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India is set to significantly expand its presence in the global medical technology (MedTech) industry, increasing its market share from the current 1.6 to 10-12 per cent over the next 25 years, according to a report by EY India. The report noted that this growth aligns with the rapid development of the country's MedTech sector, which is projected to reach new heights in the coming decades. The Indian medical device market, valued at approximately USD 12 billion in 2023-24, is anticipated to grow more than four-fold to USD 50 billion by 2030. It said "the (Indian) market ranks among the top 20 countries globally, with a market share of 1.65 per cent This share is expected to rise between 10 per cent and 12 per cent within the next 25 years". The report mentioned that India's transition from a significant importer to a potential global leader and exporter in the MedTech industry will be driven by its strategic strengths. These include a skilled workforce, cost advantages, technological advancements, and government initiatives that encourage domestic manufacturing and innovation. Together, these factors position India to not only participate but lead the future direction of the global MedTech market. 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Key drivers for this growth include the rising prevalence of chronic diseases, a growing elderly population, and an increasing focus on preventive healthcare. Additionally, there is a shift toward digitally integrated healthcare systems, next-generation therapies, and care settings outside traditional hospitals. The expanding middle class, rising incomes, and greater penetration of healthcare insurance are also contributing factors. The report also highlighted that India's inherent strength in digital and technological innovation is another major asset. Combined with growing infrastructure, increased medical tourism, and a strong push from the government, the MedTech industry is set for a transformative journey. "While India is currently a significant importer of medical devices, it has the potential to emerge as a key exporter and a global MedTech industry leader" the report said. With these developments, India stands poised to redefine its role in the global MedTech landscape, emerging as a frontrunner in driving innovation and reshaping healthcare delivery worldwide. Nominations for ET MSME Awards are now open. The last day to apply is December 15, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Tulsi Gabbard, Trump’s pick for intel chief, faces questions on Capitol Hill amid Syria fallout
South Africa have beaten Pakistan by seven wickets in the SA vs PAK 2nd T20I 2024 in Centurion on December 12. Chasing 207 to win, South Africa was powered past the finish line by Reeza Hendricks, who scored his maiden T20I century. The right-hander's maiden T20I hundred (117 off 63 deliveries), a knock that included seven fours and 10 sixes powered South Africa alongside Rassie van der Dussen's sparkling 66* off 38. The two stitched a 157-run partnership that turned the game around in the hosts' favour. With this win, South Africa have claimed the series 2-0 with one game remaining. Earlier, Saim Ayub's unbeaten 98 helped Pakistan post 206/5. Babar Azam Completes 14,000 Runs in International Cricket, Achieves Feat During SA vs PAK 2nd T20I 2024 . 🟢🟡Match Result The Proteas take an unassailable 2-0 lead in the 3-match KFC T20i Series now.😎🏏 🇿🇦South Africa win by 7 wickets Bring on the 3rd and final match tomorrow night at the DP World Wanderers Stadium!🏟️ #WozaNawe #BePartOfIt #SAvPAK pic.twitter.com/wehev3AoNS — Proteas Men (@ProteasMenCSA) December 13, 2024 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)
Gisèle Benoit still gets goosebumps when she remembers the first time she saw a family of eastern wolves emerge from the forests of the Mauricie National Park, under the backdrop of a rising moon. It was 1984 and Benoit, then in her early 20s, had been using a horn to try to call a bull moose when she instead heard a long howl, followed by an adult wolf stepping out to a rocky shore accompanied by a half-grown youth and four pups. “I will never forget that,” she said of the magical moment. “It’s anchored in my heart forever.” It was only later that Benoit, an artist and documentary filmmaker, learned that the wolves she saw weren’t grey wolves but rather rare eastern wolves. The species, whose population is estimated at fewer than 1,000 mature adults, could soon be further protected by new measures that are raising hopes among conservationists that attitudes toward a once-feared and maligned animal are shifting. In July, the federal government upgraded the eastern wolf’s threat level from “status of special concern” to “threatened,” based on a 2015 report by the Committee on the Status of Endangered Wildlife in Canada. That report found the population count may be as low as 236 mature individuals in its