Increasing diabetes care awareness, wider insurance coverage and preference for devices that do not need finger pricks have benefited CGMs such as Abbott's popular FreeStyle Libre. The company's CGM sales, which include newly launched over-the-counter device Lingo, rose nearly 21% organically to more than $1.6 billion.
The fourth edition of ETHealthworld’s Healthcare Leaders Summit (HLS) provided a platform to industry leaders and key policy makers to discuss and share innovative solutions which can drive sustainable progress and build a resilient healthcare system that can support the nation’s evolving needs. Furthermore with its Healthcare Leaders Awards (HLA) segment the summit also attempted to honor the effort of those players who have adeptly carried the burden of our healthcare system.
The dockworkers began their first large-scale stoppage in nearly 50 years earlier on Tuesday, halting about half the nation's ocean shipping after negotiations for a new labor contract broke down over wages.
We are now experiencing a time where readily available medical devices allow individuals and families to monitor their health vitals real time conveniently and accurately from the comfort of their homes. Early detection of potential concerns that can easily be flagged by such devices empowers them to seek timely medical attention and empower their doctors to make more informed decisions about their well-being.
Limited U.S. commercial release of its Evolut FX+ Transcatheter aortic valve replacement device was initiated during the quarter, the company said. The device is used to perform minimally invasive surgery for people with heart valve disease.
Zimmer, however, cut its annual revenue growth forecast anticipating a higher foreign currency impact. Zimmer now sees revenue growth of 4 per cent to 5 per cent from a year earlier, compared to 4.5 per cent to 5.5 per cent growth forecast previously.
In addition, the health minister said, patients could save Rs 24,273 crore after buying medicines and medical devices under the Affordable Medicines and Reliable Implants for Treatment (AMRIT) scheme.
The Michigan-based company, which offers implants for joint replacement, trauma and spine-based surgeries, surgical equipment, among other products, now expects 2024 organic net sales growth to be in the range of 9% to 10%, higher than its previous forecast of 8.5% to 9.5%.
The medical devices sector is experiencing a significant rise in cybersecurity spending, with growth projected at 12.9 per cent from $631.2 million to $1.2 billion between 2022 and 2027. This surge in investment is a response to the increasing number of cyber threats targeting devices in healthcare settings, which are often more vulnerable than IT infrastructure in other industries, stated GlobalData's latest report Cybersecurity in Healthcare – Thematic Intelligence
The Union Budget 2024 has limited provisions impacting the pharma and healthcare sectors. It has provided relief to cancer patients by fully exempting three more medicines from custom duties. These drugs are Trastuzumab Deruxtecan, Osimertinib and Durvalumab - drugs manufactured and sold by AstraZeneca. The stock of Astrazeneca India closed over 13% today.
To uphold India's global reputation as the 'Pharmacy of the World,' it is essential to establish a world-class regulatory framework that aligns with our scale of operations and international expectations. Ensuring transparency in procedures at the CDSCO and within the drugs and medical devices industry is crucial to achieving these global standards, stated Union Minister for Health and Family Welfare, JP Nadda during a high-level meeting reviewing the regulations of drugs, cosmetics, and medical devices in the country.
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