Marlborough, MA-based Boston Scientific has appointed Madan Krishnan as the new vice president and managing director for the India Subcontinent region. Krishnan will now oversees Commercial Operations and Excellence across the Asia Pacific. Krishnan succeeds Manoj Madhavan, who is relocating to the United States to take on a global leadership...
India Boosts Medical Device Industry with New Initiatives
While India’s medical device industry has grown at a steady 14%–15% annually for most of the last decade, it only accounts for 1.5% of the global market. Now the country’s federal government has created a far-reaching policy with the goal of spiking growth to over 20% for the next decade. Read...
Global Device Makers Form India Group
Some leading research-based medical technology companies, who have made remarkable investments in India, formed an association called Medical Technology Association of India (MTaI) to propel growth in the medical devices sector. Founding members include Johnson & Johnson, Bausch & Lomb, Smith & Nephew, C R Bard, Terumo, Boston Scientific and...
India’s Medtech Sector Sees Healthy Growth
On the recommendation of India’s Drugs Technical Advisory Board, the government has agreed to delink the medical devices sector from the pharmaceutical sector according to a report in The Times of India. India’s Central Drugs Standards Control Organization will post the revised schedule on its Website, and will issue a...
Boston Scientific's BRIC Sales Rise by 18 Percent
Speaking at the J.P. Morgan Healthcare Conference, Mike Mahoney, CEO of Boston Scientific a Marlborough, Mass.-based medical device company, said the company derived about 10% of its total sales from emerging markets in Brazil, Russia, India and China during the 3-months ended Sept. 30, 2014 -- an 18% increase from...
Prospect for Stent Market in India are Upbeat
While Johnson & Johnson’s Cordis withdrew from India, companies such as Abbott Laboratories - Vascular, Boston Scientific Corporation, Medtronic Inc. and other players like Biotronik, Sahajanand Medical Technologies, Meril Life Sciences and Translumina Therapeutics are vying to expand their presence in India through investments in the coronary stent market, according...