The 10 Most Influential Leaders in Medtech- 2023

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Spotlighting the Benchmarks of Brilliance he MedTech industry is dynamic and rapidly Influential leaders in MedTech have a visionary mindset. evolving, requiring leaders who can adapt to They can envision the future of healthcare and understand T change and navigate challenges with resilience. the potential of technology to transform patient care. They Influential leaders possess the ability to embrace modern have a clear vision for their organizations and the industry technologies, pivot strategies when needed, and persevere as a whole, and they inspire others with their forward- through setbacks. They are agile and continuously seek thinking ideas and innovative approaches. opportunities for learning and growth. Leaders in MedTech recognize the importance of MedTech leaders have a deep understanding of medical continuous learning and personal growth. They stay technologies, scientific principles, and healthcare systems. updated on the latest advancements, scientific research, and They possess expertise in areas such as biotechnology, industry trends. They invest in their own professional development and encourage a culture of learning within medical devices, digital health, diagnostics, and pharmaceuticals. This technical knowledge allows them to their organizations. They are open to innovative ideas, drive innovation, make informed decisions, and guide their feedback, and innovation, constantly seeking opportunities organizations towards developing cutting-edge solutions. to improve themselves and their teams. Successful leaders in MedTech have a clear strategic vision Featuring the enthralling stories of the leaders in MedTech who are driving eternal betterments in the modern for their organizations and the industry as a whole. They possess the ability to anticipate future trends, identify healthcare sector, Insights Success—through its latest emerging opportunities, and define a roadmap for growth edition— sheds light on The 10 Most Influential Leaders and success. They can translate their vision into actionable in MedTech- 2023. strategies and effectively communicate it to their teams, Flip through the pages and Have a Delightful Read! stakeholders, and investors. In addition to technical expertise, influential leaders in MedTech have a solid grasp of business principles and Abhishek Joshi market dynamics. They understand the financial aspects of running a successful MedTech company, including fundraising, budgeting, and revenue generation. They can identify market opportunities, develop viable business models, and forge strategic partnerships and collaborations.

C O V E R S T O R Y 08 A r t i c l e s Know- How How Medtech has Evolved in Recent Years? 14 Wearable Technology in Healthcare 20 The Benefits and Challenges of Using Wearables in Medical Setting C o n t e n t s

The 10Most Editor-in-Chief Influential Merry D'Souza Leaders in Deputy Editor Executive Editor Assistant Editors Medtech Abhishek Joshi Jenny Fernandes Anish Miller 2023 Art & Design Director Associate Designer Visualizer David King Revati Badkas Ankita Pandharpure Company Name Featured Person Brief Alberto Conde Mellado Alberto holds more than 15 years working with data and GlucoVibes Senior Sales Manager Business Development Manager Industrial Engineer improving business profitability. glucovibes.com Nutrition Sciences Sihanee M., Rouniyar A. Peter Collins, Saurabh Mane Bassil is supporting Medical Device and In-Vitro Diagnostic AKRA TEAM GmbH Bassil Akra Marketing Manager Sales Executives Industry to get safe, qualitative and well-performing products akrateam.com CEO in the market. John Matthew Sanjay Kudsinge, Patrick James Bhaskar Sambasivan has been in the Health care and Life CitiusTech Bhaskar Sambasivan Sciences services industry for about 30 years and has served Technical Head Business Development Executives citiustech.com Senior Advisor many clients in leadership roles, establishing strategic Jacob Smile Steve, Joe partnerships to help transform their business. Björn’s work covers the whole value chain from early McKinsey Björn Albrecht discovery strategies through clinical development to Technical Specialist Digital Marketing Manager mckinsey.com Partner commercialization and reimbursement for cancer medicines. Dominique T. Prachi Mokashi Mr. Westgate has substantial expertise managing the economic, David C. Westgate Carestream Health Inc. cultural, and governance issues associated with large global Chairman, Research Analyst SME-SMO Executive carestream.com corporations. President and CEO Frank Adams Sagar Lahigade Jacqueline has over 25 years of materials and process Jacqueline Anim Ethicon (Johnson & Johnson) technology solutions experience for plastic applications in Sr. Principal Materials jnjmedtech.com automotive and medical technology environment. Engineer Database Management Technology Consultant Circulation Manager Stella Andrew David Stokes Robert Brown Keren is a seasoned executive with over 20 years’ experience in the medical device & pharmaceutical industries specializing in OCON Healthcare Keren Leshem the management of innovative start-ups, strategy, oconmed.com CEO sales@insightssuccess.com commercialization, BD and financing. April, 2023 Lisa Sasso Lisa empowers aspiring leaders and executives in the medical Medical Development President & Executive device and life sciences fields on setting and achieving both Partners Coach or Executive personal and professional goals, maintaining work/life balance meddevpartners.com Career Coach and ultimately reaching their greatest potential. Pratap is an innovative and high energy leader with a successful Follow us on : www.facebook.com/insightssuccess/ www.twitter.com/insightssuccess track record of developing, leading and growing multi-Billion- Greenway Health Pratap Sarker We are also available on : dollar businesses across service offerings and industry greenwayhealth.com CEO Copyright © 2023 Insights Success, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any segments. form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success. Reprint rights remain solely with Insights Success. Tina focuses on expanding research on women's health and Medicines360 Tina Raine-Bennett translating women's health research into clinical practice within medicines360.org CEO the Obstetrics and Gynecology departments

