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Contents
Foreword 04
Setting the Context 06
Medical Technology: A Crucial Link
in India's Healthcare Ecosystem 12
Medical Technology: Realizing the Potential 18
Medical Technology Shaping
Healthcare For All: Summary 26
Endnotes 28
Contributors 29
About Deloitte 30
About CII 31
About CII Medical Technology Division 32
Contacts 34
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Medical Technology | Shaping Healthcare For All In India Medical Technology | Shaping Healthcare For All In India
Foreword
Challenges in access to quality and India’s healthcare journey, identify
affordable healthcare persist in large key constraints in the sector’s current
parts of the country despite several landscape and propose methods to
positive developments in the recent past. realize its true potential.
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Setting the Context Increasing Increasing Rising prevalence Increasing life Boom in medical
Disposable Income Insurance Coverage of lifestyle diseases expectancy at birth tourism
Share of population Health insurance Share in total disease Life expectancy to Market expected to
Importance of Healthcare for an healthcare services for all its citizens is
earning more than coverage is expected burden to increase increase from 64 double from USD 4
economy critical. However, assessments of India’s
USD 12000 p.a. was to quadruple over from 53% in 2008 to years in 2005 to 70 billion (2016) to USD
Economic health of a country is strongly healthcare system— from the point of
at 2% in 2013 and is the next 10 years 76% by 2020 years in 2020 8 billion by 2020
dependant on the health and wellness of view of its accessibility and affordability,
said to increase to from its current size
its citizens. In order to ensure adequate to its effectiveness and quality —indicate
8% in 2020 of USD 60 billion
levels of health and wellness, an effective that while we have come a long way, there
healthcare ecosystem is a prerequisite. remains a lot of ground to be covered.
Source: India_healthcare_Inspiring_possibilities_and_challenging_journey , 2012 , BMI India Pharmaceutical & Healthcare Report, 2017
18%
•• Lack of skilled service providers is still people is at 0.7 as compared to China
160
a constraint in India and the condition at 1.9 and USA at 2.5.5 India is at half of
110 deteriorates further in rural areas. The the global average of 1.5 physicians per
104
number of physicians in India per 1,000 1000 people.6
73 81
59 68
Number of physicians per 1000 people in 2014
2.5
2010 2011 2012 2013 2014 2015 2016 2020F 1.9
0.7
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•• The share of healthcare expenditure in third of the total, is also quite low Out of pocket expenditure as percentage of total health expenditure in 2014
GDP over the years has been very low when compared to other countries.
62%
and was at 4.8% in 20157. Moreover, For example, China and Russia’s public
the government’s expenditure on share of total healthcare expenditure is 46%
healthcare in India, at less than one- more than half.
32%
25%
Total Health Spending as a percentage of GDP in 2015
18%
17.1%
6%
64
Affordability of healthcare services few years the overall health insurance
44 38 34 32
For a country like India, where 1 in every penetration is low. Total number of 25
15 9 14
5 citizens is still below the poverty line, persons covered under any form of 8 6
affordability of healthcare services is a health insurance (public or private) are Brazil China India Russia S.Africa USA World
major concern. Low insurance coverage around 359 million9 which is ~27% of the
and a weak public healthcare system are total population of India. In comparison, IMR MMR
driving up the average cost of healthcare China has more than 95% of its
to families and creating a burden for population covered under insurance
those with limited resources. schemes while USA already had around
91% of population covered under
•• Despite several financial schemes
various schemes by the first quarter of
launched by the government in the past
2016.10
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In the public sector, the ‘National Quality public health services addressing the
Assurance Guidelines’ prescribe a wider determinants of health delivered
minimum set of standards that each to individuals and populations, with the
of the states should meet in order to government being the guarantor and
improve the quality of service delivery in enabler, although not necessarily the only
public facilities. However, the adoption of provider, of health and related services”15.
