Authors Gunjan Bagla and Rajnish Rohatgi of Amritt Inc.outlined four trends that are showing why the country is becoming more appealing to any device manufacturer and distributor:
- 1) The medical coverage in the country is becoming more available to the general public. They can now accesses these life changing devices.
- 2) With the increase of funding and knowledge, many hospitals are now demanding more technology to better suit their patients needs.
- 3) Federal funding of healthcare in the nation is increasing. With more money comes more opportunities for breakthrough technology to happen in the hospitals.
- 4) Not only is public funding increasing, but private funding of healthcare is on the rise as well. New, large hospitals prime for innovation are being funded.
What would be some of the benefits to outsourcing your medical device clinical trails to India?