C o v e r S t o David C. r y Westgate Serving Healthcare Providers, Improving “ Clinical Outcomes, Leading MedTech Industry to New Heights Carestream’s goal is to continue delivering high-quality products and services through innovation and engaged employees driving operational efficiency. David C. Westgate, Chairman, President and CEO Carestream Health Inc. “

The 10 Most Influential Leaders in Medtech- 2023 “ arly diagnosis helps save lives. The MedTech industry has been making strides in developing E increasingly effective tools and techniques to assist healthcare practitioners in making better diagnoses and saving lives in the process. One of the companies whose products are making a difference every day is Carestream Health Inc. Carestream Health is a worldwide imaging company. It provides digital X-ray products and X-ray film for the Carestream is passionately committed medical and non-destructive testing market worldwide. It also provides technical and service support, including to delivering solutions that help our remote equipment and software management services. In addition, the company owns over 1,000 patents in digital customers in medical imaging do their “ with a track record for innovation. This includes advanced, imaging, film, and imaging chemistry. wireless CARESTREAM DR detectors that feature the X- work more efficiently, improve clinical Factor, making them compatible and shareable across all David C. Westgate, Chairman, President and CEO of our DRX equipment; our DRX-Revolution Mobile System Carestream Health is a leader with a very diverse portfolio outcomes, and lower the costs of that introduced the industry’s first collapsible column; our having experience across several industries and having held state-of-the-art, glass-free Lux 35 Detector; and our AI- a variety of roles in a business vertical. He is a go-getter healthcare. By applying our insights powered software platform. executive who doesn’t wait for opportunities to fall into his lap but instead focuses on remaining ahead of the and experience, we develop Ideas That What methodologies do you implement that contribute technological trends and industry curves. to new growth opportunities? Clearly Work. In an exclusive interview with Insights Success, David We don’t wait for opportunities to appear. We work hard to shares his insights to serving healthcare providers globally We don’t wait for stay ahead of technology innovation with our research and in support of Carestream’s mission to diagnose and treat development, like leveraging artificial intelligence to patients more efficiently. opportunities to appear. elevate our imaging solutions. We seek out mutually beneficial relationships with dealers to deliver our products We work hard to stay Below are the highlights of the interview: to markets we couldn’t reach cost-effectively. We tailor our ahead of technology products to the markets in recognition that different markets Briefly describe your professional journey up until now. are at distinct stages with unique needs. innovation with our I have been fortunate in that my professional career has Tell us about Carestream Health Inc. and its foundation allowed me to work in many industries and a variety of research and development, challenges; the key is to be completely transparent with the pillar. roles. I entered the workforce at Rockwell focusing on organization to align with the direction required. I learned engineering, operations, and quality, leading to the first 25 like leveraging artificial “ how to lead organizations in a very nimble way to adapt to Carestream is a leading supplier of solutions for digital years of my career in the automotive industry where market realities and adjust in real-time. medical imaging. We develop solutions that help our intelligence to elevate our customer focus and execution were the imperatives. customers in three fundamental and critical areas: What significant impact have you brought to the enhancing the user and patient experience; improving This allowed me to then progress into diversified industries MedTech industry? clinical outcomes; and reducing the overall costs of and I have been able to apply those experiences to benefit healthcare. my role in the healthcare industry. I have had the Carestream is passionately committed to delivering opportunity to be an executive leader as CEO of global solutions that help our customers in medical imaging do Carestream Health is a dynamic global company with over businesses for the last 25 years. their work more efficiently, improve clinical outcomes, and 100 years of leadership in imaging systems and services. lower the costs of healthcare. By applying our insights and Our focus on helping our healthcare customers improve What challenges did you face along the way? experience, we develop Ideas That Clearly Work. patient care has resulted in many innovations and earned more than 1,000 patents worldwide. Our industry firsts I’ve had the opportunity to be in businesses with Carestream is one of the top global providers of digital include: tremendous growth and also businesses that require radiography (DR) and computed radiography (CR) systems restructuring of costs. Both have their own set of imaging solutions.“

