MedTech Spectrum

Article Name Medical Devices

Rapid Medical’s ‘Active Access Solution’ receives FDA approval and completes first neurovascular case in the U.S.

High-performance navigation of catheters and devices in neuro and peripheral vascular procedures

22nd July, 2024

EMVision unveils backpack-sized brain scanner to empower first responders

Miniaturising its portable brain scanner technology to tackle the global burden of stroke

22nd July, 2024

Medprime Technologies launches Micalys, an innovative AI-integrated digital microscopy platform

The groundbreaking device is set to become an essential tool in diagnostic laboratories, research facilities, and educational institutions across the country

04th July, 2024

KORU Medical Systems receives regulatory clearance for FreedomEdge Infusion System in Japan

Reliability, precision, and patient-friendly design to offer efficient administration of therapies

02nd July, 2024

ZAP Surgical Systems completes first surgery by new ZAP-X Gyroscopic Radiosurgery Platform

Designed to enhance precision and minimize potential radiation exposure to healthy critical anatomy

02nd July, 2024

Pulnovo Medical announces first enrollment in Portugal for global clinical study of PADN technology

For treatment of pulmonary hypertension associated with Left Heart Disease

02nd July, 2024

MediTech Stackathon 2024 to Drive Explosive Growth

India's MedTech industry holds immense potential, with projections estimating a growth rate of 28 per cent annually, and hitting $50 billion by 2030. India is the fourth largest market for medical devices in Asia and among the top 20 globally. Net imports for 2022-23 stands at $4.101 billion with an import coverage ratio of 0.45. The sector has witnessed a surge in imports, driven primarily by countries like the US, China, and Germany, however, India's robust policy ecosystem presents opportunities for exports and reducing import dependence through domestic manufacturing. Exports have overtaken imports in consumables and disposables during the last year. The industry now needs to continue with the momentum in other pillars of the medtech sector. Against this promising backdrop, the Department of Pharmaceuticals rolled out MediTech Stackathon 2024, in a bid to harness the collective expertise of stakeholders to ultimately propel the industry towards unparalleled heights of innovation and self-reliance. Let’s explore how the Indian medtech industry is prepping for the big leap.

01st July, 2024