these quality standards in public health
facilities has been sluggish and variable The revised National Health Policy
across the country. of 2017, has refreshed the goals and
principles in the context of UHC. The
These challenges are widely key principles emphasized in the policy
acknowledged by the government, include equity, universality, affordability,
healthcare fraternity, providers, payers care quality, leveraging technology /
as well as medical device manufacturers. digital health and focus on preventive
The government over the years has and promotive health among others.
articulated these issues and has
attempted to tackle it through various The vision of ‘Healthcare for all’ is an
strategies. The government has also ambitious one but also an essential
recently released the National Health one for India. However, the problems of
Policy 2017 where it has emphasized on accessibility, affordability and quality are
the vision of ‘Healthcare for all in India’. deep rooted and emanate from factors
that are structural in nature. Accordingly,
Healthcare for All in India and the solutions that are linear and incremental
National Health Policy will take forever to address these
Government defines Universal challenges. On the other hand, disruptive
Healthcare Coverage (UHC) as “ensuring technological solutions have the potential
equitable access for all Indian citizens, to leapfrog over some of these issues
resident in any part of the country, and push the country towards a more
regardless of income level, social status, accessible, affordable and reliable
gender, caste or religion, to affordable, healthcare systems in the foreseeable
accountable, appropriate health services future.
of assured quality (promotive, preventive,
curative and rehabilitative) as well as
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Medical Technology:
MedTech has the potential to address mix of nascent as well as advanced
many of the healthcare issues of India technologies such as artificial intelligence,
Globally, the healthcare sector is remote sensing, 3D printing, E-ICUs,
Patient
care Screening and Diagnosis and Treatment and Continuous health
Role of Medical Technology in to normal lives and monitoring their preventive care consultation restoration monitoring
cycle
healthcare health post treatment. For decades
Medical Technology is indispensable to now, with advancement of technology With the help of From a simple Hospital furniture, Post discharge,
healthcare delivery and increasing sophistication of medical medical equipment stethoscope used by advanced surgical self-use medical
Medical technology is an integral part devices, the industry has played a major likelihood of diseases physicians to high equipment, devices enable
of the entire healthcare lifecycle, from role in bringing down the incidence such as cancer, grade equipment medical implants patients to regularly
the stage of screening/diagnosing to of disease and improving the overall diabetes, etc. can be such as CT scan as well as low monitor their own
treatment/care; from restoring patients healthcare system across the globe. screened in people – medical devices tech consumables health reducing
even before they have increased the -patients cannot the probability of
start displaying accuracy and reduced be treated without readmissions
symptoms time for diagnosis availability of
appropriate devices
Remote Diagnosis Telemedicine VR for surgeries
Easy to operate machines can Based on the data received from With virtual reality, a surgical
diagnose the patient sitting in a diagnosis, a physician siting specialist can perform surgeries all
village and transmit data to be read anywhere can study the case, over the world remotely. Surgeons Today medical devices can provide rate and improving overall quality of
by physician in the city consult a specialist if required and perform the operation through enhanced patient care in remote areas care. Technologies such as virtual reality
give advice to the patient located remote controlled robots by leveraging video conferencing and and augmented reality can also be
remotely via video conferencing embedded computing devices which can used to simulate real time healthcare
send and receive data via the internet. By environment to provide training to
implementing a hub and spoke model, physicians, technicians, and doctors thus
the costly servers and processing units eliminating the need for presence of
can be placed in a central location while actual equipment for training purposes.
Patient the monitoring can happen remotely and
Screening and Diagnosis and Treatment and Continuous health data can be transferred to the central The market for wearables in the form of
care
preventive health consultation restoration monitoring locations for processing. pedometers, activity detectors, etc. has
cycle
also increased significantly in the recent
Complex machinery and devices like past. Such devices when interconnected
MRI and CT scanner are susceptible to with other medical equipment, diagnostic
breakdown by a simple surge in voltage. equipment, and healthcare analytics
Such devices can be remotely monitored platforms can transmit real time data
Internet of Medical Things (IOMT) E-ICU m-health to predict failure probability and trigger related to a patient’s health and vitals
Reducing cost of maintenance The specialist sitting in the command Many self monitoring devices (iBE– preventive maintenance action thus which can be used for continuous
through remote preventive center in a super specialty hospital breast examination) and wearables saving cost. monitoring of people’s health.
