“Landscape Of Medical Equipment Industry In India And Across The World”

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Bhubaneswar: Xavier Institute of Management, Bhubaneswar organized a leadership talk on Thursday, 09th August 2018. The topic of discussion was ‘Landscape of Medical Equipment Industry in India and Across the World’. The speaker for the occasion was Mr. Pawan Kumar Mocherla, Managing Director, Becton Dickinson India Pvt. Ltd.
Mr. Mocherla has been spearheading the Indian and South Asian operations for Becton Dickinson India Pvt. Ltd. since February 2018. Prior to his role as the Managing Director, Mr. Mocherla has previously held positions of responsibility like Senior Director of Containment Platform, BD Diagnostics – Pre-analytical Systems, Business Director – Pre-analytical Systems, Middle East & Africa, Business Manager – Injection Safety and many others. In his new role as Managing Director, Mr. Mocherla has been instrumental in setting up an Innovation System to accelerate growth opportunities for the markets of China and South East Asia. Prior to Becton Dickinson India Pvt. Ltd., Mr. Mocherla has worked with companies like Whirlpool, ONIDA, and NIIT Limited.
In the discussion, Mr. Mocherla elucidated what exactly are Medical Devices and the Value Chain that Medical Devices hold in the Healthcare Industry. He also illustrated the position of the Healthcare Industry both globally and In the Indian context. The discussion was taken further by the speaker into the current scenario of healthcare in India. While the health care sector of India has been growing leaps and bounds since the last decade, Mr. Mocherla pointed out the major lacunae which have put India far behind countries like the United States and China. The unavailability of quality medical care, dynamic disease burden, and high catastrophic expenditures are some of the major roadblocks for the healthcare industry to overcome.
Lastly, Mr. Mocherla stressed the fact that despite various obstacles, India is positioned to be one of the most lucrative markets for healthcare. India’s large population and the growing economic prosperity make it a profitable market to capitalize on. Moreover, the future of Healthcare Industry is laced with technological advancements with the likes of Artificial Intelligence, Robotics, Implants, and Portability. He also elaborated the role of the private sector to uplift the healthcare scenario, along with the pertinent steps which should be taken by the government to address the rising issue of quality and affordable healthcare to the masses, which included the “Ayushman Bharat” scheme.
The discussion was followed by an interactive Q&A round with the audience, where some brilliant questions were raised by the students. Mr. Mocherla adroitly handled the challenging questions, adding even more value to an already enriching session. In answer to one of the questions, He also mentioned how Becton Dickinson India Pvt. Ltd. has revolutionized the healthcare industry with its relentless pursuit of innovation. Situated in Bawal, Haryana, BD India’s manufacturing plant is capable of producing over a billion medical devices of Class II and IIa disposable needles and syringes using a highly automated process as per global standards.