The PHD Chamber of Commerce & Industry organized a Technical Session on Medical Devices Sector: Self Sufficiency (Atma-Nirbhar Bharat) in Medical Technology. The panelists were Dr. Praveen Gedam, Addl. CEO, Ayushman Bharat, Dr Jitender Sharma, Managing Director, AMTZ (a medical device technology park), Dr. Ashok Seth, Chairman, Fortis Escort Hospitals. ...
India's Government Plans to Boost Medical Device Production
India's first medical devices industrial park is set to come up in Gujarat and the second one is being planned for Tamil Nadu, said Ananth Kumar, Union Minister of Chemicals and Fertilizers, while releasing a government-industry task-force report on boosting domestic production of high-end medical technology products, according to a...
Zimmer India grows at 26 percent annually
The India subsidiary of the world's largest orthopedic company is growing rapidly based on the recent launch of knee replacement products. Quoted in the BusinessLine newspaper, Dr. Ashok Rajgopal, Chairman, Medanta Bone & Joint Institute and past president of the Indian Society of Hip and Knee Surgeons, explained a total...
Global Suppliers Look to India Medical Device Market
Medical Fair India, formerly known as HospiMedica India, drew more than 300 exhibitors, many from East Asia, looking to make inroads into India's rapidly growing medical market. According to Plastics News, the Indian health-care sector features strong local and mainland China players in disposable and reusable medical products. Taiwanese companies...
India medical devices market to touch $11bn by 2023
According to Visiongain (a London-based business information provider), the medical devices market in India is expected to be worth $11 billion by 2023. India is one of the most lucrative markets for medical devices globally. Indeed, the Indian medical devices market generated $3 billion in sales in 2011. The opportunities...
How can you create a business model that unlocks an unserved market?
Heart disease is a common issue in India. In fact, studies showed that the country may now account for 60 percent of the world’s cases. A small minority of the popluation can afford proper cardiac care. Medtronic, the world's leading maker of medical devices, has decided to act positively on...