maintenance – all machines being can read vitals and trigger the (Fitbit) can now sync data to
monitored centrally triggering treatment of a patient in a local patient’s smartphones via Bluetooth Advanced equipment leveraging on Through many such exciting technologies
preventive maintenance hospital through this service thus or internet enabling post care technologies such as artificial intelligence the Med Tech industry is leading the
making the service accessible and monitoring as well as early diagnosis and robotics provide higher levels of way to address many of the healthcare
affordable to patients of diseases precision thus increasing the success challenges of India.
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MedTech can assist in achieving the early diagnosis of disease. Also, with The untapped potential While India consists of one sixth of the
priorities set by National Health Policy the use of medical devices in complex With majority of demand coming from world’s population, its domestic medical
(NHP) procedures, with low success rates the metro cities, rural areas which devices market represents only 1.7% of
Based on the priorities and broad earlier, the clinical outcomes have now consist of a significant chunk of the the global market17. With a per capita
principles of equity, affordability, quality improved significantly and the overall population are highly underserved. consumption of USD 3, India’s medical
etc. set by NHP 2017, medical devices quality of care has risen. This reduces the The Indian medical device market has device industry is underpenetrated
can significantly accelerate India’s lifetime cost of a disease through early grown from USD 2.02 billion in 2009 to in comparison to countries like Brazil,
goal towards universal healthcare . detection and reducing readmissions USD 4.9 billion in 2016 at a CAGR of 17%16. Russia, China and USA.18
For instance, in the preventive care resulting in improved affordability and
segment,medical devices have a reduced morbidity.
Per Capita Consumption of medical devices (USD) 2016
significant application in screening and
340
Quaternary
Tertiary
Secondary
Corporate chains Medium and large
Small hospitals
mainly present in hospitals present mainly
present across
metros and a few/ in metros/ tier 1 cities
India – provide
top tier 1 cities – and a few tier 2 cities -
primary and
focus on tertiary and focus on secondary &
secondary care
quaternary care tertiary care
Primary
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Medical Technology:
While these steps have been appreciated The government in the recent past has
by all stakeholders, the government may taken a number of measures to promote
also consider the following: investment:
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China Ireland Public-Private partnership models impacting demand for Medical Devices
Manufacturing Hub Export Hub Government under the National Health Mission has announced ‘Free Diagnostics
Service Initiative’ aimed at providing a minimum set of diagnostics to the
Public Health 56% of total health expenditure 66% of total health expenditure24
underserved people in India. The program under the National Health Mission has
Expenditure spurring
also recognized an integrated approach for prevalent non-communicable diseases
domestic demand
(NCDs) – hypertension, diabetes and cancer - wherein emphasis would be given to
Healthcare insurance >95% of total population25 >98% of total population screening and testing for select chronic illness “all year round”. Such government
coverage providing mass screening programs will go a long way in giving a fillip to the In-Vitro
affordability Diagnostic (IVD) industry.
Access to large global Japan and US significant export markets for •• EU market a major export destination for
markets spurring export China Ireland
demand Role of the Industry Domestic manufacturing of medical
Industry should customize its business devices in India is currently a small and
Financial incentives •• Extension of tax benefits by 3 years if •• Lowest corporate tax rates of 12.5%27
models in line with requirements for fragmented industry with presence of
acting as catalysts investment made in provinces recognized •• 25% refundable tax credit on R&D expenditure
the Indian markets. both domestic and MNC players. While
for development of medical devices
most domestic players operate largely in
•• Corporate tax rates of 25%26
A. Prioritizing and focusing on the the low-tech and high-volume segments,
Manufacturing low end high volume products. Growth spurred by a huge export led market right segments of medical devices the high end segments are dominated to
However, trying to move up the value chain (especially in EU) and timely government Domestic manufacturing of medical a large extent by MNCs. Moreover, import
interventions on the regulatory front devices can provide significant benefits to dependence is higher majorly in mid to
the economy. However, Indian MedTech high-tech segment of the medical devices
Source: Deloitte analysis, World Bank Data stakeholders need to prioritize areas and – diagnostic imaging, instruments and
have a segment wise strategy towards appliances, patient aids and others.
manufacturing.
