This edition features a handful of The 10 Most Influential Leaders in Medtech leaders across several sectors that are at the forefront of leading us into a digital future
4. Spotlighting the Benchmarks
of Brilliance
he MedTech industry is dynamic and rapidly
Tevolving, requiring leaders who can adapt to
change and navigate challenges with resilience.
Influential leaders possess the ability to embrace modern
technologies, pivot strategies when needed, and persevere
through setbacks. They are agile and continuously seek
opportunities for learning and growth.
MedTech leaders have a deep understanding of medical
technologies, scientific principles, and healthcare systems.
They possess expertise in areas such as biotechnology,
medical devices, digital health, diagnostics, and
pharmaceuticals. This technical knowledge allows them to
drive innovation, make informed decisions, and guide their
organizations towards developing cutting-edge solutions.
Successful leaders in MedTech have a clear strategic vision
for their organizations and the industry as a whole. They
possess the ability to anticipate future trends, identify
emerging opportunities, and define a roadmap for growth
and success. They can translate their vision into actionable
strategies and effectively communicate it to their teams,
stakeholders, and investors.
In addition to technical expertise, influential leaders in
MedTech have a solid grasp of business principles and
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.
Influential leaders in MedTech have a visionary mindset.
They can envision the future of healthcare and understand
the potential of technology to transform patient care. They
have a clear vision for their organizations and the industry
as a whole, and they inspire others with their forward-
thinking ideas and innovative approaches.
Leaders in MedTech recognize the importance of
continuous learning and personal growth. They stay
updated on the latest advancements, scientific research, and
industry trends. They invest in their own professional
development and encourage a culture of learning within
their organizations. They are open to innovative ideas,
feedback, and innovation, constantly seeking opportunities
to improve themselves and their teams.
Featuring the enthralling stories of the leaders in MedTech
who are driving eternal betterments in the modern
healthcare sector, Insights Success—through its latest
edition— sheds light on The 10 Most Influential Leaders
in MedTech- 2023.
Flip through the pages and Have a Delightful Read!
Abhishek Joshi
7. C o n t e n t s
A r t i c l e s
Know- How
Wearable Technology in
Healthcare
How Medtech has
Evolved in Recent Years?
The Benefits and
Challenges of
Using Wearables in
Medical Setting
14
20
9. Brief
Company Name
Alberto holds more than 15 years working with data and
improving business profitability.
Featured Person
GlucoVibes
glucovibes.com
Alberto Conde Mellado
Industrial Engineer
Nutrition Sciences
Bassil is supporting Medical Device and In-Vitro Diagnostic
Industry to get safe, qualitative and well-performing products
in the market.
AKRA TEAM GmbH
akrateam.com
Bassil Akra
CEO
Bhaskar Sambasivan has been in the Health care and Life
Sciences services industry for about 30 years and has served
many clients in leadership roles, establishing strategic
partnerships to help transform their business.
CitiusTech
citiustech.com
Bhaskar Sambasivan
Senior Advisor
Björn’s work covers the whole value chain from early
discovery strategies through clinical development to
commercialization and reimbursement for cancer medicines.
McKinsey
mckinsey.com
Björn Albrecht
Partner
Mr. Westgate has substantial expertise managing the economic,
cultural, and governance issues associated with large global
corporations.
Carestream Health Inc.
carestream.com
David C. Westgate
Chairman,
President and CEO
Jacqueline has over 25 years of materials and process
technology solutions experience for plastic applications in
automotive and medical technology environment.
Ethicon (Johnson & Johnson)
jnjmedtech.com
Jacqueline Anim
Sr. Principal Materials
Engineer
Keren is a seasoned executive with over 20 years’ experience in
the medical device & pharmaceutical industries specializing in
the management of innovative start-ups, strategy,
commercialization, BD and financing.
OCON Healthcare
oconmed.com
Keren Leshem
CEO
Lisa empowers aspiring leaders and executives in the medical
device and life sciences fields on setting and achieving both
personal and professional goals, maintaining work/life balance
and ultimately reaching their greatest potential.
