Boston Scientific sets up integrated facility in India
15 July 2016
Medical devices maker Boston Scientific today officially opened a 100,000 sq. ft. research and development, training and commercial center today that will enable it to develop and sell minimally invasive technologies fit for India and the greater Asian market, and train physicians in using them effectively.
The new facility marks a strategic investment by Boston Scientific. The R&D Center will focus on creating market-appropriate products based on unmet clinical needs in emerging markets, and will also serve as a global product engineering center. The state-of-the-art Institute for Advancing Science (IAS), a physician training facility equipped with world-class simulators for hands-on training on innovative technologies, is the newest addition to the growing global network of Boston Scientific IAS facilities.
As a key country in the company's emerging market strategy, India's improving economic conditions and healthcare access show potential for the growth of the local healthcare industry and need for medical devices.
By establishing a consolidated presence in the region, Boston Scientific will extend its reach in India, offering solutions to physicians and patients combatting conditions in areas such as cardiovascular disease, cardiac arrhythmias, gastrointestinal and urologic disorders, and chronic pain.
''India is an important market and it holds great potential for the global medical devices industry,'' said Prabal Chakraborty, vice president and managing director for Boston Scientific in India. ''The Indian ecosystem has all the right ingredients for innovation, namely a best-in-class technical talent pool in the areas of STEM (science, technology, engineering and math), world-renowned physicians who bring an understanding of clinical unmet needs, and top-notch academic institutions.
"We plan to tap into the high calibre talent pool and the innovation ecosystem to deliver cutting-edge medical device innovation. The launch of this facility underscores our commitment to India, and we are confident that our R&D activities will address many of the current health challenges of the country and the world,'' he aded.
Boston Scientific has been operating in India since 2003.