Some common traits observed in the Supporting local demand for medical
above models include: devices by expanded provision of
Current structure of Medical Devices
services in its public health and
•• Significant public share of health in India
health insurance programs is another
expenditure, The Indian medical devices industry can
initiative that can catalyze investments
be classified into four broad segments
•• A high percentage of population covered in this industry. This will not only help
– consumables and implants, diagnostic
with health insurance, in offsetting India’s low per capita
imaging, instruments & appliances, and
usage of medical devices, but will meet
•• Access to mature foreign markets, and patient aids & others with each segment
latent demand for these services by
having distinct characteristics in terms of
•• Relevant financial incentives. making them affordable and available
category of players, usage of technology,
India could also adapt relevant features of to a large number of hitherto untapped
target markets etc.
successful models from these countries population; thereby overcoming some of
to help improve attractiveness of its the challenges of the public healthcare
business models. system and realizing the goals of access,
equity, and universality as articulated in
Providing financial incentives is an India’s National Health Policy, 2017. Key Products Technology Industry Structure
effective lever which could catalyze Consumables Stents, syringes, needles, catheters, suturing Low-medium technology Domestic and MNC players
investment. The Medical Device industry The Government is already exploring and implants materials, bandages and dressing, implants segment
has been advocating for certain incentives avenues to collaborate with the
Patient aids and Hearing aids, prosthetics and orthotics, Medium-high technology Mix of MNC and domestic
to ensure reasonable returns especially in private sector through Public-Private
Other devices pacemakers & others segment players
the initial few years such as: Partnership (PPP) models to extend
healthcare services to its population Diagnostic Electro-diagnostic apparatus, radiation Medium-high technology Mainly MNC players with few
•• Extended tax holidays for domestic
which will indirectly give a fillip to the Imaging apparatus, imaging parts and accessories segment domestic players with ‘local
manufacturing,
medical devices industry. Enabling these innovation’
•• Weighted tax deductions for R&D partnerships through flexible governance
Instruments Surgical & non-surgical equipment, other Medium technology segment Mostly MNC players
investments, and structures and operating models that
and Appliances instruments & supplies
work needs to be prioritized.
•• Incentivizing exports for medical devices28.
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Prioritization of segments products in higher technology segments One of the ways India can select conditions have been successful. The
Various sub-segments of medical devices usually have a long lead time for potential areas to focus on is to prioritize medical device industry however has a high
need to be treated differently as they development, require large investments, manufacturing of low and mid-tech import dependence wherein products that
involve varying levels of sophistication. and need a talent base with specialized products which have a significant scale reach the market may not necessarily be
Moreover, these segments also vary skillset. On the other hand, low tech (medium to high) such as Needles, designed for Indian market conditions.
widely in terms of volumes and price segments such as bandages, dressing etc. Catheters, X-ray apparatus, Dental
points. Accordingly, the industry needs can be set up and scaled up rapidly with instruments, X-ray apparatus, Ophthalmic In recent years, both MNCs and domestic
to have different strategic plans vis-à-vis moderate capital. instruments, etc. players have started driving innovation in
each sub-segment. For instance, most complex areas such as patient monitoring,
On the other hand, high-tech low volume point of care screening, and diagnostics
devices such as CT scan and MRI machines and have adapted their products to better
would require a longer term outlook. suit the market needs. The focus has been
Medical device manufacturing: play in the right areas Efforts should be made towards developing on:
required capabilities and the necessary
Level of Technology Green zone - Priority 1 Yellow zone - Priority 2 Red zone – deprioritize •• Using frugal innovation techniques to
ecosystem for their manufacturing in the
create devices that are more affordable
Scintigraphic apparatus MRI medium to long term horizon.
