Mattias Perjos, president and global CEO of Sweden headquartered medical technology company, Getinge, talked about the challenges and scope of medtech companies in India, market expectations, and Getinge’s key plans for the country with Financial Express.
Lightly edited excerpts from the discussion follow:
On Getinge’s plans for India’s medtech industry and market expectations
Perjos: India is today one of our top-10 markets in terms of net sales and with the growing population in India, we see the need for healthcare infrastructure on the rise and plan to bring value offerings. Apart from offering our products and solutions to the Indian market, we have established an Innovation and Global Sourcing hub in Bangalore. We expect to utilize this center not only for the Indian market, but also globally in the long run.
On how Getinge contributes toward the medical infrastructure across the country
Perjos: Currently, we are working with 10,000 hospitals in tier I and tier II cities all over India to create world class infrastructure. We have 90% market share for Endoscopic Vessel Harvesting (EVH), 85% for Extra Corporeal Membrane Oxygenation (ECMO) and 30% for Advanced Ventilators in India. We are particularly proud of having responded quickly to complete record installations of Ventilators/ECMO machines in the brutal second wave of COVID-19 Pandemic.
On the challenges for India’s medtech industry
Perjos: India has shown a lot of frugal innovation in this field, but to emerge as global supplier destination in MedTech, there is a need to further focus on developing industrial footprint on active electronics and sustainability. Equally important is to increase its focus and understanding of developing state of the art testing and verification ecosystem apart from clinical validation infrastructure. Getinge is looking forward to be part of this development.
On Getinge’s plan to diversify into other segments of healthcare in India
Perjos: Right now, we are increasing our focus on integrated MedTech through our digital health portfolio given the need we see in the market. Our digital solutions and products on the market significantly expands capabilities in key areas, including predicting surgery times, managing waiting lists and data security. By digitalizing best practices, providing real time intelligence and reducing administration, develop solutions that support better patient care as well as better working conditions for hospital staff.
