Medtech

Health Ministry Issues Guidelines to Reduce Capital Costs & Manufacturer Dependency September 11, 2024 These directives follow recommendations from a committee formed in April to review and improve the procurement and maintenance of medical equipment.

India to Offer 20% Capital Subsidy Scheme to Boost Domestic Medtech Component Manufacturing August 29, 2024 Pharma Secretary Chawla revealed that the government is poised to offer a 20% capital subsidy on marginal investments to select companies committed to manufacturing critical components for medical imaging devices.

Johnson & Johnson to Acquire Israeli Medtech Firm V-Wave for Up to $1.7 Bn August 21, 2024 Johnson & Johnson had previously invested in V-Wave in 2016, signaling a long-standing interest in the company's innovative technologies.

K’taka Govt Seeks PPP Model to Implement MedTech Across 31 Districts August 16, 2024 This initiative aims to maximize advancements in medtech to improve healthcare delivery, streamline operations, and expand access to medical services in both urban and rural areas.

IIT Delhi Transfers 2 Medtech Devices for Cancer & Pathogen Detection August 5, 2024 These innovations are part of the Nanoelectronics Network for Research and Applications (NNetRA) project, funded by the Ministry of Electronics and Information Technology (MeitY).

Japan & India Strengthen MedTech Collaboration through Innovative Startup Partnerships June 13, 2024 The 'Japan-India Innovation Pitch' is the first of its kind to be held in India, following the success of similar cross-pitch events in other countries.

India’s Medtech Industry Targets $50 Bn Growth, Aims to Reduce Import Dependency May 8, 2024 Currently, India is the 4th largest market for medical devices in Asia and among the top 20 globally. Net imports for FY 2022-23 stand at $4101 million with an import coverage ratio of 0.45.

Johnson & Johnson to Acquire Shockwave Medical for $13.1 Bn April 8, 2024 With this acquisition, Johnson & Johnson aims to bolster its position in cardiovascular intervention, one of the fastest-growing global medtech markets.

5 Leading Medtech Companies of Mumbai March 25, 2024 Enter medical technology—a transformative force that has revolutionized healthcare standards and seamlessly adapted to the evolving needs of the era.

GE Healthcare Teams Up with Biofourmis to Extend At-Home Patient Monitoring February 27, 2024 GE Healthcare is slated to commence the distribution of Biofourmis solutions to customers in the United States starting Q1 2024.

India Records $464 Mn Surge in MedTech FDI in First Three Quarters: MTaI December 18, 2023 The MedTech foreign direct investment (FDI) trajectory in 2023 began with $39 million in Q1 (Jan-Mar), surged to $301 million in Q2 (Apr-Jun), and saw an inflow of $124 million in Q3 (Jul-Sep).

K’taka Govt Extends Seed Funding to Biotech, Medtech & Health Startups December 18, 2023 Karnataka's startup ecosystem includes 14,000 startups, approximately 40 unicorns, and enjoys 8th rank in the Global Startup Ecosystem Index.