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Regulation quagmire, inclusive innovations and arrested development: evidence from the Indian medical device industry

Kale, Dinar (2013). Regulation quagmire, inclusive innovations and arrested development: evidence from the Indian medical device industry. In: 11th Globelics International Conference, 11-13 Sep 2013, Ankara, Turkey.

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Abstract

In any healthcare sector, the medical device industry plays an important role in reducing overall healthcare costs and ensuring effective access to healthcare. However, in developing countries such as India compared to the success of the pharmaceutical and biotechnology industry, the medical device industry has not witnessed similar growth. In this context this paper studies factors and issues that hampered development of the medical device industry in India. Specifically it explores the link between regulatory policies and their impact on innovation and technology capability development in the Indian medical device industry. Further it examines the complex relationship between healthcare regulation, innovation, and sustainable development within the context of an increasingly globalising economy. It shows crucial role of smart and appropriate regulation in creation of the basic technological capabilities, incentivising inclusive innovation and affordable healthcare.

Item Type: Conference or Workshop Item
Copyright Holders: 2013 The Author
Keywords: healthcare; medical devices; technology; India; regulation; development; inclusive innovation
Academic Unit/School: Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies > Development
Faculty of Arts and Social Sciences (FASS) > Social Sciences and Global Studies
Faculty of Arts and Social Sciences (FASS)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Institute for Innovation Generation in the Life Sciences (Innogen)
Related URLs:
Item ID: 38625
Depositing User: Dinar Kale
Date Deposited: 02 Oct 2013 11:44
Last Modified: 08 Aug 2019 03:45
URI: http://oro.open.ac.uk/id/eprint/38625
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