensure accuracy
Updated On : 28 Jun 2024 | 7:35 PM IST

Withings, French medical-grade health devices maker, announces India foray

Withings is offering its range of smartwatches and smart scales in India through Luxury Personified, which is also a distributor of choice for other global premium brands such as Dyson and Marshall

Withings, French medical-grade health devices maker, announces India foray
Updated On : 16 Apr 2024 | 5:32 PM IST

Meril Life Sciences eyes 5-fold revenue growth over the next 5 years

Currently, 55 per cent of Meril's revenue comes from its international business, through its presence in over 150 countries and subsidiaries in more than 25 nations such as Germany, Russia and Brazil

Meril Life Sciences eyes 5-fold revenue growth over the next 5 years
Updated On : 16 Feb 2024 | 1:13 PM IST

Indian medtech industry urges govt action to reduce import dependency

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

Indian medtech industry urges govt action to reduce import dependency
Updated On : 05 Jan 2024 | 7:45 PM IST

Glenmark Pharma launches triple-combination drug for Type 2 Diabetes

Medication will be sold under the brand name Zita DM, will be priced at Rs 14 per tablet

Glenmark Pharma launches triple-combination drug for Type 2 Diabetes
Updated On : 18 Oct 2023 | 10:39 PM IST

Planning to open manufacturing facility in Russia soon: Trivitron Group CEO

Apart from our joint venture in Russia, we are investing heavily in the US, where we already have infrastructure, including factories and R&D setups, said Ganjoo

Planning to open manufacturing facility in Russia soon: Trivitron Group CEO
Updated On : 30 Aug 2023 | 5:20 PM IST

Time for India to take lead in medical devices sector, says Mandaviya

India has been recognised as the "pharmacy of the world" and it is now time for India to become the leader in the manufacturing of affordable, innovative and quality medical devices, Union Health Minister Mansukh Mandaviya said on Thursday. Mandaviya, during his inaugural address at 'India MedTech Expo 2023', underlined that India is the fastest-growing medical devices market among the emerging markets. 'India MedTech Expo 2023' was held in Gandhinagar, Gujarat on the sidelines of the G20 Health Ministers' meeting. Mandaviya said that 'MedTech Expo 2023 draws inspiration from Prime Minister Narendra Modi's vision of making India atmanirbhar or self-reliant. "It will be a unique, all-encompassing platform to showcase the strength and potential of the Indian Medical Devices ecosystem," the health minister said. "Our goal is to become self-reliant in the medical device sector and reduce our import dependency which also perfectly aligns with our vision of 'Atmanirbhar Bharat', and 'Mak

Time for India to take lead in medical devices sector, says Mandaviya
Updated On : 17 Aug 2023 | 11:36 PM IST

India set to emerge global production hub for medical devices: Mandaviya

"From a market share of 1.5 per cent, we hope to increase India's market share to 10-12 per cent share over the next 25 years," he added

India set to emerge global production hub for medical devices: Mandaviya
Updated On : 10 Aug 2023 | 5:45 PM IST

Banning imports of used equipment to help medical industry reach $50 bn

Steps such as raising customs duty on certain items, banning import of used or old equipment, and introduction of performance linked incentive scheme for value-added production will help India's medical devices industry touch USD 50 billion by 2030, a report by think tank GTRI said. Suggesting six action points for the government and industry for accelerating growth of the sector, the Global Trade Research Initiative (GTRI) also asked the government to not allow input tax credit (ITC) for the IGST paid on import of items where basic customs duty is zero; combatting foreign influence; and encourage local sourcing for essential Make in India products. "The Indian medical devices industry can expand from USD 12 billion to USD 50 billion by 2030, reducing import reliance to 35 per cent and boosting exports to USD 18 billion from USD 3.4 billion at present. The industry's growth potential could surpass that of the smartphone sector due to India's expanding health sector, projected to reac

Banning imports of used equipment to help medical industry reach $50 bn
Updated On : 07 Aug 2023 | 1:25 PM IST

Omron to establish first Indian medical devices factory in Tamil Nadu

Omron will make devices including blood pressure monitors and will invest nearly 1.3 billion Indian rupees (about $15.7 million) to set up the plant, the sources said, declining to be identified ahead

Omron to establish first Indian medical devices factory in Tamil Nadu
Updated On : 30 May 2023 | 9:43 AM IST

Uttar Pradesh govt looking to tap domestic medical devices' market

Chief Minister Yogi Adityanath has reiterated his resolve to make the state a leading medical and pharmaceutical hub in the country

Uttar Pradesh govt looking to tap domestic medical devices' market
Updated On : 08 May 2023 | 10:45 PM IST

Medical devices policy will make India healthcare resource centre: Industry

The National Medical Devices Policy, 2023 will pave the way for India to become an 'end-to-end' healthcare resource centre not only for the country, but also for the global needs, industry bodies opined on Thursday. The government on Wednesday approved the new policy with an aim to promote domestic manufacturing and help the sunrise sector grow from the present USD 11 billion to USD 50 billion in the next five years and reduce import dependence. The policy focuses on six strategies to tap the potential of the sector with the 'implementation of action plan'. Ajay Singh, President of Assocham, said regulatory measures like single window for different types of licences, coherent pricing norms and infrastructure for manufacturing and technology advancement, are among the defining features of the new policy, as approved by the Union Cabinet. "While India has established itself as a 'pharmacy of the world', integrated healthcare would require equal emphasis on medical devices. "The new

Medical devices policy will make India healthcare resource centre: Industry
Updated On : 27 Apr 2023 | 5:30 PM IST
Updated On : 10 Dec 2022 | 12:55 AM IST

Parliamentary panel recommends setting up regulators for medical devices

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

Parliamentary panel recommends setting up regulators for medical devices
Updated On : 03 Nov 2022 | 9:47 PM IST

Registration by medical device resellers made a must, may impact mask sales

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

Registration by medical device resellers made a must, may impact mask sales
Updated On : 04 Oct 2022 | 11:27 PM IST

India's rising medical devices imports hurt small and medium units

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

India's rising medical devices imports hurt small and medium units
Updated On : 19 Jul 2022 | 6:06 AM IST

Nearly 33% of India's medical devices capacity lying unused: Industry

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

Nearly 33% of India's medical devices capacity lying unused: Industry
Updated On : 30 Nov 2021 | 6:02 AM IST