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uk/news-releases/research-and-markets---global-in-vitro-
diagnostics-market-2017-2023-roche-diagnostics-siemens-621861143.html
https://www.trivitron.com/blog/5-reasons-why-india-will-soon-
become-a-global-leader-in-high-quality-affordable-diagnostic-
solutions/
Infrastructure Development
The infrastructure development in the Indian healthcare industry
has been indirectly helping the diagnostics market of India to boom
to some magical figures. With a compound, annual growth rate
(CAGR) of 18.1 percent from 2009 to 2016, IVD has emerged as
one of the most profitable markets in the Indian healthcare industry.
Enhancements in the corporate hospital infrastructure and
installation of automated and semi-automated biochemistry,
immunology, and hematology equipment have enabled the market
to achieve this healthy growth rate.
The global in vitro diagnostics market is estimated at USD 60.22 billion in 2016.
This market is expected to grow at a CAGR of 5.5 percent during 2016 to 2021 to
reach USD 78.74 billion by 2021, states Markets and Markets. The growing
acceptance of molecular diagnostics in personalized medicine, increasing
prevalence of lifestyle and chronic diseases, and growth in the number of private
diagnostic centers are key factors driving market growth. Untapped emerging
regions showcase new growth opportunities for this market. However, market
growth is restrained by the lack of reimbursement and increasing healthcare cost.
On the basis of application, the market is segmented into diabetes, infectious
diseases, oncology/cancer, cardiology, HIV/AIDS, autoimmune diseases,
nephrology, drug testing/pharmacogenomics, and other applications. In 2016, the
infectious diseases segment accounted for the largest share of the IVD market.
The large share of this segment is attributed to the rise in the incidences of
various infectious disorders such as tuberculosis (TB), hepatitis, and hospital-
acquired infections which fuel the demand for IVD tests. The oncology/cancer
segment is expected to register the highest CAGR during the forecast period due
to the growing incidences of cancer forms that stimulate the demand for early
detection of the disease.
In 2016, North America accounted for the largest share of the IVD market,
followed by Europe. Factors like easy accessibility to technologically advanced
products and presence of a large number of leading IVD manufacturers in the
region are driving market growth in North America. Similarly, the rising prevalence
of chronic lifestyle and genetic diseases, rising geriatric population, increasing
acceptance of personalized medicine, and growing adoption of technologically
advanced products are driving the growth of the North American IVD market.
The Asia-Pacific region is expected to witness the highest growth in this market
majorly due to improving healthcare infrastructure and growing economies in
China and India. In addition, manufacturers are increasingly focusing on
strengthening their presence in emerging APAC countries.
http://www.developmentnews.in/india-ivd-sector-scaling-next-growth-trajectory/
The invitro diagnostics (IVD) market in India is growing at a phenomenal
pace and the country has the potential to emerge as a global
manufacturing hub in the medical devices space. India is the fourth
largest market for IVD devices in Asia after China, Japan and South
Korea. Demand for personalized medicines, innovations in diagnostic
techniques, increasing preference for point-of-care testing among the
general population, a growing geriatric population base and increase in
disposable incomes is driving the growth of the IVD sector in India.
Increasing proliferation of lifestyle ailments like heart disease and rising
awareness of minimally invasive and non-invasive diagnostic techniques
have emerged as positive triggers for positioning India as a rapidly rising
market for IVD devices. The demand for clinical chemistry products is
anticipated to be vastly bolstered by advances in self-monitoring
methods for diabetes and patient screening techniques along with the
increasing use of point-of-care systems which offer greater diagnostic
accuracy. The molecular diagnostics products market is expanding
rapidly as they possess higher precision and allow for speedy detection
of infectious diseases and genetic disorders at an early stage of
development.
Advances in surgical techniques, emerging trends in emergency
diagnostics and evolutions in patient care systems point to the fact that
hospital laboratories would be the key determinants in deciding the
designing and marketing strategies of IVD makers. Clinical laboratories
will also form an important client base for the countrys IVD sector with
the need for revamped devices and testing capabilities. The rapid growth
in the home healthcare segment is also set to govern the parameters on
which IVD players would position their product portfolios.
Global IVD companies are expanding their operational footprint in India
which presents a growing market for their products like ready-to-use test
kits equipped with features like high specificity and acute diagnostic
analysis. There is a growing need for advanced diagnostic products
which include sequencers and molecular test analyzers for servicing the
rapidly rising rural healthcare sector.
The medical devices industry in India is still in a nascent stage and its
efficacies are largely restrained by a fragmented structure and its import
centric nature. The Indian IVD sector comprises small and medium
players who have a limited R&D budget and whose manufacturing
capabilities are limited to making low-cost high-volume products like
medical disposables. The demand for high-end test kits and tubes is
broadly sourced by imports from global MNCs. There is an urgent need
to broaden the contours of the ambitious Make in India program of the
government of India and make it a commendable tool for bolstering the
manufacturing efficacies of the Indian IVD industry and indigenize its
capabilities.
The Indian government has taken positive steps to boost the capacities
of the domestic IVD sector. The formulation of the Medical Devices Rule
2017, which will come into effect from January 1, 2018, is a key measure
which will direct investment inflows in the sector and reduce the
production cost of devices, whose benefits, in turn, can be passed on to
the end user. The healthcare sector is likely to receive a flurry of
investments with the government considering coming out with a new FDI
policy.