Medical Development
Partners
meddevpartners.com
Lisa Sasso
President & Executive
Coach or Executive
Career Coach
Pratap is an innovative and high energy leader with a successful
track record of developing, leading and growing multi-Billion-
dollar businesses across service offerings and industry
segments.
Greenway Health
greenwayhealth.com
Pratap Sarker
CEO
Tina focuses on expanding research on women's health and
translating women's health research into clinical practice within
the Obstetrics and Gynecology departments
Medicines360
medicines360.org
Tina Raine-Bennett
CEO
The
10Most
Influential
Leaders in
Medtech
2023
11. David C.
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.
“
“
12. Early diagnosis helps save lives. The MedTech
industry has been making strides in developing
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
medical and non-destructive testing market worldwide. It
also provides technical and service support, including
remote equipment and software management services. In
addition, the company owns over 1,000 patents in digital
imaging, film, and imaging chemistry.
David C. Westgate, Chairman, President and CEO of
Carestream Health is a leader with a very diverse portfolio
having experience across several industries and having held
a variety of roles in a business vertical. He is a go-getter
executive who doesn’t wait for opportunities to fall into his
lap but instead focuses on remaining ahead of the
technological trends and industry curves.
In an exclusive interview with Insights Success, David
shares his insights to serving healthcare providers globally
in support of Carestream’s mission to diagnose and treat
patients more efficiently.
Below are the highlights of the interview:
Briefly describe your professional journey up until now.
I have been fortunate in that my professional career has
allowed me to work in many industries and a variety of
roles. I entered the workforce at Rockwell focusing on
engineering, operations, and quality, leading to the first 25
years of my career in the automotive industry where
customer focus and execution were the imperatives.
This allowed me to then progress into diversified industries
and I have been able to apply those experiences to benefit
my role in the healthcare industry. I have had the
opportunity to be an executive leader as CEO of global
businesses for the last 25 years.
What challenges did you face along the way?
I’ve had the opportunity to be in businesses with
tremendous growth and also businesses that require
restructuring of costs. Both have their own set of
challenges; the key is to be completely transparent with the
organization to align with the direction required. I learned
how to lead organizations in a very nimble way to adapt to
market realities and adjust in real-time.
What significant impact have you brought to the
MedTech industry?
Carestream is passionately committed to delivering
solutions that help our customers in medical imaging do
their work more efficiently, improve clinical outcomes, and
lower the costs of healthcare. By applying our insights and
experience, we develop Ideas That Clearly Work.
Carestream is one of the top global providers of digital
radiography (DR) and computed radiography (CR) systems
Carestream is passionately committed
to delivering solutions that help our
customers in medical imaging do their
work more efficiently, improve clinical
outcomes, and lower the costs of
healthcare. By applying our insights
and experience, we develop Ideas That
Clearly Work.
“
“
The 10 Most Influential Leaders in Medtech- 2023
13. with a track record for innovation. This includes advanced,
wireless CARESTREAM DR detectors that feature the X-
Factor, making them compatible and shareable across all
our DRX equipment; our DRX-Revolution Mobile System
that introduced the industry’s first collapsible column; our
state-of-the-art, glass-free Lux 35 Detector; and our AI-
powered software platform.
What methodologies do you implement that contribute
to new growth opportunities?
We don’t wait for opportunities to appear. We work hard to
stay ahead of technology innovation with our research and
development, like leveraging artificial intelligence to
elevate our imaging solutions. We seek out mutually
beneficial relationships with dealers to deliver our products
to markets we couldn’t reach cost-effectively. We tailor our
products to the markets in recognition that different markets
are at distinct stages with unique needs.
Tell us about Carestream Health Inc. and its foundation
pillar.
Carestream is a leading supplier of solutions for digital
medical imaging. We develop solutions that help our
customers in three fundamental and critical areas:
enhancing the user and patient experience; improving
clinical outcomes; and reducing the overall costs of
healthcare.
Carestream Health is a dynamic global company with over
100 years of leadership in imaging systems and services.
