UFlex, one of India’s largest multinationals in flexible packaging materials and solutions and a global leader in pol
The package has been designed to help food and beverage brands add a new eye-catching dimension to their packs.
Coca-Cola is a top target for consumer, investor and environmental groups concerned about petroleum-based plastic sin
The paper packaging, which replaces the plastic film wrapping that is typically difficult to recycle at home, is 100%
The approach was invented by Dr Bushra Al-Duri, from the University’s School of Chemical Engineering and further deve
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Along with the global medical device market, the Indian medical device market has also observed steady growth. GlobalData’s research reveals that India’s medical devices market accounted to around 25 per cent of the Asia-Pacific market in 2021.
India is a key market for medical device outsourcing. This industry has seen tremendous growth over the last few years. Several joint ventures, agreements, and loan licensing procedures have influenced the market and caught the eye of foreign manufacturers.
Key Growth Drivers of the Market
Challenges for the Indian Medical Device Market
In 2017, the Medical Devices Rules aligned the country’s regulatory structure with Global Harmonization Task Force (GHTF) guidelines requiring a four-way risk-based classification of medical devices while also granting perpetual licenses to manufacturers subject to fresh application and retention every five years. From a foreign manufacturer, these rules did away with the requirement for registration and the appointment of a local authorized agent became sufficient to facilitate imports into the country.
The Medical Device Amendment Rules 2020 laid down mandatory registration with appropriate authorities with different timelines for each class of equipment with infused not only transparency but also assures quality of the products.
Means of Strengthening Indian Medical Device Market and Becoming Self-Reliant
Our partners, Yukon Medical, a US-based company, manufactures ViaLok Non-Vented Vial Access devices. These are used to access standard drug vials for needle-free drug preparation and administration and are distributed in India through Packaging Connections’ channels.
The medical device industry is a dynamic industry with frequent innovations. The global market for the same is huge and will continue to grow in the future due to the growing demand from multiple demographics.
Advancement in technology has caused not only an increase in size but also an increase in scope for the medical device industry. It is also predicted that this growth will accompany an increase in the frequency of chronic diseases and the prevalence of infectious diseases.
Medical gadgets that collect data and provide to IoMT systems are supported by smart sensors and smart gadgets. These supplemental innovations are assisting the healthcare industry in improving patient outcomes, lowering costs, and increasing efficiency thus constantly growing in demand.
Glucose monitors, insulin delivery systems, nebulizers, and oxygen concentrators are being increasingly integrated with the patient's EMR, wearables, cell phones, and telehealth platforms to improve the clinical and operational decision-making process.
There has been a 13.3% increase in the number of robotic surgeries performed in 2018 since 2012 (Sheetz KH, Claflin J, Dimick JB. JAMA Netw Open. 2020). Autonomous robots reduce the risk of contamination due to exposure.
During Covid, more PPE kits, testing devices and research material was developed using 3D printing.
Medical Devices as Disease Management Platforms
Healthcare software development has led to the integration of accessories, sensors, data transferring systems and analytics into a single holistic device. Some examples of such “one-stop solution” devices are:
Advanced core body hydration analysis can also be conducted on some analog devices.
The initiative was launched in 2019 and those now signed up include fashion and beauty e-tail giant Zalando, plus bra
A range of 160g chocolate boxes have been produced: Dark Heaven, Milk Heaven and Assorted Heaven.
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Circular PP has the equivalent properties of virgin plastic resins, suitable for producing eco-friendly food packagin
Dermalogica has chosen Aptar’s fully recyclable mono-material pump Future for their upcoming skincare launch.
The radical shift in F1s technical regulations has seen teams forced to adapt to significant change and although the
Natural Abundance, a plant-based food tech start-up, has rolled out its first non-fungible token (NFT) based physical
Footprint, a global materials science technology company focused on creating a healthy planet, today announced the la
Mindful Chef experienced a huge increase in demand for its home-delivered recipe kits during the pandemic.
Global contract development and manufacturing organization Recipharm has inked a deal with a top 10 big pharma compan
The fibre-based sustainable packaging is a USD 10-billion market, and HP’s first step into this industry was when it
