Inventing medical devices: A perspective from India, by Dr Jagdish Chaturvedi
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Inventing medical devices: A perspective from India, by Dr Jagdish Chaturvedi
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The MedTech ecosystem in India is emerging and the Indian medical devices industry is on the growth curve, estimated to be a 14 Billion USD industry by 2020. However, the ecosystem is poorly understood with its diverse healthcare systems, complex stakeholders and limited available data. It is important to understand the MedTech ecosystem in India well before developing new medical technologies that suit this environment. In this book, the author shares his experiences, anecdotes, insights and failures while inventing medical devices in India over the last five years. The idea is to give entrepreneurs (clinicians, engineers, designers, business professionals) a realistic expectation of the time, money, co-ordination and teamwork required to develop a new medical device in India. This book is specially recommended for Indian healthcare professionals who are passionate about solving unmet clinical challenges by inventing new medical devices, but are not sure of how to go about taking their idea from a concept stage to an actual product. Entrepreneurs from engineering, design and business backgrounds, will also find this book useful, as it illustrates ways to engage with doctors, and gives a comprehensive perspective of the path from ideation to commercialization. This book attempts to address all common queries a budding entrepreneur in India can have such as "Where to find clinical challenges worth solving?" "How to find them?" " How do I form a cross-disciplinary team?" "Where do I find these people?" "If I have a great idea, when and how can I sell it?" "How long does it take to make a new medical device in India?" " How can I raise money for this development?" "How can full time practicing doctors work with engineers to develop a new device?" "How can engineers engage doctors for clinical inputs and validation?" " How can an invention that is developed at an academic institute be successfully translated to market through a start up company?" "How and when can I start making money?". The list is endless and understandably so because the MedTech ecosystem in India is still evolving and growing from infancy to adulthood. This book also provides in great detail, real life examples of financial expenditures necessary for various stages of the device development process and some financial terms for licensing and investment deals.
Inventing medical devices: A perspective from India, by Dr Jagdish Chaturvedi- Amazon Sales Rank: #3226401 in Books
- Published on: 2015-11-25
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .39" w x 6.00" l, .52 pounds
- Binding: Paperback
- 154 pages
About the Author Dr. Jagdish Chaturvedi is an actively practicing Ear Nose Throat surgeon who trained at St. John’s Medical College and Hospital, Bangalore (2009-2011), was a Stanford-India Biodesign (SIB) Fellow (Alumni 2012), and holds an MBA degree in Entrepreneurship and Hospital Management (NIBM). His core expertise lies in the process of identifying and analyzing unmet clinical needs for quick development of low-cost and high quality medical devices. Since 2010, he has co-invented, developed and commercialized multiple affordable medical devices. He is presently Director, Clinical Innovations at a medical device incubator called InnAccel, where is continues to develop and support the development of affordable medical devices for unmet clinical challenges in India.
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Most helpful customer reviews
1 of 1 people found the following review helpful. Brilliant effort! By Vandhana Narayan The book is put together perfectly - With inspiring real case examples, simple informal and straight-to the point writing, and a plethora of useful information, couldn't have asked for anything more! It covered all aspects of med device development in India, without seeming to thrust a cartload of information onto the readers! Kudos to the author for making it such a light read, despite squeezing in his 5 years worth of experiences and insights!I enjoyed it as much as I loved the "Biodesign: The Process of Innovating Medical Technologies" book! A brilliantly crafted Indian version!
0 of 0 people found the following review helpful. a book on inventing medical devices in India chronicling his experiences seems like the natural next step By Ramakrishna Pappu Dr. Jagdish Chaturvedi is a well known name in the Indian medical technology innovation industry. His reputation as an innovator is well earned, especially given his prolific pace of inventing medical devices (20+) in the past few years. With all this experience, a book on inventing medical devices in India chronicling his experiences seems like the natural next step.Inventing Medical Devices is a good read for everyone, not just for innovators in the MedTech industry. His experience in conceptualizing and developing each of his innovations has taught the author something new, and this he has passed on to others through this book. Despite the stated focus as a book for doctors looking to engage with the MedTech ecosystem in India, the book has several teachings for engineers, product designers, business strategists, marketing folks, and investors as well.This book as the author rightly claims is not a textbook – it is more autobiographical in nature and serves as a guide for everyone in the MedTech industry. Having said that, it would serve students looking to enter this industry well to get a better understanding from the insights shared.The author has covered all the important topics that would be relevant to gain a comprehensive understanding in MedTech—from the importance of working on the right problem to creative approaches to technical solutions, from understanding stakeholders to finally getting the product to the end users—this book covers almost the entire gamut of relevant topics for innovators.The style of writing is very clear, to the point and simple. The tone is more descriptive than prescriptive and this effectively gets the author’s point across. The caricatures are a delight, and the appendices at the end are very well thought out and quite comprehensive. For all the critically important information that this book contains, it is a surprisingly quick read – at less than a 150 pages, which I think was intentional – to keep this as a handy guide for innovators and would be innovators.For a young and growing MedTech ecosystem like the one that exists in India, this book has been released at very good time. I feel it could help a lot of young and new entrants into the Indian MedTech ecosystem to learn from one of the most prolific, passionate and innovative clinician-inventors of our time.
2 of 2 people found the following review helpful. A must read for those in the innovation space! By sp Nice content and illustrations!
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