central Ontario and southern Quebec habitat. The eastern wolf is described as medium-sized canid with reddish-tawny fur that lives in family groups of a breeding pair and their offspring. Also known as the Algonquin wolf, it is largely restricted to existing protected areas, including Algonquin Park in Ontario. The federal Environment Department said in an email that development of a recovery strategy is underway, adding it would be “written in collaboration with provincial governments, federal departments responsible for the federal lands where the eastern wolf is found as well as First Nations groups and Indigenous organizations.” The order triggers protection for the species on federal lands and forces Ottawa to prepare a recovery plan. However, the fight for protection could be an uphill battle in Quebec, which does not even recognize the eastern wolf as a distinct species. A spokesperson for Quebec’s Environment Department said Quebec considers the eastern wolf a “genetic group” rather than its own species. “Recent study shows that the eastern wolf is a distinct entity, even if it comes from several crosses between the grey wolf and the coyote,” Daniel Labonté wrote in an email. “However, scientific knowledge does not demonstrate that this genetic grouping constitutes a species in its own right.” Labonté added that this lack of recognition was not a barrier to protecting the animal, since the law also allows for protection of subspecies or wildlife populations. In October, Quebec launched a program to collect samples to improve knowledge on the distribution of large canines, including the eastern wolf. The government said it is currently “impossible to assert that there is an established population” in Quebec due to low numbers — amounting to three per cent of analyzed samples — and the “strong hybridization that exists among large canids.” Véronique Armstrong, co-founder of a Quebec wildlife protection association, says she’s feeling positive about both the Canadian and Quebec governments’ attitudes. While wolves were once “stigmatized, even persecuted,” she said, “we seem to be heading in the direction of more protection.” Her group, the Association québécoise pour la protection et l’observation de la faune, has submitted a proposal for a conservation area to protect southern Quebec wolves that has already received signs of support from three of the regional municipalities that would be covered, she said. While it’s far from settled, she’s hopeful that the battle to protect wolves might be easier than for some other species, such as caribou, because the wolves are adaptable and can tolerate some human activity, including forestry. John Theberge, a retired professor of ecology and conservation biology from the University of Waterloo and a wolf researcher, spent several years along with his wife studying and radio-collaring eastern wolves around Algonquin Park. Back in the 1990s and 2000s, they faced a “huge political battle” to try to expand wolf protection outside park boundaries after realizing that the far-ranging animals were being hunted and trapped in large numbers once they left the protected lands. Conservationists, he said, faced resistance from powerful hunter and trapper lobbies opposed to protecting the animals but in the end succeeded in permanently closing the zones outside the park to hunting and trapping in 2004. Theberge says people who want to save wolves today still face some of that same opposition — especially when governments including Quebec, Alberta and British Columbia kill wolves to protect endangered caribou. But he believes the public support for protecting wolves has increased from when his career began in the 1960s, when they were treated with fear and suspicion. “Nobody wore T-shirts with wolves on them back then,” he said. Over the years, there have been questions about whether the eastern wolf may be a grey wolf subspecies or a coyote-wolf hybrid. But in the order protecting the wolves, the federal government says genetic analyses have resolved that debate, showing that it is a “distinct species.” Benoit, Theberge and Armstrong all believe that while it’s important to protect the eastern wolf from a genetic diversity perspective, there is value in protecting all wolves, regardless of their DNA. Wolves, they say, are an umbrella species, meaning that protecting them helps protect a variety of other species. They kill off weak and sick animals, ensuring strong populations. They’re also “highly developed, sentient social species, with a division of labour, and strong family alliances,” Theberge said. Benoit agrees. After years spent watching wolves, she has developed great respect for how they live in close-knit families, with older offspring helping raise new pups. “It’s extraordinary to see how their way of life is a little like humans’,” she said.
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Congressional bicameral team pushes for insurance, pharmaceutical reform