whilst meeting threshold quality
CT scanners
requirements
B. Focus on innovation to design
High A, B, C ray apparatus products appropriate for India •• Designing products sans ‘bells and
UV / IR apparatus X-ray films India is a vast country with an uneven whistles’ resulting in cost reduction while
Pacemakers distribution of wealth and resources. retaining the core functionality
Dialysis apparatus Many parts of the country still lack basic
•• Making devices that are easy to operate
Anaesthetic apparatus Hearing aids amenities such as uninterrupted power
Respiration apparatus and hence can be deployed in areas with
Endoscopy appartus Orthopedics supply, proper roads for transportation,
Dental capital eqp. inadequate supply of skilled technicians
and robust communication systems.
Blood-grouping reagents Ultrasound
Medium Opthalmic instruments Moreover, availability of skilled manpower •• Creating compact and energy efficient
Sterilizers Dental instruments / supplies
ECGs remains a challenge in smaller towns and devices which can be deployed even in
Suturing materials X-ray apparatus and tubes
rural areas. small centres in remote areas
Ostomy products
BP monitors Contrast media
Wheelchairs Metal Needles
Across industries, companies that have
Mechano-therapy apparatus Syringes Other needles and catheters accepted these realities and modified
Low Transfusion apparatus Medical dressings their products and services to suit these
First-aid kits Surgical gloves
Hospital furniture
Medical device players creating customized products for Indian market
0 200 400 600 800 1000 1200 1400 3000
Low Medium High Company Case in point Product description
Domestic Market Size, FY21P (INR Cr) GE Healthcare Compact CT Scanners GE Healthcare developed a CT scan system that uses 40% less power,
which consume less produces less radiation and is 40% cheaper than imported equivalents. It has
power a substantially smaller size (can fit in smaller clinics and hospitals) and a higher
throughput (scan time is 28% faster).
Green zone - Products with low to medium sophisticated technology could be quick Total Imports (2016) = INR 8300
Skanray Affordable X-ray imaging Skanray created a high frequency digital x-ray machine that can cater to the
Priority 1 wins and immediate focus areas. Focusing on them could impact the Cr – i.e. 46% of total imports for
Technologies systems needs of both large hospitals as well as small clinics. The cost of the device is
import bill significantly MedTech in India
a fraction of that of the imported machines. This wireless device is extremely
light-weight and can be easily manoeuvred in congested hospital settings.
Yellow zone - Products with low to medium sophisticated technology could be quick Total Imports (2016) = INR 2600
Priority 2 wins and immediate focus areas. Focusing on them could impact the Cr – i.e. 15% of total imports for Philips Accessible and affordable Phillips Intuis, an advanced entry-level catheterization lab, is helping provide
import bill significantly MedTech in India Healthcare cardiac care in tier II & tier affordable cardiac care in smaller cities and towns in India. It has a live image
III cities guidance technology which can help vascular specialists to decide, guide and
confirm the right therapy for their patients in real time.
Source: Deloitte analysis, BMI research
Cura Healthcare Affordable digital Cura manufactures direct digital radiology systems that can be floor-mounted,
radiology systems for all ceiling-suspended, or retrofitted and are suitable for both small hospitals and
resource settings large healthcare institutions. Moreover, it is powered by just 15 amp and can
take up to 50 images without power.
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Poly Medicure Innovative ‘single use’ Poly Medicure produces over 125 different types of medical devices at 5 Company Product Product description
medical devices manufacturing plants in India. It is the largest exporter of single use medical Sattva Fetal Heartrate Monitor Fetal Lite is a portable, lightweight device that can take an electrocardiogram of
devices in India. In addition to manufacturing, it also invests heavily in designing a foetus during labour. It can work in low-resource settings and can be operated
in India and holds more than 140 patents in various countries and has around by a layperson as it gives easy to understand alarms in case of foetal distress.
