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7th Medical Technology Conference - Revitalizing Manufacturing and Innovation to Realize the $50B Potential
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·   An analysis of the global medical technology market growth shows that emerging markets will play a critical role, accounting for more than half of the growth over the next ten years. Besides being important markets that cannot be ignored for global companies, emerging markets are relevant innovation and manufacturing hubs with the share of registrations from emerging markets across Class I, Class II and Class III devices having doubled over the last ten years.

·      India as an emerging market continues to be relevant to the global medical technologies space, not just from a market point of view, but also as a global hub for innovation and manufacturing. However, India has not reached its true potential, both in terms of the market opportunity as well as in building a hub for innovation and manufacturing.

·     To build up a roadmap for India to reach its full potential in medical technology, we assembled a think tank to brainstorm and determine the key levers required to be able to unlock the true potential of India. We held a set of workshops highlighted in Insert 1 across Mumbai and Delhi to discuss and debate the right focus areas and develop a roadmap to unlock this potential.

·     This team, after several months of deliberation has created a roadmap to create a $50 billion opportunity in the medical technology space in India. Collectively, we have identified six areas to work on to create the right supporting eco–system. We need to create the relevant regulation, put in place systems that enable and reward innovation, streamline the process to invest in manufacturing infrastructure and build trans–border partnerships to bridge capability gaps and accelerate our growth trajectory. Over the longer term.

 
Description

CII organized 7th Medical Technology Conference - Revitalizing Manufacturing and Innovation to Realize the $50B Potential on 20 August, 2014 at New Delhi.

 

An analysis of the global medical technology market growth shows that emerging markets will play a critical role, accounting for more than half of the growth over the next ten years. Besides being important markets that cannot be ignored for global companies, emerging markets are relevant innovation and manufacturing hubs with the share of registrations from emerging markets across Class I, Class II and Class III devices having doubled over the last ten years.

 

India as an emerging market continues to be relevant to the global medical technologies space, not just from a market point of view, but also as a global hub for innovation and manufacturing. However, India has not reached its true potential, both in terms of the market opportunity as well as in building a hub for innovation and manufacturing.

 

To build up a roadmap for India to reach its full potential in medical technology, we assembled a think tank to brainstorm and determine the key levers required to be able to unlock the true potential of India. We held a set of workshops highlighted in Insert 1 across Mumbai and Delhi to discuss and debate the right focus areas and develop a roadmap to unlock this potential.

 

 

This team, after several months of deliberation has created a roadmap to create a $50 billion opportunity in the medical technology space in India. Collectively, we have identified six areas to work on to create the right supporting eco–system. We need to create the relevant regulation, put in place systems that enable and reward innovation, streamline the process to invest in manufacturing infrastructure and build trans–border partnerships to bridge capability gaps and accelerate our growth trajectory. Over the longer term.

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Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
 
Welcome remarks by Mr Pavan Choudary, MD, Vygon India Pvt Ltd at the Inaugural session of the 7th Medical Technology conference 2014
Revitalising manufacturing in medical technology: An introduction by Mr. Chandrajit Banerjee, DG, CII
Vision 2025 - A Roadmap for India by BCG
Release of the Theme Paper “Medical Technology: Vision 2025”: A $50 Billion Opportunity for India”
Keynote address by Mr Amitabh Kant, Secretary, DIPP, Ministry of Commerce & Industry at the Inaugural session of the 7th Medical Technology conference 2014
Mr Anupam Shah, Chairman, EEPC India at the Inaugural session of the 7th Medical Technology conference 2014
Concluding remarks by Mr Himanshu Baid, MD, Poly Medicure Ltd at the Inaugural session of the 7th Medical Technology conference 2014
Opening remarks by Mr Ajay Pitre, MD, Pitre Business Ventures on ‘Positioning India as a Manufacturing and Export Hub’
Positioning India as a Med-Tech Manufacturing & Export Hub
A Panel discussion on ‘Positioning India as a Med-Tech Manufacturing & Export Hub’
Concluding remarks by Mr Ajay Pitre, MD, Pitre Business Ventures on ‘Positioning India as a Manufacturing and Export Hub’
Opening remarks by Mr Pavan Choudary, MD, Vygon India Pvt Ltd on ‘Overcoming Regulatory Barriers to Growth’
Market Access Barriers to Growth: Medical Technology Regulatory & Policy Reforms
Overcoming Regulatory Barriers to Growth - A Perspective by Ministry of Health & Family Welfare
Government’s view on Medical Technology by CDSCO
One-window system for innovation & manufacturing investments, benefits to industry
An open house discussion on ‘Overcoming Regulatory Barriers to Growth’
What are the benefits of a separate Act for medical technology?
Ancillary service perspective-supporting the growth
Closing remarks by Mr Pavan Choudary, MD, Vygon India Pvt Ltd on ‘Overcoming Regulatory Barriers to Growth’
Opening remarks by Mr Millind R Shah, VP, South Asia & MD, India Medtronic on ‘Partnering for Growth-Joining the Dots’
Partnering for Growth-Joining the Dots - A Perspective by Department of Commerce
Key gaps today where medical Technologycan focus to support hospitals
Medical Equipment Management-Issues, Challenges & Strategies
How can medical technology gain importance in reimbursement?
Closing remarks by Mr Pavan Choudary, MD, Vygon India Pvt Ltd on ‘Partnering for Growth-Joining the Dots’
An open house discussion on ‘Partnering for Growth-Joining the Dots’
Welcome remarks by Mr Mohit Malhotra, MD, Stryker India on ‘Innovation Successes and Strategies’
Keynote address by Dr K. Vijay Raghavan, Secretary, Dept. of Biotechnology & Ministry of Science & Technology on ‘Innovation Successes and Strategies’
Challenges faced and lessons learned
Successful innovation in incubators What drives success
Innovation Successes and Strategies - A Perspective by Pitre Business Ventures
Domestic Innovation: Successes and Strategies in Medical Technology
Concluding remarks by Mr Pavan Choudary, MD, Vygon India Pvt Ltd at the 7th Medical Technology conference 2014
 
Charges to access Event
 
Participant TypeAmount (in Rs)
Member
2000
NonMember
3000