Now a days, field of medical invention is budding at faster pace for better clinical outcomes with less invasive procedures and shorter recovery times. Integration of biological and engineering provide better clinical interventions.
Incorporation of medical devices for treatment endows great benefits to health care system by providing faster and effective treatment options. Medical Device is something that does not achieve its purposes through chemical action within or on the body. A medical device ranges from simple tongue depressors and bandages to complex programmable pacemakers and sophisticated imaging systems. Major products include surgical and medical instruments such as syringes, surgical clamps, and stethoscopes (about 40 percent of industry revenue) and surgical appliances and supplies such as surgical dressings, orthopedic devices, and lab equipment ( about 40 percent).
The market is anticipated to grow at a CAGR (Compound Annual Growth Rate) of 14.9% in local currency terms(2013-2018), equal to a US dollar CAGR (Compound Annual Growth Rate) of 15.0%, making India one of the fastest growing markets in the world. The major players in the Indian market are Hindustan Syringes & Medical , Devices, Opto Circuits (India), Wipro GE Healthcare, 3M India, Medtronic, Johnson & Johnson, Becton, Dickinson, Abbott Vascular, Bausch & Lomb, Baxter, Zimmer India, Edwards Life Sciences, St. Jude,Medical, Stryker, Boston Scientific, BPL Healthcare, India, Sushrut Surgicals, Trivitron Diagnostics, Accurex Biomedical, Biopore Surgicals etc.
The U.S. is the largest consumer of medical devices and leads the world in the production of medical devices. The U.S. has a medical device market valued at more than $100 billion in 2008, roughly 42 percent of the world's total.
It is a matter of pleasure that IGMPI provides an opportunity to move hand in hand with this emerging industry by bestowing programme such as PG Diploma in Medical Devices Management. Structure of this programme has been designed in such a way that all industry expectations are met expediently.
Working professionals can get similar benefits from the Executive Diploma Course in Medical Device Management.
Placement testimonials: Our alumni are working with Fortune 500 and global Pharmaceutical, Food and healthcare giants like
Mr Vinod Arora, Principal Advisor, IGMPI