Medtech ecosystem is undergoing rapid transformation and progress in technology creating new opportunities for progress in the health care industry.
Meaningful innovations can come in various forms such as new features to make products more useful or unique ways to apply technology that develops into real-world problems.
In such a scenario, investment in research and development (R & D) is not just a wise choice other than what is needed.
At present, R & D is focused on transformational innovation – innovation that creates and provides customer value through novel products, solutions, and business models that discuss unmet market needs.
Given the market size and availability of upscale talents, India changes rapidly into a global R & D hub.
Divya Prakash Joshi, Senior Director & Site Leader, Engineering Center and Innovation Medtronic (MEIC), Hyderabad Medtronic recently inaugurated a newly expanded, 150,000 square feet., Advanced R & D center, called Medtronic Engineering and Innovation Center (MEIC ) In Hyderabad.
With the focus needed on ‘Make In India’ and ‘Skill India’, Medtronic intends to harmonize the innovation approach supported by ‘design in India’ triggering Meic’s efforts to become “R & D center destinations in India for medical device software and partners Integral for engineering solutions.
“The significance of R & D health ecosystems is experiencing metamorphosis, because of the increasing cost of health care, increasing the speed of technology change and a clear focus on digitization.
Today, R & D is about identifying future needs, working on ideas that can be converted into breakthrough technology to increase changes in health requirements.
Globally, Medtronic spent more than $ 2.3 billion in R & D, and expanded into areas such as aspects of digital software and others to go to the industry where the industry was heading.
Therefore, the R & D strategy must focus on overcoming universal health needs, increasing clinical yields, expanding global access to care.
Locally, MEIC conducts advanced R & D engineering and product development work for global business operating units in the fields of design, analysis, hardware, software development and testing, design quality, customer quality with future product development needs.
Neuroscience Lab in the Indian Medtronic Engineering Center and Innovation: Hub destination for R & D considering the market size and the availability of professional stem, India turns into a global R & D hub.
Gifted Indian scientists and engineers have contributed significantly to global innovation.
In addition, India grows rapidly to become a global leader in software development and service.
There are many factors that drive R & D investment decisions and ten years ago, Medtronic acknowledged and utilized Indian talent, when Meic was established in Hyderabad in June 2011.
Today, the current team of 500+ engineers in Meic have been involved in the work Contributing to more than 150 patents and 400 disclosure of intellectual property.
Medical technology mainly focuses on technical skills such as electrical / electronic techniques, machine engineering, biomedical engineering and computer science.
Robotics will play a very important role, whether it is in spinal or general operation operations and the team in Meic works on the robot program in software.
Another focus area is data science and cybersecurity where it develops competence.
With a vision to “accelerate the globalization of R & D and innovation to create unmatched values ​​for Medtronic,” Endeavour is to improve the mission of Medtronic – reduce pain, restore health & extend life.
As a result, R & D in Medtech offers an opportunity engineer to work in one of the most interesting aspects of health care, with the opportunity to save lives with their innovation.
As a global leader in medical technology, Muttronic aspires to encourage progress in innovation and compile a strong solution with clinical and economic values ​​that have been proven as a basis for bidding and value propositions.
For Medtronic, customers and patients remain in the relentless pursuit center to change health services.
Disclaimer: Content produced by India Medtronic Pvt Ltd.