Ayurveda market size seen at $8 billion by 2020

Emphasising that Ayurveda will provide affordable healthcare, Union Minister for State for AYUSH Shripad Yesso Naik on Monday said a three-fold increase in market size of Ayurvedic products from $2.5 billion to $8 billion is expected by 2022. Addressing an “Ayurveda Conclave” here, Naik said: “Ayurveda is witnessing a resurgence in India and around the globe. It advocates preventive healthcare…

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U.S. pressing India to avoid capping medical device prices, allow withdrawals

The United States is pressing India not to extend price caps on medical devices and wants New Delhi to allow firms to withdraw products from the market if they do not wish to sell at government determined rates, a U.S. trade official told Reuters. Indian Prime Minister Narendra Modi’s government has in recent months slashed prices of medical…

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This device aims to tackle ventilator-associated pneumonia

Nachiket Deval , a National Institute of Design graduate, had always wanted to make a medical device that would be of use to the masses. He also tried to make one for his thesis project. The natural progression for Deval was to start a company after a few stints in a couple of design and engineering jobs. But…

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Price caps hurting healthcare industry, says Preetha Reddy

The National Pharmaceutical Pricing Authority’s decision to cut prices of stents and knee implants is hurting the healthcare industry, prompting investors to pull out, Preetha Reddy of the Apollo Hospital Group told ET in an interview. The vice-chairperson of India’s largest hospital chain highlighted concerns that the public perception gaining ground -of an industry run by bandits -has led policymakers to…

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Indian Health Industry Profile Update- July 2017

Healthcare has become one of India’s largest sectors both in terms of revenue & employment. The industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well private players During 2008-20, the market is expected to record a CAGR of 16.5 per cent The total industry…

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One in five Indians is deficient in Vitamin B12: Metropolis Study

A study by Metropolis Healthcare has found that more than 15 per cent of the Indian population lacks the optimum quantity of vitamin B12, and majority of them are vegetarians. “Growing age makes it difficult to absorb vitamin B12. It also becomes harder if one has had a weight loss surgery or any other surgery…

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Medical camera makes light work of seeing through the body

Scientists have developed a camera that can see through the human body. The camera is designed to help doctors track medical tools known as endoscopes that are used to investigate a range of internal conditions. The new device is able to detect sources of light inside the body, such as the illuminated tip of the endoscope’s long…

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After stents, Indian Govt. to cap prices on Orthopedic knee implants

NPPA’s preliminary analysis of common components used in knee implants shows profit margins for distributors and importers can be as high as 135%. After slashing the prices of cardiac stents by over 150 per cent the National Pharmaceutical Pricing Authority (NPPA) is all set to bring in price capping for orthopedic knee implants. In a…

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Paras Healthcare raises Rs 275 cr to strengthen its footprint in North India

Gurgaon-based healthcare provider Paras Healthcare has raised Rs 275 crore to focus on strengthening its footprint in North India. The fund was raised through the private equity firm Creador and will be used by the North India-focused healthcare chain to achieve its expansion plans and supporting the existing units for capacity expansion. Gurgaon-based healthcare provider…

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Nation’s biggest medical devices park gets rolling

Telangana on Saturday set the ball rolling for what is touted as the country’s largest dedicated medical devices park. KT Rama Rao, minister for industries and commerce, IT E&C, MA&UD and public enterprises, inaugurated the 250-acre park on the city’s outskirts at Sultanpur in Patancheru of Sangareddy district. Fourteen companies, including the likes of Apollo Hospitals, Cyient Limited,…

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Will GST mitigate the cascading effects of multiple taxes on healthcare ?

In India, the healthcare sector has grown magnanimously since the last century. Today, the contribution of healthcare to the country’s Gross Domestic Product (GDP) is pegged at 5 per cent. From USD 80 billion in 2012, the healthcare sector is expected to reach USD 150 billion by 2020. Government reforms have played a prominent role in encouraging…

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Healthcare spending to grow at 16 per cent a year, touch Rs 19 trillion by 2020

Demand for healthcare in India is growing significantly. Increased awareness of healthcare drivers and better lifestyle choices – along with vastly improved pharmacological treatment of chronic diseases and higher standards of living – are dramatically extending the life expectancy of Indians in urban areas. Consequently, citizens expect more and better healthcare options as access to…

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Domestic med devices hit by cheap imports

The domestic medical devices industry seems to be facing a double whammy .On the one hand, the industry -which offers cardiac stents, electro-cardiograms, ultrasound machines, heart valves and newborn screening kits -is facing an onslaught of low-priced Chinese imports. On the other, it is being beaten by restrictive conditions on “perceived quality“ in government and…

