Opening the Doors to India: Opportunities and Challenges of Offshoring Medical Devices

According to one report, the medical devices market is about 50 percent of the world pharmaceutical market in terms of relative size, but is also growing faster than its drug counterpart. To compete in this attractive market, many medical device companies are prospering by partnering with offshore outsourcing companies and collaborating on medical device development and manufacturing. By offshoring, U.S. medical device manufacturers can focus on more strategic, value-added projects, and divert substantial funds to research and development. This paper highlights the opportunities and challenges associated with offshoring medical devices in India and how HCL Technologies, India's leading global IT Services company, can help.