Technology plays a vital role in industries as well as in the personal aspects of lives. Developments in medical device technology have allowed physicians to give better diagnosis and treatment, saving countless lives and continuous improvement in the quality of life.
A medical device is an instrument, apparatus, implant, in vitro reagent, or related product that acts by physical, mechanical, or thermal means and not by chemical action within the body to diagnose, prevent, or to treat diseases or other conditions. Technologies which aid the medical devices to perform diagnose, monitor, and to treat medical conditions are called medical device technologies.
North America was considered to be the largest medical device technologies market because of extensive technological advancements and location of major market players. Europe is the second largest medical device technologies market due to increased population and government regulations facilitating the market growth. Japan, China and India are the fastest growing economy. Asia-Pacific is considered as an emerging market in the technology and health care infrastructure. South American countries such as Brazil and Mexico are the regions that have important potential for growth due to developing medical infrastructure, and high disposable income.
Investments in medical device technology research and development have surged in the recent advances including neuro stimulators, stent, biomarkers, robotic assistance and implantable electronic devices. Various key players also contributing to the global medical device technologies market. You could find more information about the Various Healthcare markets in our blog section– Indian Healthcare Market Overview, Indonesia Medical Device Market, and Philippines Healthcare market.
Other News
India Medical Device Pricing Strategy: Ensuring Growth & Affordability
India’s National Pharmaceutical Pricing Authority (NPPA) is developing a specialized India medical device pricing strategy for medical devices, transitioning away from the conventional drug-centric framework. This innovative strategy will incorporate international pricing tactics tailored to […]
Read MoreImports of High-Value Medical Equipment
High-Value Medical Equipment The Central Drugs Standard Control Organization (CDSCO) and the Central Board of Indirect Taxes & Customs have released a new circular, “F.No.401/40/2021-Cus.III,” detailing updated policies on the import of used high-end medical […]
Read MoreSEC Committee: Pioneering Medical Approvals
New important article released by Central Drugs Standard Control Organization (CDSCO) titled “SEC – Special Expert Committee, Medical Devices”. Key highlights include the streamlined processes for CDSCO application evaluations, preparation and significance of briefing materials, […]
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ErlySign Oral Cancer Detection Technology Gets CDSCO Nod
ErlySign, a Nagpur-based biotech startup, has received approval from the Central Drugs Standard Control Organization (CDSCO) to conduct large-scale clinical trials for its novel oral cancer detection technology. The approval for ErlySign follows a rigorous […]
Read MoreAdditional Steps Announced by FDA to Modernize Clinical Trials
The U.S. Food and Drug Administration has made draft guidance available with updated recommendations for good clinical practices (GCPs), which are intended to modernize the clinical trial design and conduct while maintaining data integrity and […]
Read MoreAccreditation and Registration Numbers for Foreign Manufacturers Publication by PMDA
This article deals In accordance with the Pharmaceuticals and Medical Devices Act (PMD Act) of Japan, foreign businesses that wish to produce pharmaceuticals, quackery products, active pharmaceutical ingredients (APIs), or medical devices abroad and import […]
Read MoreBSI New Certification to Mitigate Antimicrobial Resistance Risk in Antibiotic Manufacturing
BSI, the business improvement and standards company, has developed a new certification to mitigate the risk of antimicrobial resistance (AMR) in antibiotic manufacturing. The certification, called the Minimized Risk of Antimicrobial Resistance (AMR) certification, will […]
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TUV SUD Inspects IVD Medical Devices’ Cyber Security
The growing digital connectivity of medical infrastructure is resulting in complicated systems with a plethora of diverse interfaces that are potentially vulnerable to assault. The IVD requires producers to provide proof of cyber security before […]
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