Outsourcing: Opportunities for OEM Partnering
medical device industry will grow to about US $302 bn in
2017. The modest growth rates of the US and EU regions have
OEM’s pursuing regions of greater growth, including India.
Indian medical device market currently relies on imports.
There are significant import substitution opportunities for
medical device OEMs. Challenges in India differ from US and
EU; such as design rationalization/ localization of devices,
regulatory standards to meet the OEM brand, in-country
manufacturing and distribution.
International OEM’s value manufacturing partners with:
global reach, medical device experience, design
rationalization capability, and an understanding of the
unique distribution systems within India.
SMC Manufacturing Pvt. Ltd.
Patel - Owner and President/CEO of SMC Ltd. with 9 global
locations, including a facility in Bangalore, India. An
original founder of SMC Ltd. in 1988, Mr. Patel is a leader
and visionary in the custom plastics manufacturing industry.
His leadership in both technical and commercial activities
has propelled SMC Ltd. to a primary position in today’s
Medical Contract Manufacturing marketplace. Chetan has done
Plastics Engineering from Shri Bhagubhai Mafatlal
Polytechnic, Mumbai, India, Master of Science in Plastics
Engineering from University of Lowell, Massachusetts, US and
Advanced Business Studies from St. Thomas University,