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What is new in HealthTech & MedTech [November 2022]

Updated: Jan 17, 2023

In today's article, Indo Search Director Josh Craven looks at what is new in MedTech and HealthTech.


London surgeons complete a week’s worth of operations in one day with the help of Surgical Robotics. A new record.


 

UK Medical Device Regulations Delayed for 1 Year

CE marks will continue to be accepted in Great Britain, and the requirement to obtain a UK Conformity Assessed (UKCA) mark has been delayed until July 2024.

 

Over £800 million to boost innovation, growth and improve patient safety.

Significant funding for research centres across the country supports the improved delivery of health and care services and ground-breaking new treatments.

 

Opportunity knocks for MedTech and medical device companies.

The healthcare sector has grown enormously in recent years, particularly as the global pandemic reinforced the importance of healthcare worldwide. As a result, there has been an increased focus amongst investors looking to back ambitious businesses within the sector.

 

Brexit red tape puts brakes on UK innovation and EU sales.

Around 600,000 medical products – from syringes and surgical instruments to HIV tests and prosthetic hips – are used in the UK, but ABHI members reported in a survey this month that one in five will be taken off the market in the next five years.

 

Thermo Fisher Scientific announced that it has entered into a definitive agreement to acquire The Binding Site Group in an all-cash transaction valued at £2.25 billion.

 

Radar Healthcare has appointed the former chief executive officer of the National Institute for Health and Care Excellence (NICE), Professor Gillian Leng CBE, to its board of non-executive directors.

 

Bristol-based startup OKKO Health raised £2m million in a seed funding round.

OKKO Health was founded by Dr Stephanie Campbell in 2018 and included a range of sight-monitoring apps focusing specifically on macular degeneration.

 

UK-based gynaecological health start-up Daye, inventor of the CBD tampon used by over 60,000 women in the UK, has completed a £10 million funding round.




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