BY THE DIGITAL HEALTH LEADERS FOR THE DIGITAL HEALTH COMMUNITY
BY THE DIGITAL HEALTH LEADERS 
Medical Devices PLI Scheme Records INR 879 Cr+ Investments till Sep 2023 January 2, 2024 Launched in July 2020, the PLI scheme seeks to bridge the manufacturing gap in medical devices within the country compared to other economies.
GlobalData Forecasts Medical Devices Cybersecurity Market to be $1.1 Bn by 2027 December 19, 2023 The surge in cybersecurity risks stems from legacy devices operating on outdated software, presenting a significant challenge due to their difficulty in updating, making them susceptible to cyberattacks.
Impelsys Unveils Advanced Medical Devices Testing Lab in Mangalore December 19, 2023 Owing to the wide adoption of technology in healthcare, the lab is specifically designed to support hospitals and wellness centres in offering safe and secure care to patients while enabling medical device OEMs to bring their products to market more efficiently.
After a Long Hiatus, Govt Now Mulling Deadline Extension to Medical Device Manufacturers October 6, 2023 This potential extension is in response to delays in granting new licenses required to sustain production, reported the Economic Times.
Medical Devices Industry in Turmoil as New Law Restrains 200 Producers October 5, 2023 The medical devices industry is facing a crisis as more than 200 manufacturers have been compelled to halt the supply of their products due to the non-approval of their manufacturing licence applications under a recently implemented law before the cutoff date of October 1, 2023.
Delhi High Court Upholds Decision to Classify All Medical Devices as '˜Drugs' Under Regulatory Law September 6, 2023 This decision follows petitions submitted by the Surgical Manufacturers and Traders Association, challenging the government's notifications from 2018 and 2020. These notifications expanded the categorisation of specific medical devices as €˜drugs to encompass all such devices.
Healthium Medtech Unveils 'TRUMAS' Sutures for Enhanced Minimal Access Surgery August 31, 2023 Healthium Medtech, a global medtech company headquartered in Bengaluru, has introduced a range of TRUMAS sutures meticulously designed to address challenges faced during suturing in minimal access surgeries (MAS).
Gujarat State Health Department Partners with SSIP to Instill Entrepreneurship Spirit among Medical Students August 29, 2023 Gujarat State Health Department and the Student Startup and Innovation Policy (SSIP) have entered into a Memorandum of Understanding (MoU) to encourage medical students with the spirit of entrepreneurship. The MoU is also to foster the growth of healthtech startups in that region.
Yashoda Medicity & Draeger India Collaborate to Bring Advanced Medical Gas Management System August 9, 2023 In a deal with BlackSoil, a prominent investment firm, GenWorks Health has received $4 million in funding. Through this investment, GenWorks Health can provide quality healthcare in underserved areas.
Medical Device Industry Can Reach $50 Billion Size By 2030 with PLI Scheme & Ban on Used Equipment Import: Report August 8, 2023 In a deal with BlackSoil, a prominent investment firm, GenWorks Health has received $4 million in funding. Through this investment, GenWorks Health can provide quality healthcare in underserved areas.
Yolo Health Foundation & HealthATM India Launch 500 Health ATMs with State Governments July 4, 2023 Together with state governments, Yolo Health Foundation and HealthATM India are introducing 500 health ATMs within two months. The initiative could bring about a mini healthcare revolution.
UP medical device park to attract 59 firms, create 5,000 jobs, and invest Rs 415 crore June 23, 2023 Medical device park near Noida poised for a major hub in the industry, with 59 companies already allotted land. Approximately 5,000 jobs will be created by this investment of Rs 415 crore.
