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India to be manufacturing hub for Siemens medical technology

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21-Dec-14 Siemens is looking at expansion of its healthcare equipment manufacturing base in India, to cater to the global market as well as to "introduce more India-relevant products". Siemens believes India is receptive to innovation and very quick to adopt new products. [image: The Economic Times]

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Medtronic and other foreign medical device players face more competition in China

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11-Dec-14 Medtronic will turn over more than USD900 million in China this year, up from only USD50 million ten years ago. Its China strategy is multi-faceted, involving imports, local R&D, patient education and M&A. Despite this success, the advantage Medtronic - along with other foreign device makers - has carved out, is increasingly under pressure from local players, whose ability to innovate and drive costs down via frugal engineering is creating a new standard of excellence. [image: China Business Review]

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Levelling the field for medical device manufacturing in India

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10-Dec-14 India’s fast-growing medical devices market is dogged by tax and regulatory anomalies and malpractices, making it difficult for local manufacturers. Good news: These problems will be addressed soon by the Drugs & Cosmetics (Amendment) Bill 2014, which is expected to be passed in the current parliament session. [image: PV Sivakumar_The Hindu Business Line]

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India “too reliant” on Chinese drug imports

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05-Dec-14 India produces a third of the world's medicines, mostly in the form of generic drugs. But more than 80% of the raw materials for these drugs are imported from China. That gives its neighbour a virtual monopoly over pricing and supply - so much so that there are now no domestic Indian producers of many essential medicines, a situation that worries the Indian government. [image: The Insider]

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Rising demand for Taiwan-made medical equipment and technology

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28-Nov-14 Taiwan’s medical equipment industry output increased by over 5% in 2014 to USD2.8 billion, driven especially by demand for new and ‘smart’ applications. Demand for Taiwanese medical equipment will continue to increase in 2015, most notably in India. [image: Want China Times]

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