ForumCoin Special Offer: Free ForumCoin Exchanges Close
Forum Coin is an online community where you earn Forum Coin for making posts and referring other members. You can use that Forum Coin as a virtual currency to buy and sell goods and services and to exchange for traditional, real world currencies. Find out more!
Questions and discussions related to business, making money online, cryptocurrencies, etc.
Forum rules
Please ensure that all posts add to the discussion are are quality posts. Any low quality posts will be deleted. Please read "What makes a worthwhile post? before posting. This section is not for questions or topics about Forum Coin and these discussions should instead be posted in our ForumCoin Related Discussions. You must not post referral links in this forum.

Do You Know These facts About The Medical Device Industry In India?

Postby A K Rao » 11 Aug 2018, 18:04

There are some interesting facts to know about the Medical Device Industry In India.

1. The Medical device industry India contributes 4 to 5% to the Indian Health Care Industry.
2. India has about 750 to 800 Medical Device Manufactures in the Country.
3. India is counted among top 20 Global Medical Device Market.
4. india is 4th largest Medical Device Market in Asia only next to Japan, China and South Korea.
5. with the liberalization of Global Policies some famous MNCs like Beckton Dikinson's (BD) and Philips Medical System have set up their factories in India.
6.Currently because of new policies only 15 categories of devices are categorized under drugs to make the Devices easier to sold in the market.
7. The new tax rate of GST is now got reduced from 13% which were to be paid at different levels to 12% which is a big boon for eth Medical Device Industry which will help teh industry to have lower cost of manufacturing.

Did you know any of above facts? Thanks!
  • 1

User avatar
A K Rao
 
Posts: 2,466
Location: India
Referrals: 2
Reputation: 298
ForumCoin: 47

Re: Do You Know These facts About The Medical Device Industry In India?

Postby ceci » 13 Aug 2018, 08:53

Thanks for the facts and information. I didn't know this before this, I though those specialized devices mostly from USA and Germany.
  • 1

User avatar
ceci
 
Posts: 8,401
Referrals: 5
Reputation: 308
ForumCoin: 435

Re: Do You Know These facts About The Medical Device Industry In India?

Postby skysnap » 13 Aug 2018, 09:32

I think in future lot of medical devices are going to be there. And we are going to learn a lot in the due process.
  • 0

User avatar
skysnap
 
Posts: 12,285
Reputation: 1005
ForumCoin: 1,209

Re: Do You Know These facts About The Medical Device Industry In India?

Postby A K Rao » 13 Aug 2018, 10:56

ceci wrote:Thanks for the facts and information. I didn't know this before this, I though those specialized devices mostly from USA and Germany.


Under the Scheme of 'Make In India' many other Multi national Companies are also expected to join with other Companies in India soon in manufacturing of Medical devices. Government has made the official procedures very easy now a days for having various permissions and licenses which is a big relief for such companies! Thanks!
  • 0

User avatar
A K Rao
 
Posts: 2,466
Location: India
Referrals: 2
Reputation: 298
ForumCoin: 47

Re: Do You Know These facts About The Medical Device Industry In India?

Postby Happyland » 23 Aug 2018, 01:33

As always it is better to maintain one's health than rely on the medical establishment. Too many people are losing their grip on what health is and how to maintain it. Is the Quell medical device being used? It is a wearable device that is used to reduce pain. It is drug-free and effective. Technology is the future of medicine.
  • 0

User avatar
Happyland
 
Posts: 5,688
Reputation: 530
ForumCoin: 458

Re: Do You Know These facts About The Medical Device Industry In India?

Postby Kei » 23 Aug 2018, 05:23

Happyland wrote:As always it is better to maintain one's health than rely on the medical establishment. Too many people are losing their grip on what health is and how to maintain it. Is the Quell medical device being used? It is a wearable device that is used to reduce pain. It is drug-free and effective. Technology is the future of medicine.


This is correct. It is better to take care of yourself by having some knowledge. You'd know when to seek medical help. I think it shouldn't be eliminated completely. These devices should make things easier.
  • 0

Kei
 
Posts: 1,779
Referrals: 2
Reputation: 79
ForumCoin: 325

Re: Do You Know These facts About The Medical Device Industry In India?

Postby skysnap » 23 Aug 2018, 11:19

I think as time goes ahead things need to change. And we have to understand cost of the production of such devices will have impact too.
  • 0

User avatar
skysnap
 
Posts: 12,285
Reputation: 1005
ForumCoin: 1,209

Re: Do You Know These facts About The Medical Device Industry In India?

Postby arunima » 23 Aug 2018, 11:34

I was not aware of these facts and information. Thanks for sharing it. With the current schemes like "Make In India" and "Skill India", I hope things will get further boost. We hope to see a brighter future.
  • 0

arunima
 
Posts: 2,022
Location: India
Referrals: 1
Reputation: 151
ForumCoin: 876

Re: Do You Know These facts About The Medical Device Industry In India?

Postby Vinaya » 23 Aug 2018, 12:46

I do not know any of these facts even a lot of people from my country travel to India for treatment. India is number one destination for many people because of low cost medical expenses.
  • 0

User avatar
Vinaya
 
Posts: 2,368
Referrals: 2
Reputation: 158
ForumCoin: 0


Return to Business, Money & Wealth - BMW Forum

Who is online

Users browsing this forum: No registered users and 0 guests

Reputation System ©'