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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Govt cracks whip, no stent can be withdrawn for now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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Philips shipping healthcare products from India

After establishing Pune as the global headquarters for its mobile surgery division, Dutch technology company Royal Philips is exporting the products it developed here to the Western markets.  “India is a very important growth market for us, as well as an important R&D and manufacturing location,” Bert van Meurs, general manager for image guided therapy…

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Amazon enters Britain’s fresh food market with Morrisons deal​

  Online retailer Amazon (AMZN.O) is set to enter the British fresh food market after striking a supply deal with supermarket Morrisons (MRW.L), potentially ramping up competition in the already cut-throat sector. Morrisons, Britain’s fourth biggest supermarket, said on Monday the deal would allow Amazon Prime Now and Amazon Pantry customers access to Morrisons ambient,…

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Top 6 healthcare technology trends for 2016

As healthcare continues to evolve, technology advancements will be required to ensure quality care in the face of change. Increased consolidation within the healthcare industry is driving the need for interoperability across providers, plans and systems. The ability to synchronize and share data between healthcare entities will be key for delivering quality holistic patient care….

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