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Technology Management Issues in the Indian Medical Devices Industry: A Morphological Analysis

In: Driving the Economy through Innovation and Entrepreneurship

Author

Listed:
  • Ananthavalli Ramesh

    (Indian Institute of Technology Madras)

  • L. Prakash Sai

    (Indian Institute of Technology Madras)

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.

Suggested Citation

  • Ananthavalli Ramesh & L. Prakash Sai, 2013. "Technology Management Issues in the Indian Medical Devices Industry: A Morphological Analysis," Springer Books, in: Chiranjit Mukhopadhyay & K B Akhilesh & R. Srinivasan & Anjula Gurtoo & Parthasarathy Ramachandran & (ed.), Driving the Economy through Innovation and Entrepreneurship, edition 127, pages 87-98, Springer.
    • Handle: RePEc:spr:sprchp:978-81-322-0746-7_8
    DOI: 10.1007/978-81-322-0746-7_8
    as

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