MedTech Spectrum

Article Name Medtech

Algorand and SEWA join forces to launch digital health passport initiative for women's empowerment

Algorand Foundation’s India arm, AlgoBharat, launches a blockchain-based digital health passport solution in partnership with Lok Swasthya SEWA, the health team of self-employed women's association (SEWA).

16th 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

WillowWood Global to open a Rehabilitation Engineering Research Center

To advance clinical care for the interface between human and device

03rd July, 2024

Avicenna.AI secures MDR certification for medical imaging AI portfolio

Include the company's suite of AI tools for vascular and neurovascular conditions

03rd July, 2024

Genetesis launches MICRO2 trial with announcement of first patient enrolment

For validation of MCG’s capacity of non-invasive diagnosis of Coronary Microvascular Dysfunction

03rd July, 2024

Zepp Health unveils new Zepp OS 4 with integrating OpenAI's GPT-4o into its Amazfit Smartwatches

Advancement in wearable intelligence

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