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Medical device sector applauds Centre's Rs 5 billion boost

The medical device market in India, valued at around $14 billion, is anticipated to grow to $30 billion by 2030, underscoring its importance in healthcare, from diagnostic tools to surgical devices.Read more

Morepen Labs to spin off medical devices unit into separate entity

The move aims to unlock value and enhance focus on this segment.Read more

50 new plants to be established under pharma and medical device PLI scheme

In the first five months of this fiscal year, the pharma and meditech sectors have become the fourth largest manufacturing export sector in India, following automotive, petrochemicals, and electronics. Read more

Poly Medicure to use Rs 10 billion fundraise for capex and acquisitions

Expansion efforts are underway in areas such as cardiology, critical care, and renal diagnostics, focusing on manufacturing to broaden its market presence. Read more

Over 1,300 units operational under PLI scheme; to generate jobs

Preliminary calculations suggest that the production of Rs 10 trillion under the PLI scheme should translate to incentives worth Rs 500 billion.Read more

AIIMS to establish medical device centre in collaboration with Osaka University

The AIIMS administration has now requested a budget of Rs 3 billion from the Union Health Ministry, with the land for the centre already finalised and the government providing in-principle approval.Read more

New scheme to strengthen India’s medical device industry to launch soon

Additionally, the Union Cabinet's approval of the National Medical Devices Policy last April is expected to further drive growth in the sector.Read more

Imports of medical device surged in India in fy23-34 to Rs 688.85 billion

This marks a 13% increase, with disposables accounting for nearly 17.6% of the growth.Read more

PSAIIF files PIL against ‘dumping’ of medical devices

Experts say the market for medical devices in India is largely dominated by imports of used and refurbished and reconditioned products. Read more

Mandaviya inaugurates 40 facilities to manufacture bulk drugs, medical devices

India has taken a big step towards self-reliance, with the commissioning of 27 new bulk drug facilities and 13 medical device manufacturing plants.Read more

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