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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.