MedTech research and development in India

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Omar Ishrak, Medtronic’s new chairman and CEO, has big plans for India. He recently told MedCity News that he considered it the ’biggest hole’ in Medtronic’s global operations. The company plans to build an research and development center in India.

India’s medical device industry itself already knows the opportunity that awaits. And leaders there are urging the country to streamline its health system to accommodate medical technology by focusing on solutions for three areas that could hinder the growth of the industry.

St. Jude Medical county manager Kaustav Banerjee recently said the three barriers to medtech success in India are high costs, a lack of access geographically, and a lack of awareness of the latest technologies. St. Jude is also keen to cash in on India and the rest of Asia. It has opened technology training facilities in China and Malaysia and has another planned for Japan.

Ref and Read more: http://www.medcitynews.com/2011/09/indias-medical-device-industry-urges-the-country-to-prepare-for-medtech/?edition=medical-devices

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