05-Oct-15 India plans to set up two medical devices parks to facilitate the sector's growth, which is currently at a nascent stage. The government has identified 400 acres near Chennai and 100 acres at Hyderabad for the parks. The domestic market is worth $6.8 bn, but only one-third is locally manufactured. India also exports $1 billion of medical devices. [image: Business Standard]

24-Sep-15 Siemens Healthcare, which became a separate legal entity in 2014, expects to be a market leader in every segment of its industry, and the Chinese market will be a core part of this plan for the next decade. “We are now trying to increase our product portfolio, and keep on innovating to produce more affordable healthcare products,” CEO Bernd Montag said. [image: Siemens]

23-Sep-15 GE Healthcare has announced a new business unit, Sustainable Healthcare Solutions, that will develop high-value, low-cost technologies and healthcare delivery solutions, investing USD300 mn as part of a multi-phase effort to develop a more robust affordable healthcare portfolio for its customers. The unit will combine GE Healthcare’s operations in India, South Asia, Africa and Southeast Asia. [image: GE Healthcare]

21-Sep-15 Compumedics has further strengthened its Asian footprint with a A$1 million three-year sleep diagnostic and monitoring systems contract in China. The deal with long-term Shanghai-based distribution partner ZhiNuo will result in deployment of Compumedics technology in and around Shanghai. [image: Compumedics]

18-Sep-15 Olympus Capital Asia is investing USD40 million in healthcare operator Tian Jian Hua Xia Medical Group Holdings (aka Tendcare). Tendcare currently runs five hospitals with over 2,400 beds, four pharmacies, two medical equipment companies and 17 clinics. The company is also set to acquire seven more hospitals. [image: China Money Network]