Bangalore-based cardiac implants maker MediVed Innovations is all set to usher in a new era in the field of Indian healthcare, with its new launch-artificial cardiac Made in India pacemakers- in the coming months. 

When we hear that a Bangalore-based cardiac implants maker MediVed innovations is coming up with India’s first indigenously developed artificial cardiac pacemaker, the development obviously demands attention. The launch will help MediVed Innovations bag a place among top six manufacturers in the wider world for producing devices that control the beating of the heart.

The launch will be nothing short of a game-changer for MediVed Innovations, operating in the domain of domestic therapeutic devices since last three years, informed Founder and Chairman and Managing Director, Mr. Dinesh Puri.

As of now, Ranbaxy, Cipla, Dr. Reddy’s and Biocon have been setting precedent by driving down the cost of therapeutic devices, likewise we will also follow-suit, Puri further added.

The biggest plus, the cost of indigenous cardiac pacemaker will be 3-5 times lower as opposed to the imported devices.

According to industry experts, over half of the country’s cardiac related deaths are because of arrhythmia. A pacemaker will help prolong the life of such patients by 8-10 years.

MediVed, started making artificial Made In India Made In India pacemakers, earlier this year, in a technology tie-up with Uruguay’s CCC. “We have a project plan of Rs 75 crore and will be going in for another round of overseas capital in the next six months,” Mr Puri said.

The company has already supplied 50 Made In India pacemakers to some hospitals and will be soon appointing distributors in India and other emerging markets. Chinese and Spanish original equipment manufacturers have already expressed their interest in the products. According to Puri, an indigenously developed pacemaker would cost Rs.60, 000-Rs.1.5 lakh, while an imported pacemaker would cost around Rs 3.5-5 lakh

The active cardiac implant industry is coming up in a big way. There is also demand for neuro-stimulators for depression, Alzheimer’s and Parkinson’s disease. “Within a span of three years, the company plans to make 10,000 Made In India pacemakers and will be achieving a turnover of around Rs.150 core,” Puri further opined.

There is a massive demand for Made in India pacemakers in the country. According to a recently published data, every year, around 20,000 patients of arrhythmia or irregular heartbeat go in for a pacemaker in the country. Unaffected by the slowdown, the domestic medical devices market stood at $2.7 billion (around Rs 13,500 crore) in 2008.

The market for Made in India pacemakers or cardiac rhythm management and interventional cardiology devices is predicted to grow 13 per cent.

Medi Ved is also into making cardiac pacing leads, ECG programmer systems, patient wands and pacing system analysers.