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Modi’s generics-only drugs plan worries health experts, Indian pharma sector

India’s plan to bring in a law to ensure doctors prescribe medicines only by their generic names risks proliferating the sale of substandard drugs in a country where regulation is already lax, doctors and pharmaceutical executives say. Prime Minister Narendra Modi said last month that the government was looking at such a law to improve affordability of medicines in…

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Better, cheaper healthcare with dry blood samples

A drop of blood on filter paper, allowed to dry and stored for future diagnostic purposes – considerably easier than the present-day, resource-consuming method using frozen blood samples in plastic tubes. In a new study, Uppsala researchers have successfully measured 92 different proteins in millimetre-sized circles punched out of dried samples. They have shown that…

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To experience beauty, we need to think

In a recent study, two of Immanuel Kant’s theories on experiencing beauty were assessed. The conclusion is that beauty might be in the eye of the beholder, but the beholder will need to think about it to appreciate it. Beauty is an ephemeral term. Many of us will find beauty in a tropical beach or…

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First public sector stem cell bank to come up at KGMU

In what may come as a relief to over 1 lakh patients of thalassemia in India, a public sector stem cell bank is set to come up at UP’s King George’s Medical University here. A project of the university’s transfusion medicine department, the stem cell bank would roll out stem cell therapy to patients of thalassemia and sickle cell anaemia. The proposal is awaiting clearance…

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The exercise pill is here: Burn fat without undergoing fitness training (Video)

For those, who cannot undergo fitness training, ‘exercise pill’ may work as magic for them! A study says, the prospect of an ‘exercise pill’ can be life-changing for people, who don’t work out because of obesity or serious physical disabilities. Hopes for such a pill emerged from scientists who found that an experimental drug allowed mice to run…

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Govt cracks whip, no stent can be withdrawn for now

The government has invoked special powers under the law to prohibit stent makers from withdrawing their products from the market for the next six months. Am id reports that several manufacturers, including Abbott and Medtronics, are seeking to withdraw premium, high-priced stents from the Indian market on account of the price cap imposed by National Pharmaceutical Pricing Authority (NPPA), the…

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European biliary and pancreatic stents market to hit $84 million by 2023

The European pancreatic and biliary stents market, which covers 21 major markets, is set to grow from $60.5 million in 2016 to around $84 million by 2023, representing a compound annual growth rate of 4.8%, according to research and consulting firm GlobalData. The company’s latest report states that key drivers of the market include increased cancer rates and…

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India changes definition of blindness, opts for WHO criteria

India has changed its over four- decade-old definition of blindness, bringing it in line with the WHO criteria, a step that would drastically bring down the number of people considered “blind” in the country. According to the new definition, a person who is unable to count fingers from a distance of three metres would be considered “blind” as…

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Promoting Skill Development and Medical Staff Safety to strengthen healthcare systems

India embarked on its health reform journey a decade ago. A need to address the ever-growing disease burden for a geographically and economically diverse population was recognised in the eleventh and twelfth Five Year Plan, with a host of initiatives and programmes at the onset. The private sector too pledged its participation. However, the current healthcare profile…

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These Detox and Recovery Waters Are Actually Worth the Hype

Trendy waters are all the rage, but how many of them really have health benefits? A dietitian investigates which ones to say “yes” and “no” to. Yes: Watermelon Water Watermelon water is more popular than ever, showing the best of the fruit with a high potassium content, lycopene, vitamin C, and of course, water. (Fun…

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Benefits of Swimming: 10 Reasons Every Woman Should Get in the Water

Swimming can make over your muscles, transform you into a cardio goddess, and turn back the aging clock. Need more reason to suit up? We’ve got ’em right here. Dive in. Benefits of Swimming: It Counts as Both Cardio and Strength Training In swimming, if you aren’t moving constantly, you’re sinking. (Forced cardio!) Plus, water…

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Things That you Have to Count, But not Calories!

  In the desire for a slender line many fall into the trap – counting calories. But what really should not count the number of calories in food or the numbers on the scale, but something quite different. So, move away from the scale, there are far more important mathematics needs to do on a…

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Whiplash: How to Reduce the Pain With Acupuncture and Chinese Medicine

  Whiplash is a neck injury that occurs due to a sudden forceful change in motion causing unrestrained whip-like movement of the head and neck. It causes inflammation and damage to the soft tissue of the neck and upper back but can affect the middle and lower back. It leads to a constant sharp, stabbing…

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