• Download mobile app
24 Sep 2018, Edition - 1168, Monday

FLASH NEWS:

  • Govt rejects JPC demand, 10-point justification issued, ‘CAG, CVC looking into matter’
  • Flood threat looms over Punjab, CM Amarinder Singh holds high-level meet; schools, colleges shut tomorrow
  • Crucial meet on SC/ST act at 4pm today
  • J&K: 1 jawan martyred in Tangdhar encounter
  • The Bishop was arrested after three days of interrogation on Friday
  • EPS-OPS govt invites DMK President MK Stalin, Kanimozhi and TTV Dinakaran for MGR centenary celebrations on 30th Sep
  • Kerala Nun Rape Case: Bishop Franco Mulakkal’s bail plea rejected as judicial custody has been extended till October 6th
  • Commander Abhilash Tomy rescued
  • Congress President Rahul Gandhi visits his LS Constituency Amethi
  • 15-year old boy lynched in Tamil Nadu for alleged theft

Coimbatore

PSG biomedical innovation centre opened; medical device industry can touch $50b by 2025

Covai Post Network

The medical device market in India has potential to reach $50 billion by 2025, according to PSG Institute of Medical Science and Research Dean Dr S Ramalingam. It was valued at $6.36 billion in 2013 and was growing annually at 15 per cent, he said at the inaugural function of the PSG Centre for Biomedical Innovation.

“The US is known to be a global leader in medical devices. Import constitutes almost 70 per cent of the Indian medical devices market. There is no competitive manufacturing base of medical devices here,” he said.

Managing Trustee L Gopalakrishnan was the chief guest at the function. He inaugurated the centre and said, “This centre brings together expertise and rigour in research, bioethics, regulatory sciences and medical domain knowledge and experience to help budding bio entrepreneurs with a scientifically valid, regulatory complying and swifter pathway to a product.”

COIMBATORE WEATHER