What are your goals in the upcoming future? Ÿ Initial patent for CR imaging plates Ÿ First DR detector Carestream’s goal is to continue delivering high-quality Ÿ First mobile DR system with a collapsible column products and services through innovation and engaged Ÿ First digital dental detector employees driving operational efficiency. With the global Ÿ A glass-free DR detector economy still feeling the effects of the pandemic, we are committed to remaining a viable organization with an eye What change would you like to bring to the MedTech toward possibilities. industry if given a chance? What advice would you like to give the next generation Assisting healthcare providers in the efficient diagnosing of aspiring business leaders? and treatment of their patients is important to Carestream and our mission. In support of that, any changes we can Regardless of industry, the most important aspect of any make to improve image quality at a lower cost would be a business is having in-depth knowledge of your customer, significant improvement to the industry. the markets, and your own business. Understand your competitive advantage and deliver a solution that improves What will be the next significant change in the MedTech the lives of your customers and their patients. industry, and how are you preparing for it? Understanding your finances and having a strong financial partner are also key to being successful. Artificial Intelligence (AI) is shaping the future of healthcare on several fronts. Specific to medical imaging, Achieving success also requires multiple leadership traits. we are applying AI in two critical areas that have the You need to have a customer-first mentality, both internally potential to benefit patients and healthcare providers. The and externally. Acting quickly with data-driven decisions is first is improving image quality to help improve clinical essential to responding to the dynamic needs of your outcomes. Our AI image process software increases the customers and the market. And above all, doing the right diagnostic quality of medical images so that radiologists things the right way is critical to establishing a reputation of have the information they need to make a confident quality, care, and integrity. diagnosis. The second area is improving the process of image capture. That has several important benefits. For one, mistakes can be made in the image capture process for several reasons, including incorrect positioning of the patient and/or the system. We apply automation and intelligence to the image capture process to help staff get the best possible image the first time – so that patients don’t need to undergo unnecessary exposure for retakes. Another benefit of automation is that it helps reduce the heavy workload of the radiology department. And lastly, automation makes the process more efficient. This gets diagnostic images into the hands of radiologists and physicians as quickly as possible so that they can begin a course of treatment for their patients. Overall, we are leveraging AI to enhance clinical outcomes, reduce overall costs for our customers, and make imaging equipment easier to use – and the applications of AI in medical imaging will continue to evolve.

