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Mexico grabs USD915 mn FDI for medical device production

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19-Aug-16 Mexico received USD915 mn in FDI for the production of medical devices over 2013-15. The medical devices sector is one of the country's most dynamic manufacturing sectors. Public health organizations provide 70-80% of healthcare services. Mexico is a major producer of medical devices and the largest exporter of medical devices to the US. [image: EuTech]

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The new hotbed for device startups: Bangalore

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15-Aug-16 India now is a springboard for developing medical device companies who envision a big future on a global scale. Of the 37 mn people who are blind, more than 15 mn are from India. Forus Health’s 3nethra device is designed to take a picture of the eye and detect the five major ailments that lead to blindness. [image: Forus Health]

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Firms in aging Thailand bet on demand surge

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15-Aug-16 CT Asia Robotics is one of many Thai firms investing in healthcare for the aged in a country where the working-age population will decline this year. Diaper maker DSG International has seen adult diaper sales grow 30% this year. Another company seeing opportunity in the demographic change is Samaphan Health, which sells mattresses and respiratory products to aid sleep. [image: Reuters / Athit Perawongmetha]

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Investors should explore China’s medical gloves industry

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11-Aug-16 Malaysian and Chinese investors should enter into joint ventures to tap the huge potential for rubber medical gloves in China, given the country’s huge population and low usage of such gloves currently, Malaysia's Plantation Industries & Commodities Minister has said. China's current use of rubber medical gloves is three pairs per capita, compared with 25 pairs per capita globally. [image: The Star]

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Atomo Diagnostics secures AUD4.5 mn in funding

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11-Aug-16 Australian medical device innovator Atomo Diagnostics announced it has raised AUD4.5 mn in new equity from professional investors. Former Macquarie Group Managing Director and CEO Allan Moss said, "Atomo has developed a remarkably user-friendly and accurate testing device which has the potential to assist greatly in detecting HIV and other diseases in Africa and globally." [image: Atomo Diagnostics]

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