India Ranks as Asia's 4th Largest Medical Devices Market, Eyes $50B by 2030

India is presently the fourth largest medical device market in Asia, boasting an industry valued at USD 14 billion and exports totaling USD 3.7 billion. The MedTech program is expected to assist local manufacturers in expanding the market value to...

Indian Pharma Market Grows 6.1% in October 2024

The Indian pharmaceutical market (IPM) experienced a 6.1 percent value increase in October 2024, with significant therapies demonstrating favorable value growth, as per a report from market research firm Pharmarack. Among these areas, the cardiac...

Unravelling India's Pharmaceutical Potential

In the ASSOCHAM Annual Pharma Summit 2024, Nakul Verma, Senior Director, Sanofi, shares industry analysis of the emerging pharmaceutical landscape. He pointed out India's outstanding potential in the pharmaceutical sector, focusing on the future's...

Pharma Industry deal value drops 69% in October 2024

In October 2024, the pharmaceutical sector disclosed 102 transactions worth $8.9 billion, representing a 69 percent decrease in deal value relative to October 2023. GlobalData reports that this deal activity also did not meet the average from the...

Laborie Secures New AMA CPT Code for Advanced Prostate Procedure

Laborie Medical Technologies Corp (Laborie), a top company in diagnostic and therapeutic medical technology, disclosed that the American Medical Association (AMA) has introduced the new Category 1 Current Procedural Terminology (CPT) code 52XX2...

AI Dialysis Machine to transform Renal Care, Cutting Costs by 75%

The AI-powered smart haemodialysis machine aims to increase access to renal care and reduce costs by up to 75%, bringing the price down to approximately Rs 2 lakh. Nephro Care India Limited (NCIL) is working with the National Institute of...

Dozee's AI Predicts Health Deterioration 16 Hours Early in Advance

Dozee, India’s Health AI leader, has unveiled the findings of a landmark study published in the internationally renowned journal Frontiers in Medical Technology. This journal is part of the prestigious Frontiers group. The study was conducted at...

MHRA Speeds Up Global Polio Eradication with Advanced Detection Method

MHRA is showcasing efforts to train various WHO polio labs worldwide with an advanced molecular direct detection technique that can reduce detection times by 50%, aiding in the global push to eliminate polio and save lives...

Bayer and Dewpoint Therapeutics Ink Pact for Heart Disease Program

Bayer has made an exclusive deal with Dewpoint Therapeutics, Inc. for a heart disease program targeting dilated cardiomyopathy (DCM) patients with specific mutations. This marks the initial opportunity for collaboration between Bayer and Dewpoint...

Thermo Fisher and Telangana Govt to Set Up Bioprocess Design Centre

Thermo Fisher Scientific signed a Memorandum of Understanding (MoU) with the Telangana Government to set up a bioprocess design centre (BDC) in Genome Valley, Hyderabad. With a total area of 10,000 sq. ft., the bioprocess design center is...