Abstract
New technology products are continuously replacing the older ones especially in medical devices. The time interval between successive technologies of medical devices is less. This reduces the impact of new technology in terms of adoption, product effectiveness and efficiency. Organizations face tighter targets with respect to new technology introduction due to lack of developmental time. Stringent government regulations further concern the medical device industry in terms of new technology selection, product development and effective diffusion. A systematic approach towards technology development helps the medical device industry to foresee the issues related to technology with respect to policy planner, manufacturer and user. Morphological analysis is employed in this chapter to discuss the possible issues of Indian medical device industry from the perspective of policy planners, manufacturers and users.
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Notes
- 1.
PPN is a list of hospitals that can claim dues directly from the insurer instead of charging the patient.
- 2.
Based on how patients interact with medical system in place; it focuses on diagnosis and treatment.
- 3.
Stakeholders behind the medical treatment to finance the cycle of care.
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Ramesh, A., Sai, L.P. (2013). Technology Management Issues in the Indian Medical Devices Industry: A Morphological Analysis. In: Mukhopadhyay, C., et al. Driving the Economy through Innovation and Entrepreneurship. Springer, India. https://doi.org/10.1007/978-81-322-0746-7_8
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