Medical Technology Market in India – Engagement pays off
Authors: Maria Klaas, Klaas consulting and Harshita Gupta, Morulaa Healthtech PVT. Ltd.
May 2023 – Medical Technology Market in India. India, the seventh largest country in the world with a population of almost 1.4 billion, offers medical device manufacturers a market with great opportunities, but also with many challenges.
According to GTAI, the market is growing at an average rate of 22% per year. The current market size is estimated at 11 billion USD. Ernest & Young consider a growth of up to 50 billion USD possible in 2050.
Market Segmentation in Germany as a Key Success Factor for Market Entry
July 2021 – Market Segmentation in Germany – According to the Federal Ministry of Health, there are about 400,000 different medical devices in Germany. These are diagnostic devices, products for surgery, intensive care, implants, products for sterilisation but also covers and medical aids of various kinds or surgical materials and laboratory diagnostics, and many more.
The new Medical Devices Regulations (MDR) – what you need to know!
The new Medical Devices Regulations (MDR) and the Active Implantable Medical Devices Directive (AIMDD) were published in May 2017. Its transitional period will end on 26 May 2020. From that date the MDR will apply fully.
27.02.2019 – It was a great pleasure to be invited by Fiona Evans (3rd fom left), US Consul General, and Ken Walsh (2nd from right), US Commercial Consul for few homemade chilis to a casual lunch at Ken’s residence.
Meet us at Medica in Duesseldorf (13. – 16. November 2023) – ask for an appointment!
(Aug 23) Swissdamed (Swiss Database on Medical): ACT module, available from the beginning of 2024 for the registration of companies; registration of products via UDI module, available from summer 2024.
(Aug 23) 39 Notified Bodies in 16 countries are now accredited. Currently there are 10 each in Italy and Germany, 3 in the Netherlands; in addition, two each in Finland and Poland and one each in Belgium, Slovakia, Hungary, Norway, France, Sweden, Slovenia, Spain, Ireland, Croatia, Cyprus and Czech Republic . Nando database
(Dec 22) According to the Roland Berger MedTech@Hospital study, about two-thirds of German hospitals expect to close the 2022 financial year in the red. More than half also plan to invest less in medical technology.
(Nov 22) According to the Roland Berger study "Global MedTech-How to succeed in uncertain times", the medical technology industry is struggling with high energy costs, rising inflation and supply chain problems. Solutions are offered by digitalisation, more benefit-based billing models and the shift towards personalised medicine.
(Nov 22) Facts&Figures 2022 from MedTech Europe, the European trade association for the medical technology industry
(Nov 22) New MDCG document on requirements for Notified Bodies - in the context of the MDR as well as IVDR
Internet platform for medical needs in Ukraine by the German initiative Medical Bridge.eu
European industry association for digital assistive technology DATEurope founded in early 2021. DAT includes aids for communication, for the blind and visually impaired, for environmental control, assistive call systems, software tools and robotics.