Know-How How MedTech MedTech How How MedTech has Evolved has Evolved has Evolved in in in Recent Recent Recent Years? Years? Years? edical technology, often referred to as MedTech, plays a crucial role in revolutionizing healthcare M by improving patient outcomes, enhancing diagnostics, and streamlining medical procedures. In recent years, rapid advancements in technology have paved the way for significant developments in the field of MedTech. From artificial intelligence (AI) and robotics to telemedicine and wearable devices, the landscape of healthcare has been transformed, offering new possibilities for diagnosis, treatment, and patient care. This article explores the remarkable evolution of MedTech in recent years and highlights some of the ground-breaking innovations that are shaping the future of healthcare. Artificial Intelligence and Machine Learning: One of the most prominent areas of advancement in MedTech is the integration of artificial intelligence and machine learning algorithms. AI-powered technologies have the ability to process vast amounts of data, identify patterns, and make predictions, thereby enhancing diagnostic accuracy and treatment planning. Machine learning algorithms can analyze medical images, such as X- rays and MRIs, to assist radiologists in detecting abnormalities and providing more precise diagnoses. Additionally, AI-driven chatbots and virtual assistants are being used to provide personalized patient support and offer immediate medical advice. Robotics and Surgical Innovations: Robotic systems have made significant strides in surgical procedures, allowing for more precise and minimally invasive interventions. Robotic-assisted surgery enables surgeons to perform complex procedures with enhanced precision, reduced invasiveness, and improved patient April 2023 | 14 | www.insightssuccess.com April 2023 | 15 | www.insightssuccess.com

recovery times. These systems provide increased dexterity, allowed for the analysis of large volumes of medical data, 3D visualization, and real-time feedback to surgeons, including electronic health records, clinical trials, and leading to improved outcomes in various specialties such as population health data. By leveraging this data, healthcare urology, gynaecology, and cardiothoracic surgery. professionals can gain valuable insights into disease patterns, treatment effectiveness, and population health Telemedicine and Remote Monitoring: trends, leading to more informed decision-making and improved patient outcomes. The widespread adoption of telemedicine has been accelerated in recent years, especially during the COVID- Virtual Reality and Augmented Reality: 19 pandemic. Telemedicine platforms allow healthcare professionals to remotely diagnose and treat patients, Virtual Reality (VR) and Augmented Reality (AR) reducing the need for in-person visits and improving access technologies are being increasingly utilized in medical to care, particularly in rural or underserved areas. education, surgical planning, and patient rehabilitation. VR Furthermore, remote patient monitoring devices and simulations provide realistic training environments for wearable sensors enable continuous tracking of vital signs, medical professionals, enabling them to practice procedures medication adherence, and disease progression, and enhance their skills. AR overlays virtual elements onto empowering patients to take an active role in managing the real world, aiding surgeons in visualizing patient their health while providing healthcare providers with anatomy during surgeries and guiding precise interventions. valuable real-time data for timely interventions. Nanotechnology and Biomedical Engineering: Personalized Medicine and Genomics: Nanotechnology has made significant advancements in drug Advancements in genomics and molecular diagnostics have delivery systems, diagnostic tools, and biomaterials. Nano- opened up new frontiers in personalized medicine. Genetic sized particles and structures can be engineered to target testing and sequencing technologies have become more specific areas of the body, improving drug efficacy and accessible, enabling the identification of genetic markers for minimizing side effects. Biomedical engineering combines disease predisposition and treatment response prediction. engineering principles with medical sciences to develop This information allows healthcare professionals to tailor innovative medical devices, implants, and prosthetics that treatments to individual patients, improving efficacy and restore or enhance bodily functions. minimizing adverse effects. Furthermore, the development of gene therapies and gene editing techniques holds great Health Informatics and Interoperability: Health informatics promise for addressing previously incurable genetic focuses on the effective use of information technology in diseases. healthcare, including electronic health records, health information exchanges, and data interoperability. Seamless Internet of Medical Things (IoMT) and Wearable data exchange between different healthcare systems and Devices: providers enhances care coordination, reduces medical errors, and improves patient safety. The Internet of Medical Things (IoMT) refers to the integration of medical devices and sensors with The field of MedTech has experienced a remarkable connectivity and data analytics capabilities. Wearable evolution in recent years, driven by advancements in devices, such as smartwatches and fitness trackers, have artificial intelligence, robotics, telemedicine, genomics, and become increasingly popular, providing real-time wearable devices. These innovations have the potential to monitoring of vital signs, physical activity, and sleep revolutionize healthcare by improving diagnostics, patterns. These devices enable individuals to proactively enhancing surgical procedures, enabling remote care, manage their health, while healthcare providers can personalizing treatments, and empowering individuals to leverage the data to gain insights into patients' overall well- take control of their health. As technology continues to being and intervene when necessary. progress, the future of MedTech holds even more transformative possibilities, promising better health Big Data and Analytics: outcomes and improved patient experiences. The integration of big data analytics in healthcare has April 2023 | 16 | www.insightssuccess.com

