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Medical value travel industry in India to reach USD9 bn by 2020

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06-Oct-16 The medical value travel (MVT) industry is a fast growing segment of India's tourism industry, worth USD3 bn with 15% CAGR. However there is significant potential for accelerated growth. While 11 mn people travelled to seek treatment in 2015, only 500,000 travelled to India. MVT could reach USD9 bn by 2020 and establish India as ‘The provider to the world’. [image: DNA]

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Arthroplasty registry gives Taiwan edge in orthopedics

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06-Oct-16 Taiwan’s National Arthroplasty Registry, the first of its kind in Asia, is helping increase the success rate of local joint replacement procedures. Containing information on implants, cases and surgery techniques, the registry assists healthcare professionals in tracking trends impacting patient recovery and identifying problematic joints. [image: CNA]

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China's Fosun eyes Brazil hospital deals

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05-Oct-16 Chinese conglomerate Fosun International is in advanced talks to acquire Hospital da Bahia, a Brazilian hospital in the city of Salvador, for about BRL1 bn (USD308 mn). Brazilian business daily Valor Economico reported that Fosun is also looking to spend an additional BRL2 bn on other acquisitions to form a Brazilian hospital chain. [image: Fosun International Ltd]

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Cabinet approves setting up of India's first medical park

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05-Oct-16 Giving a push to local production of high-end medical equipment, the Indian government has given its nod to sub-lease over 300 acres of land in Chennai for the country's first medical devices manufacturing park. The project will reduce the dependence on imports and create a strong base for domestic industry by providing access to state-of-the-art infrastructure. [image: PTI]

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Intuitive Surgical teams with Chinese company on lung cancer

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03-Oct-16 Intuitive Surgical is expanding into robotic-assisted catheter-based medical devices through a JV with Shanghai Fosun Pharmaceutical. These devices will use IP from Intuitive Surgical and will focus on diagnosis and treatment of lung cancer. R&D and manufacturing will take place in Shanghai. Intuitive Surgical will oversee distribution outside China while the JV will be in charge within China. [image: Asian Scientist Magazine]

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