dismiss

Need Spare Parts? Try the All-New Parts Hunter+EasyPay -- Learn more here

SEARCH
Current Location:
>
> This Story

(1)
Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

Never Miss a Story

Sign up for email alerts

 

More Industry Headlines

No anxiety over false positive CT lung cancer results May influence CMS's coverage decision

FDA approves Philips' mobile ultrasound Product for the globe

ACR calls for tomo coverage CMS will decide in October

Dunlee to introduce new tube at RSNA Company confirms continued commitment to tube manufacturing

Radiotherapy steps outside of cancer treatment Shows promise for heart disease

Setting the Standard: XR-29 and the Importance of CT Dose Optimization Next step to reducing dose

Data collection system personalizes cancer treatment Predicts possible side effects

Hidden info in PET images aids cancer treatment Largest study of its kind

Survey shows U.S. hospital performance The health care system receives a mixed review

Standardizing breast density notification First bill that sets minimum federal standard

Philips' new Chakan plant. (Photo credit: Philips)

Philips opens X-ray, cath lab factory in India

by Brendon Nafziger , DOTmed News Associate Editor
Royal Philips Electronics has opened its first all-new medical imaging system factory in India as part of a bid to expand its presence in developing markets.

Located 92 miles east of Mumbai in the city of Chakan, the Philips Development and Manufacturing Center will make X-ray systems and Allura FC, the company's first India-made cath lab. The factory opened its doors Thursday.

Story Continues Below Advertisement

Click here to Schedule a Demonstration With McKesson

McKesson Enterprise Medical Imaging Solutions Help Enhance Your Financial, Clinical & Operational Effectiveness. Learn more about McKesson solutions for radiology at McKesson.com/medicalimaging



Philips said the equipment manufactured at the facility, such as the Allura, which has been out since 2010, will not just be marketed to Indian health care providers, but potentially also to the "value segment" in other countries looking for entry-level products, such as in Eastern Europe, Russia, Latin America and other parts of Asia.

The move is part of Philips' broader goal of beefing up its presence in what the company calls "growth geographies," but specifically India, China and Brazil.

"Philips has always been a leading player in the premium, high-end segment," Steve Klink, a company spokesman, told DOTmed News. "But three or four years ago, we decided also to enter a middle-end, or value segment, and for that we realized we needed to have a local footprint."

In India, Philips obtained its local footprint in 2008 by buying domestic X-ray manufacturers Alpha X-ray Technologies and Meditronics.

And since 2009, the company has more than doubled its low-cost manufacturing capacity worldwide, adding nearly 1,000 employees to its developing world R&D staff, according to a recent presentation by Philips' imaging systems sector boss Gene Saragnese, which the company shared with DOTmed News.

In the presentation, Saragense said growth geography's equipment market (for imaging and patient monitors) was growing at twice the rate of the global average. And while the value segment of the international X-ray market might be small now, for instance, it's growing at a brisk 15 percent every year, Klink said.

LIMITING FACTOR

Despite the rapid growth, Philips said it has had to do more than just open a factory. The company has also been running training programs, helping radiologists and other health care providers improve their skills at India's top-tier hospitals.

"A limiting factor in the growth is [the lack of] trained personnel," he said.

But as Philips helps train doctors, it's also working on new equipment releases. The company said it has six new "value offerings" coming this year, including CT and DR systems in China, a DR system in Brazil and a surgery system in India.




Related:


Interested in Medical Industry News? Subscribe to DOTmed's weekly news email and always be informed. Click here, it takes just 30 seconds.

You Must Be Logged In To Post A Comment

Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2014 DOTmed.com, Inc.
ALL RIGHTS RESERVED