The government needs to provide a level-playing field to domestic IVD
manufacturers vis--vis their global peers by removing the anomalies in
inverted duty structure and reducing the tariff on raw materials. Stake
holders across the healthcare supply chain should be involved in
conceiving policy measures and creating a viable incentive structure that
will increase investment volumes in the sector and promote innovation
and technical advancement. Greenfield manufacturing units and new
age startups should be encouraged to scale their capabilities through
extension of financial incentives in the form of tax holidays. These
measures will ensure that there is a wider outreach of healthcare sector
benefits, especially state-of-the art IVD products, to a larger section of
the population at affordable price points.
Priority should also be placed on creating an industry-friendly regulatory
structure which would be aligned with global regulatory regimes which
would enforce market-compliant business practices for the domestic IVD
industry.
The right mix of pro-industry policy initiatives and investment strategies
can position India as a global IVD manufacturing power and leverage its
latent competencies to scale the next level of growth trajectory.
https://www.vccircle.com/medical-devices-sector-needs-incentives-
enhance-innovation/
2016
For example, at present (2016) Indias demand for
IVD (in vitro diagnostics) kits/strips/tubes is largely
met through imports and the quantum of imports is
as high as Rs 2,000 crore and MNCs are the major
suppliers of IVD diagnostics reagents with no
manufacturing presence in India.
http://www.skpgroup.com/data/resource/skp_the_
medical_device_industry_in_india_sep2016_.pdf
The MoHFW will frame separate rules for medical devices under
the existing Act and bring out separate legislations for
regulating medical devices, drugs and cosmetics.
The certi cation scheme being launched has two certi cation
options, ICMED 9000 certi cation (an International Organization
for Standardization (ISO) 9001 plus additional requirements)
for low-risk medical devices and ICMED 13485 (an ISO 13485
plus additional requirements) for medium and higher risk
devices.
Transactions
With this new world class facility, the company believes that they
would be able to provide affordable rapid diagnostics in India
and throughout the Asia-Paci c region.
Forus Health
Remidio
Sattva Medtech
Sattva Medtech
Forus Health, Remidio and Sattva Medtech are a few of the start-ups
who have developed revolutionary products which are high-quality
and affordable. Sattva Medtech has developed a small, light and
wearable device to detect fetal distress and notify the doctor
via an SMS in case of emergencies. The price for the device will be
two-thirds the price of similar devices manufactured by Philips and
GE.
http://www.nishithdesai.com/fileadmin/user_upload/pdfs/Research
%20Papers/The_Indian_Medical_Device_Industry.pdf
The Indian medical device sector is worth approximately USD 5.5
Billion and is growingat 15% CAGR.1 The medical device market is
dominated by imported products, which com- prise of around 75% of
total sales. The domestic companies are largely involved in
manufacturing low-end products for local and as well as inter-
national consumption. Lately, many multina- tional companies have
established local presence by acquiring established domestic
companies or starting a new business.
There are few key factors about operating in India that every serious
player should be aware of. Foreign Direct Investment in medical
device manufacturing sector is now possible without any prior
approval. The Indian legal regime is robust and promotes innovation
and commerce. Being a signatory to the TRIPS Agreement (Trade-
Related Aspects of Intellectual Property Rights), India todays boast
of strong patent, trade mark and copyright protection within its
territory. India has
intro
The approximate USD 5.5 Billion worth Indian medical device sector
is Asias fourth largest market, and presents an exciting business
landscape and opportunities for both multi-national and domestic
players
oday, Indias medical device sector is dominated by multi-national
companies, which is evident from the fact thatabout 75% of the
sales are generated by imported medical devices. The domestic
players, on the other hand, were quick to adapt the winds of change
and started to focus on low cost devices. It will come as a surprise to
many that the domestic players in India export more than 60
percent of their output as Indian markets are dominated by such
imported medical devices. Over the years, many multi-nationals
have set up operations in India. However, the natureof majority of
the operations is to only distribute imported devices and provide
support function. Few multi-nationals have started domestic
production too. Some multi-nationals have also entered Indiaby
acquiring domestic manufacturers. For example, in 2008,
Netherland-based Royal Philips Electronics, a leading manufacturer
of General X-Ray acquired Alpha X-Ray Technologies, a leading
manufacturer of cardiovascular X-Ray systems.
Part II
e. Subject to the clause (c) and (d), software that is not incorporated
in an in vitro diagnostic medical device, shall be classified
usingthe classification provisions as specified in paragraph 2.
45
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Make an glossary
http://www.raps.org/Regulatory-Focus/News/2017/02/23/26946/Final-
Versions-of-EU-MDR-IVD-Released-Voting-Begins-Next-Month/
https://www.infosys.com/consulting/insights/Documents/indian-
medical-device-industry.pdf
http://data.consilium.europa.eu/doc/document/ST-10729-2016-
INIT/en/pdf
http://www.marketwired.com/press-release/eu-ivd-regulation-top-
five-changes-medical-device-manufacturers-consider-new-webinar-
2215276.htm