Medical devices News

Association of Indian Medical Device Industry (AiMeD) demands measures against rising imports of medical devices from China. Imports from the US also increased steeply by 48 per cent to Rs 10,245 crore in 2021-22 (FY22) from Rs 6,919 crore in 2020-21. India imported medical devices worth Rs 63,200 crore in 2021-22, up 41 per cent from Rs 44,708 crore in 2020-21.

According to Nadda, there were 756,000 equipment in 29,115 government medical institutions in India. However, 4,560 medical devices are not working.

Now, researchers from University of California, Los Angeles (UCLA) and the University of Connecticut in the US propose storing energy in those devices without a battery.

 Researchers have developed a new way to make the normally brittle material of glass bend and flex.

Researchers have discovered a new way that will prevent the bacteria from spreading the infections on medical devices such as hip replacements or heart valves implanted in the human body.

Domestic medical devices market is estimated to grow organically at 15 per cent to USD 8.6 billion by 2020 and industry estimates indicate a much larger potential to grow to USD 50 billion by 2025, says a report

Amidst reports of rising prices of medical devices including stents, the Government has asked the companies to review their pricing and submit maximum retail price (MRP) details of their products to drug price regulator NPPA.

Security researchers warned that thousands of critical medical systems, such as MRI machines, are vulnerable to hacking, creating significant health risks for patients.

Government is aiming to increase the size of domestic medical devices sector to USD 50 billion by taking of a slew of measures, including setting up of two parks, Fertiliser Minister Ananth Kumar said Wednesday.

In its Budget proposals, the Commerce and Industry Ministry has suggested to Finance Minister Arun Jaitley to increase import duty on medical devices product, including syringes and pacemaker.

Currently, the size of medical device industry in India is estimated to be around USD 4 billion and represents just 7-8 per cent of the total healthcare industry, he added.