18-Feb-16 To reduce cost and time for Indian companies to obtain globally accepted certification, the Quality Council of India is likely to introduce a voluntary certification scheme, "Indian Certification for Medical Devices" in one month's time. The scheme intends to enable the Indian medical device industry to demonstrate adherence to the best international standards and enhance credibility in the world market. [image: NABCB]

18-Feb-16 Patients from all over the world flock to India for treatment, drawn by the value for money. Cardiac surgery costs USD6,000 compared to USD20,000 in Russia, while a liver transplant that would cost USD200,000 in the US can be had for USD14,000. India receives about 230,000 medical tourists a year. Apollo Hospitals derives 15% of its revenue from medical tourists. [image: Ninad Sheth]

17-Feb-16 Bausch + Lomb has entered a partnership in India with global technology company Bosch. This cooperation brings together leading providers of eye care solutions and technology in India, to market diagnostic devices in the ophthalmic segment. Bausch + Lomb will market Bosch's Fundus retina camera, which can detect conditions such as cataract at an early stage. [image: Bausch & Lomb]

07-Feb-16 India's top private hospitals, seizing on a shortage of critical-care doctors, are expanding into the remote management of intensive care units around the country, and in neighbouring Bangladesh. Data from the Indian Medical Association show the country needs more than 50,000 critical care specialists, but has just 8,350. [image: Thomson Reuters]

08-Feb-16 Apollo Hospitals has short-listed three private equity firms and expects to close a deal to raise INR500 crore (USD73 mn) by March to fuel its expansion plans. While Apollo Diagnostics already has 15 labs and more than 80 patient care centres, it plans to launch 200 labs and 1,000 patient care centres over five years in tier 2 cities. [image: G Ramakrishna]