350 pending patent applications.
Coeo Labs Ventilators Coeo Labs has designed a device to tackle ventilator-associated pneumonia
Meril Life Affordable cardiovascular Meril has developed new concepts in engineering employing novel designs, in premature babies and patients on ventilators, a major cause of death in
devices drug delivery technologies (for stents & balloons) and affordable catheter- roughly 40 per cent of patients on breathing support in India. Currently in the
based systems that effectively bridge the gap between countries with ailing prototype stage, this device is set to be launched at a price point 30% cheaper
populations and struggling health care needs. than competing devices.
Transasia In-Vitro Diagnostic (IVD) Transasia Biomedicals Ltd is India’s biggest IVD company. Since 1991, it had Wrig Hemometer Developed a mobile phone-sized device called TrueHb Hemometer to measure
Biomedicals for India adopted the ‘Make-in-India’ concept with indigenous manufacturing of Nanosystems hemoglobin in a few minutes.
sophisticated, state of the art blood analyzers and reagents.
Forus Health Neonatal retinal scanner 3nethra neo screens prematurely born babies who could potentially have a
Sahajanand Affordable coronary SMT, India’s biggest stent manufacturer, has been successful in manufacturing condition wherein abnormal blood vessels grow in the retina. This condition can
Medical stents affordable stents of world class quality. It has successfully introduced result in permanent blindness of the child, if not detected and treated early.
Technologies biodegradable polymer to the coronary stent industry, a highly sought after
(SMT) technology in India as well as globally. Remidio Retinal Imaging system Fundus connects to a mobile phone camera to take pictures of the central part
of the retina to diagnose diabetic neuropathy. This device is battery operated
and can be installed even in remote centers. The images can be transferred in
real time to a physician’s phone for consultation.
Many global medical device players have also set up large R&D facilities in India which are driving innovation
Cardiotrack Cardiotrack sensors – A portable and digitized diagnostic solution which enables instantaneous
Company R&D facility Remote health diagnostic cardiac monitoring and flow of information through Android-based smart
devices between a physician and a cardiologist. This technology which costs
Boston Scientific Boston Scientific has set up a 100,000 square feet R&D, training and commercial centre in India to
less than half of an ECG machines solves the problem of accessibility as well as
develop products suitable for Indian and Asian markets and to train physicians to use them effectively.
affordability.
The focus of the facility is to create market appropriate products for unmet clinical needs.
Axio Haemostatic emergency Traumatic bleeding is one of the biggest cause of death is road accidents in
Medtronic Medtronic has set up a captive engineering research and development centre in Hyderabad providing
dressing India. Axio’s haemostat works on adhesion rather than absorption technology
support to global business units for improving procedural outcomes and developing future products.
and can be applied easily on external wounds to stop profuse bleeding. This
This 90,000 sq. ft. lab has 230 highly qualified engineers and is equipped with state-of-the-art
product is robust, affordable and can be easily administered by a layman.
technology.
Tricog Health Cloud based ECG machine Tricog Health services has designed a cloud-based ECG machine which enables
Covidien Covidien has set up a 40,000 sq. ft. R&D centre in Hyderabad, India with an aim to tailor products to local
Services for faster diagnosis the doctor to takes a patient’s ECG, send the information to a centrally located
market needs, increase speed-to-market and develop breakthrough platforms.
hub where the results can be interpreted by a qualified expert. The reports are
Stryker Stryker has set up a global R&D centre in Gurgaon for developing next generation technologies and then transmitted back through mobile phone. This increases the speed of the
high-end medical devices. The centre also operates as a global talent hub, where Indian surgeons and diagnosis and increases access.
engineers are trained on latest technologies.