Our focus on helping our healthcare customers improve
patient care has resulted in many innovations and earned
more than 1,000 patents worldwide. Our industry firsts
include:
We don’t wait for
opportunities to appear.
We work hard to stay
ahead of technology
innovation with our
research and development,
like leveraging artificial
intelligence to elevate our
imaging solutions.
“
“
14. Ÿ Initial patent for CR imaging plates
Ÿ First DR detector
Ÿ First mobile DR system with a collapsible column
Ÿ First digital dental detector
Ÿ A glass-free DR detector
What change would you like to bring to the MedTech
industry if given a chance?
Assisting healthcare providers in the efficient diagnosing
and treatment of their patients is important to Carestream
and our mission. In support of that, any changes we can
make to improve image quality at a lower cost would be a
significant improvement to the industry.
What will be the next significant change in the MedTech
industry, and how are you preparing for it?
Artificial Intelligence (AI) is shaping the future of
healthcare on several fronts. Specific to medical imaging,
we are applying AI in two critical areas that have the
potential to benefit patients and healthcare providers. The
first is improving image quality to help improve clinical
outcomes. Our AI image process software increases the
diagnostic quality of medical images so that radiologists
have the information they need to make a confident
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.
What are your goals in the upcoming future?
Carestream’s goal is to continue delivering high-quality
products and services through innovation and engaged
employees driving operational efficiency. With the global
economy still feeling the effects of the pandemic, we are
committed to remaining a viable organization with an eye
toward possibilities.
What advice would you like to give the next generation
of aspiring business leaders?
Regardless of industry, the most important aspect of any
business is having in-depth knowledge of your customer,
the markets, and your own business. Understand your
competitive advantage and deliver a solution that improves
the lives of your customers and their patients.
Understanding your finances and having a strong financial
partner are also key to being successful.
Achieving success also requires multiple leadership traits.
You need to have a customer-first mentality, both internally
and externally. Acting quickly with data-driven decisions is
essential to responding to the dynamic needs of your
customers and the market. And above all, doing the right
things the right way is critical to establishing a reputation of
quality, care, and integrity.
15.
16. How
How
HowMedTech
MedTech
MedTech has Evolved
has Evolved
has Evolved
in
in
in Recent
Recent
Recent Years?
Years?
Years?
Medical technology, often referred to as MedTech,
plays a crucial role in revolutionizing healthcare
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
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17. April 2023 | 15 | www.insightssuccess.com
Know-How
18. recovery times. These systems provide increased dexterity,
3D visualization, and real-time feedback to surgeons,
leading to improved outcomes in various specialties such as
urology, gynaecology, and cardiothoracic surgery.
Telemedicine and Remote Monitoring:
The widespread adoption of telemedicine has been
accelerated in recent years, especially during the COVID-
19 pandemic. Telemedicine platforms allow healthcare
professionals to remotely diagnose and treat patients,
reducing the need for in-person visits and improving access
to care, particularly in rural or underserved areas.
Furthermore, remote patient monitoring devices and
wearable sensors enable continuous tracking of vital signs,
medication adherence, and disease progression,
empowering patients to take an active role in managing
their health while providing healthcare providers with
valuable real-time data for timely interventions.
Personalized Medicine and Genomics:
Advancements in genomics and molecular diagnostics have
opened up new frontiers in personalized medicine. Genetic
testing and sequencing technologies have become more
accessible, enabling the identification of genetic markers for
disease predisposition and treatment response prediction.
This information allows healthcare professionals to tailor
treatments to individual patients, improving efficacy and
minimizing adverse effects. Furthermore, the development
of gene therapies and gene editing techniques holds great
promise for addressing previously incurable genetic
diseases.
Internet of Medical Things (IoMT) and Wearable
Devices:
The Internet of Medical Things (IoMT) refers to the
integration of medical devices and sensors with
connectivity and data analytics capabilities. Wearable
devices, such as smartwatches and fitness trackers, have
become increasingly popular, providing real-time
monitoring of vital signs, physical activity, and sleep
patterns. These devices enable individuals to proactively
manage their health, while healthcare providers can
leverage the data to gain insights into patients' overall well-
being and intervene when necessary.