Wearable Technology in Healthcare TheBenefitsandChaengesof TheBenefitsandChaengesof TheBenefitsandChaengesof Using Wearables in Medical Using Wearables in Medical Using Wearables in Medical Setting Setting Setting earable devices, such as smartwatches, fitness trackers, and biosensors, have gained W significant popularity in recent years. These devices, originally designed for personal health and fitness monitoring, are now being increasingly adopted in medical settings. Wearables offer the potential to revolutionize healthcare by providing continuous, real-time data monitoring and empowering patients to take an active role in managing their health. This article explores the benefits and challenges associated with the use of wearables in the medical setting. Benefits of Wearables in the Medical Setting Continuous Monitoring and Early Detection Wearables enable continuous monitoring of vital signs, including heart rate, blood pressure, respiratory rate, and sleep patterns. This continuous data collection allows for early detection of abnormalities or changes in a patient's health status, enabling timely interventions and proactive healthcare management. Personalized and Remote Patient Care By collecting and analyzing data in real-time, wearables facilitate personalized patient care. Healthcare providers can remotely monitor patients' health metrics, assess treatment effectiveness, and make informed decisions about medication adjustments or interventions. Wearables also promote patient engagement and self-care, as individuals have access to their own health data and can actively participate in their treatment plans. April 2023 | 20 | www.insightssuccess.com April 2023 | 21 | www.insightssuccess.com

Improved Chronic Disease Management facilitate the secure and seamless integration of wearable data into clinical workflows. For patients with chronic conditions, wearables offer a means of tracking and managing their health on a daily User Adoption and Engagement basis. These devices can monitor parameters such as blood glucose levels for diabetics, activity levels for individuals Wearables can only deliver meaningful benefits if users with cardiovascular disease, or medication adherence for adopt them and actively engage with their health data. patients with chronic illnesses. Wearables provide valuable Challenges related to user adoption include the cost of insights into disease management and help patients and devices, the complexity of data interpretation, and the need healthcare providers make informed decisions about for user education and support. Healthcare providers should treatment adjustments or lifestyle modifications. focus on patient education, user-friendly interfaces, and effective strategies to promote sustained engagement with Enhanced Patient-Physician Communication wearables. Wearables enable seamless sharing of health data between The use of wearables in the medical setting offers numerous patients and healthcare providers. This promotes improved benefits, including continuous monitoring, personalized communication and collaboration, as physicians can gain a care, and improved patient-physician communication. deeper understanding of a patient's health outside of the However, challenges related to data accuracy, security, clinic or hospital setting. Patients can also communicate integration, and user adoption must be addressed for symptoms or concerns in real-time, facilitating more wearables to reach their full potential in healthcare. By accurate diagnoses and more effective treatment plans. navigating these challenges and leveraging the benefits, wearables have the potential to transform patient care, Data Accuracy and Reliability enhance disease management, and empower individuals to actively participate in their health and well-being. Ensuring the accuracy and reliability of wearable-generated data is crucial for its integration into medical decision- making. The precision of sensors, calibration, and variability between devices can impact the quality and validity of the data collected. Healthcare professionals need to critically evaluate the accuracy and clinical relevance of wearable-generated data before making clinical decisions. Data Security and Privacy Wearable devices collect sensitive personal health information, making data security and privacy paramount. Health data transmitted from wearables to healthcare systems must be protected from unauthorized access, breaches, or misuse. Healthcare organizations need robust security measures, including encryption, authentication protocols, and adherence to data privacy regulations, to safeguard patient information. Integration with Healthcare Systems Integrating wearable data with existing healthcare systems and electronic health records (EHRs) can be challenging. Interoperability issues, different data formats, and the need for seamless data exchange can pose obstacles to effective integration. Healthcare providers must work towards establishing standardized protocols and systems that April 2023 | 22 | www.insightssuccess.com

The 10 Most Influential Leaders in Medtech- 2023

The 10 Most Influential Leaders in Medtech- 2023

Presentation Transcript

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