SEARCH
Current Location:
>
> This Story

starstarstarstarstar (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

Medtech industry dominated by megamergers totaling $40 billion last year: report But companies are consolidating due to pressure to lower prices

Bringing the radiation risk discussion to the patient bedside Patients reluctantly in the dark when it comes to understanding imaging

Senate adjourns with fate of SGR repeal uncertain, AMA voices displeasure AMA "extremely disappointed" with two week delay

Olympus unveils new FDA-endorsed reprocessing instructions for duodenoscopes New cleaning protocol achieves million-fold reduction in microbes

C. difficile 30-day readmissions nearly double those from other causes: study Study offers profound insight for hospitals, which will be penalized under the Hospital-Acquired Condition Reduction Program that CMS is starting

Increase in minimally-invasive procedures could save U.S. hospitals $280 to $340 million annually: study Also has dramatic impact on complications, and length of hospital stay

FDA issues separate MRI recalls to GE and Siemens The unrelated recalls pertain to 132 Siemens MRI systems and 9,369 GE MRI systems

Studies have yet to demonstrate HIEs improve speed, quality, safety and cost: paper Too soon to say hospitals received money’s worth from HIEs, said researchers

House passes SGR repeal with overwhelming majority After a vote of 392 to 37, legislation will go to the Senate

Most ER physicians order unnecessary imaging tests: study But will malpractice reform have any effect on that?

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

We want to buy your Siemens Symphony or Avanto MRI -- today!

Top Dollar Paid, Fixed or Mobile. Call our Siemens Specialist for a Quote today -- 212-558-6600 Ext. 250 DOTmed Certified



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

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Center
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
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 ©2001-2015 DOTmed.com, Inc.
ALL RIGHTS RESERVED