Big Data and Analytics:
The integration of big data analytics in healthcare has
allowed for the analysis of large volumes of medical data,
including electronic health records, clinical trials, and
population health data. By leveraging this data, healthcare
professionals can gain valuable insights into disease
patterns, treatment effectiveness, and population health
trends, leading to more informed decision-making and
improved patient outcomes.
Virtual Reality and Augmented Reality:
Virtual Reality (VR) and Augmented Reality (AR)
technologies are being increasingly utilized in medical
education, surgical planning, and patient rehabilitation. VR
simulations provide realistic training environments for
medical professionals, enabling them to practice procedures
and enhance their skills. AR overlays virtual elements onto
the real world, aiding surgeons in visualizing patient
anatomy during surgeries and guiding precise interventions.
Nanotechnology and Biomedical Engineering:
Nanotechnology has made significant advancements in drug
delivery systems, diagnostic tools, and biomaterials. Nano-
sized particles and structures can be engineered to target
specific areas of the body, improving drug efficacy and
minimizing side effects. Biomedical engineering combines
engineering principles with medical sciences to develop
innovative medical devices, implants, and prosthetics that
restore or enhance bodily functions.
Health Informatics and Interoperability: Health informatics
focuses on the effective use of information technology in
healthcare, including electronic health records, health
information exchanges, and data interoperability. Seamless
data exchange between different healthcare systems and
providers enhances care coordination, reduces medical
errors, and improves patient safety.
The field of MedTech has experienced a remarkable
evolution in recent years, driven by advancements in
artificial intelligence, robotics, telemedicine, genomics, and
wearable devices. These innovations have the potential to
revolutionize healthcare by improving diagnostics,
enhancing surgical procedures, enabling remote care,
personalizing treatments, and empowering individuals to
take control of their health. As technology continues to
progress, the future of MedTech holds even more
transformative possibilities, promising better health
outcomes and improved patient experiences.
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19.
20.
21.
22. The Benefits and Chaenges of
The Benefits and Chaenges of
Using Wearables in Medical
Using Wearables in Medical
Setting
Setting
The Benefits and Chaenges of
Using Wearables in Medical
Setting
Wearable devices, such as smartwatches, fitness
trackers, and biosensors, have gained
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.
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24. Improved Chronic Disease Management
For patients with chronic conditions, wearables offer a
means of tracking and managing their health on a daily
basis. These devices can monitor parameters such as blood
glucose levels for diabetics, activity levels for individuals
with cardiovascular disease, or medication adherence for
patients with chronic illnesses. Wearables provide valuable
insights into disease management and help patients and
healthcare providers make informed decisions about
treatment adjustments or lifestyle modifications.
Enhanced Patient-Physician Communication
Wearables enable seamless sharing of health data between
patients and healthcare providers. This promotes improved
communication and collaboration, as physicians can gain a
deeper understanding of a patient's health outside of the
clinic or hospital setting. Patients can also communicate
symptoms or concerns in real-time, facilitating more
accurate diagnoses and more effective treatment plans.
Data Accuracy and Reliability
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
facilitate the secure and seamless integration of wearable
data into clinical workflows.
User Adoption and Engagement
Wearables can only deliver meaningful benefits if users
adopt them and actively engage with their health data.
Challenges related to user adoption include the cost of
devices, the complexity of data interpretation, and the need
for user education and support. Healthcare providers should
focus on patient education, user-friendly interfaces, and
effective strategies to promote sustained engagement with
wearables.
The use of wearables in the medical setting offers numerous
benefits, including continuous monitoring, personalized
care, and improved patient-physician communication.
However, challenges related to data accuracy, security,
integration, and user adoption must be addressed for
wearables to reach their full potential in healthcare. By
navigating these challenges and leveraging the benefits,
wearables have the potential to transform patient care,
enhance disease management, and empower individuals to
actively participate in their health and well-being.
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