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'India- A $300-m Medical Device
Market'
( Abstracted from an
Interview with Andreas Wente, CEO, Philips Medical Systems, Asia
pacific )
About the size of
Indian Market for medical equipment.
We estimate the market
at $ 280 to $ 300 million. The market growth is outpacing many other
countries in Asia as well as Europe and even the United States. We
expect this growth rate to continue for the next 2-3 years at least.
Diabetes Related Foot Amputation
Rise To 50,000 A Year In India
India has the largest
number of diabetic patients in the world with latest figure crossing
33 million and out of that as many as 50,000 patients losing their
legs every year according to a latest study made by Diabetic Foot
Society of India.
DGFT Eases Import Norms For Medical
Items Not Covered Under Drugs Act
The Director General of
Foreign Trade (DGFT) has relaxed the export / import norms for all
medical and surgical items that do not come under the perview of Drugs
and Cosmetics Act, 1940. The traders of such items can now apply for
the grant of a "free sale and commerce certificate" with the DGFT.
Expert Group To Recommend Quality
Certification For Medical Devices
The expert group on
medical devices regulation set up by the Central Drugs Standard
Control Organisation (CDSCO) is to propose a system of mandatory
certification like the ISI mark given by the Bureau of Indian
Standards (BIS) for the entire gamut of medical devices. The CDSCO
clearance for the marketing of medical devices would depend upon such
certification in future. The expert group will recommend the
amendments that are...
Sterilization Plant For
Medical Products Ready To Take Off
Maharashtra's first and
Indai's second Gamma radiation sterilization plant in the private
sector, for radiation sterilization of medical products and spices
coming up at Ambernath in Thane district of Maharashtra, will be ready
for operations by the first week of November. The plant will be
dedicated to the nation on November 16, 2005. The first such unit,
Bikiran, was commissioned at Kolkata, in August 2004. |
