GE Healthcare Awarded ‘Indian Medical Device Company of the Year’

At the ‘India Pharmaceutical & India Medical Device 2018’ exhibition and conference that was held from February 15 – 17, 2018 in the southern city of Bangalore, GE Healthcare was announced as the Indian Medical Device Company of the Year for 2018.

GE Healthcare

GE Healthcare was conferred this award for strong business performance and robust growth in revenue and exports. Nalinikanth Gollagunta, president and CEO, GE Healthcare, India and South Asia said, “This recognition is a reflection of our commitment to bring high-quality affordable medical technologies to solve the pressing healthcare needs of the country.”

February 16, 2018   No Comments

India’s Perfint Develops Tools to Assist in Tumor Ablation

Chennai, India-based Perfint Healthcare, has developed MAXIO, an image-guided, physician controlled robotic system that assists physicians to visualize and plan an entire procedure such as tumor ablation in 3D. Once the plan is confirmed, MAXIO’s stereotactic arm, combined with intra-operative registration, assists surgeons  to advance one or more instruments accurately to reach the target.

Founders S. Nandakumar, K. Guruswamy, K. Puhazhendi and Gopalakrishna Kulkarni spent a decade at  GE Healthcare prior to creating this company. After talking to a number of radiologists and physicians in India, the team designed a product that  is useful in treating tumors and managing pain rather than just diagnosing the tumor.

MAXIO

Maxio, an FDA 510k approved device is used  in the  U.S., Germany, Australia and India. . “It’s the best money can buy in two important areas of medical technology. There are similar systems that only the first world can afford, but this one is world-class, cost-effective and for me, this is true advancement in medicine,” says, Dr Yuman Fong, chair of surgery at City of Hope, the cancer research hospital in Duarte, California,  reports Outlook Business.

December 2, 2016   No Comments

GE Healthcare Targets $1 Billion Revenue by 2020

The  India unit of GE Healthcare projects revenue of $750 million this year, chief executive John Flannery said in an interview with the Economic Times.

Flannery believes that the current focus on cost, quality and outcomes, the hallmarks of India business, also forms an important  aspect of the company’s global business. “India is one of the highest growth businesses we have anywhere in the world. It has strong double-digit growth. So, it adds a lot of features to our global business,” he added.

The India market for GE Healthcare is growing at 20 percent annually and the company is targeting over $1 billion in revenue by 2020.

GE Healthcare

 

 

 

 

 

October 20, 2016   No Comments

GE, Tata Trusts to Enhance Skills in Healthcare Sector

In an effort to build and enhance skills in the healthcare sector, GE Healthcare and India’s Tata Trusts have entered into a partnership to train 10,000 youth in various technical areas of healthcare over a three-year period.

GE Healthcare Education Institute will design, develop and execute courses to equip trainees to graduate as X-ray, radiography, medical equipment, anesthesia, operation theater, and cardiac care technicians, as well as counselors in managing diabetes. These courses will be effected through a mix of both classroom training and interactive training exercises.

GE Healthcare

Tata Trusts will offer loan scholarships to the candidates that qualify for the training programs; GE will also fund certain candidates on the basis of their eligibility, says Skill Reporter.

 

October 18, 2016   No Comments

GE Healthcare Launches India Startup Accelerator

GE Healthcare has launched an accelerator focused on startups creating technologies that can improve healthcare delivery in developing or low-resource settings. The company is offering as much as $5 million per startup, reports Business Wire.

John Flannery, president & CEO of GE Healthcare said, “Globally, it’s estimated that more than 5.8 billion people in the world lack access to quality, affordable healthcare. Through five.eight, our goal is to fuel the greater global health ecosystem, partnering with social impact investors and global health startups, in order to maximize impact and outcomes for populations with the greatest need.”

GE Healthcare

In India – Acumen, Aavishkaar-Intellecap Group, Unitus Seed Fund and Villgro – will be among the initial applicants for the first accelerator program. The first company signed on to join five.eight is Tricog, a Bangalore-based startup which uses cloud-connected ECG devices to improve access to quick, accurate and affordable diagnosis leading to significant mortality reduction. Through the program, GE Healthcare and each startup will focus on commercially scaling healthcare innovations for emerging economies.

October 18, 2016   No Comments