Moreover, many start-ups have come up in the medical technology space which are
Indian entrepreneurs have realized Biopharma Mission to fund biotech
creating market suitable offerings and disrupting the industry landscape.
that developing products and solutions start-ups in the area of medical devices,
that bridge the gaps in the Indian bio-therapeutics, etc. and create bio-
healthcare system can lead to long term clusters to help build next generation of
financially viable businesses. However, healthcare technologies. The government
researchers and entrepreneurs require could further consider setting up R&D
an ecosystem which can support them incubation centres in collaboration
through the early stages of discovery with premier institutions to encourage
and development in order to successfully innovation in the area.
launch the products and go-to-market.
Providing momentum to this wave of
The administration in the recent past has innovation bodes well not only for the
been instrumental in extending support growth of the Indian MedTech industry
for innovation in this space. In June 2017, but also for progressing the overall
the union cabinet has announced a USD healthcare landscape of the country.
250 million initiative under the National
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Endnotes Contributors
1
World Bank, 2016 Deloitte CII
2
IBEF Healthcare Report, 2016 Authors
3
“MedTech Report India” – Swissnex India, 2016
Rishi Suri Himanshu Baid
4
World development data, World Bank data 2014
Director, Strategy and Operations Chairman, Medical Technology Division,
5
World development data, World Bank data 2014
Consulting Confederation of Indian Industry
6
World development data, World Bank data 2014
&
7
Economic Intelligence Unit, 2016
Gurveen Taneja MD, Polymedicure Ltd, India
8
National Rural Health statistics report, 2015
Manager, Strategy and Operations
9
IRDA annual report, 2015-16
Consulting Prabal Chakraborty
10
International commonwealth fund, 2016
Co-Chairman, Medical Technology Division,
11
World Bank data, 2014
Sukriti Tayal Confederation of Indian Industry
12
Oxfam report- ‘Financing Healthcare for all in India’ , 2015
Consultant, Strategy and Operations &
13
Levels & Trends in Child Mortality Report 2015 Estimates Developed by the UN Inter-agency Group for Child Mortality Estimation
Consulting VP & MD, Boston Scientific, India
14
UN Interagency estimates, 2015
15
National Health Policy webpage
Subject Matter Experts Anjula Singh Solanky
16
‘SKP The medical device industry in India’, 2017
Director, Confederation of Indian Industry
17
‘BMI India Medical devices report, 2017 Charu Sehgal
18
"SKP The medical device industry in India, 2017” Partner and Leader- Life Sciences &
Elizabeth Jose
19
‘MedTech Report India’ – Swissnex India 2016 Healthcare
Deputy Director, Confederation of Indian
20
World Bank Rankings, 2017
Industry
21
‘The Indian Medical device industry’ – Nishith Desai Associates, March 2017 Anupama Joshi
22
FICCI-Heal report Aug 2016 report, Indian PE trend report 2016 Partner, Strategy and Operations
Shanky Xavier
23
BMI Research, Indian Medical Devices industry, 2017 Consulting
Executive, Confederation of Indian Industry
24
World Bank data, 2014
25
International commonwealth fund, 2016
26
Stern.nyu.edu - Useful data sets, 2017 Industry representations and contributors (no specific order)
27
Stern.nyu.edu - Useful data sets, 2017 Ram Sharma Probir Das Kaustav Banerjee
28
CII’s MedTech presentation to Niti Aayog, July 2017; Realizing Make in India in Medical Devices sector, presentation to PMO, July 2016 President, Sales, Marketing and Strategy, Managing Director, Terumo India Vice President – South Asia, Zimmer India
Meril Life Sciences
Tushar Sharma Pavan Chaodhary
Suresh Vazirani GM India and South Asia, Abbott CEO and MD, Vygon India
Chairman, Transasia Bio-Medicals Healthcare
Jibu Mathews
Sanjay Bhutani C. PadmaKumar Business head, Underwriter Laboratories
Managing Director, Bausch and Lomb, Chairman and MD, Terumo Penpol
India and SAARC Limited
Special thanks
Dr. Vibhav Garg Sudhir Zutshi Shubhra Thakur
GE Healthcare Underwriters Laboratories Boston Scientific India
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Medical Technology | Shaping Healthcare For All In India
Contacts
Deloitte CII
34
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