Navin Kumasingh: A New Age Leaders Striving to Facilitate Quality Medical Experience | CEOInsights Magazine
  • Navin Kumarsingh, Managing Director, Nareena Life Science

    Navin Kumarsingh, Managing Director, Nareena Life Science

  • Today, Indian Healthcare industry is on a high growth trajectory and is evolving significantly, especially since the last decade. However, healthcare provision still remains inequitable and challenges in access to quality, affordable healthcare persist in large parts of the country. While the healthcare and medical device sectors have grown significantly over the past decade, with the ongoing spread of the COVID-19 pandemic, there has been a significant impact on the medical equipment manufacturers. Despite the ongoing crisis, this opens new avenues of exploration. Prior to the development of medical devices and procedures, the use of these tools was extremely confined to medical facilities that treated many patients at once. However, with the COVID-19 protocols in place, medical devices have become common not just in major hospitals, but also in small medical institutions. More and more people are choosing home healthcare, also resulting in an increase in demand for medical devices that can be used at home.

  • Navin Kumasingh: A  New Age Leaders Striving to Facilitate Quality Medical Experience
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 Top 10 Leaders in Medical Devices Manufacturing - 2021

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  • Top 10 Leaders in Medical Devices Manufacturing - 2021

    The Indian medical devices market is expected to grow as $50 billion industry by 2025, which sets the stage for huge growth of medical device industry. India is among the top 20 global medical devices market. With growing demography and increasing life expectancy, better healthcare facilities and medical devices will have a greater demand in future. So, in order to meet the medical needs of the second largest populated country in the world, the Indian government has eased FDI policies and allowed 100 percentage FDI in the medical sector. Also, initiatives like ‘Make in India' and ‘Atmanirbhar Bharat' acted as a launch pad for large scale investment in local manufacturing sector, along with attracting foreign investment and increasing the number of MNCs setting-up their base in India. There is a trend of increasing demand from overseas patients making India a hub for medical tourism due to the affordable prices at which these services are available when compared to the international peers. Numerous steps, laws, testing and certification have been implemented in India to keep in par with the quality and steady demand of the medical devices.

    In addition to these, reduced cost of labour, a high level of technical expertise, and funding from governments for R&D investment to accelerate new product development have made India most favoured destinations for outsourcing manufacturing services. Considerable increase in the lifestyle diseases and income & living standards of people, along with the increasing health consciousness among people, will result in an increased need for doctors, hospitals, and hence medical devices to meet the demand.

    In this issue, the CEO Insights magazine introduces a list of ‘Top 10 Leaders in Medical Devices Manufacturing­2021', a list of individuals who have helped in the transformation and growth of medical sector of the country. The list has been crafted by a team of industry veterans, CEOs, VCs and the CEO Insights editorial team, thus delivering inspiring stories of their journey and the contributions & roles played by them in the creation and empowerment of a strong and powerful nation.

Top 10 Leaders in Medical Devices Manufacturing - 2021

Company Logo Company Management Company Name Company Description
Chesa Dental Care Services Dr. Anju Lilaramani,COO Chesa Dental Care Services An exemplary professional who strives to ensure not to compromise on the quality of her company's offerings
Aurolab Dr. P. Balakrishnan,Managing Director Emeritus Aurolab A prominent leader in manufacturing of high quality ophthalmic products and contributing to Aurolab's development into a 500+ member strong, self sustaining, non-profit social enterprise
Hearing Wellness Clinic Kamaljeet Singh,Managing Director Hearing Wellness Clinic Contributes in the development of quality products and services in the hearing care domain with skills in business development, strategic planning and marketing
Axio Biosolutions Leo Mavely,Founder & CEO Axio Biosolutions A bioengineer envisioned for creating affordable and impactful healthcare solutions with focus on hemostasis and advanced wound care
Hi Tech Medics Mohammad Usman,Managing Director Hi Tech Medics Holding a master's degree in Industrial & Systems Engineering from IIT Kharagpur, Mohammad developed an interest in entrepreneurship at a young age and always had a knack for manufacturing
Nareena Lifesciences Navin Kumar Singh, Managing Director Nareena Lifesciences Navin is skilled in management, market development and product development with impeccable experience in solving client problems and providing solutions according to clients' requisite
MedPrime Technologies Samrat,Founder MedPrime Technologies With skills in Medical Devices, Product designing, Image Processing, and Biomedical Engineering, Samrat has six patent applications for inventions of medical equipment and assistive devices
Comofi Medtech Dr. Satish Kalme,Co-Founder & CEO Comofi Medtech Leading product development with his 10+ years experience in diagnostics and medical product development
Unicorn DenMart Shammi Gumbhirm, MD Unicorn DenMart An expert leader and innovator in dentistry, medical devices and aesthetics, with 25+ years of experience in dental care
Chesa Dental Care Services Dr. Vijay Lilaramani,CEO Chesa Dental Care Services A pioneering professional that strives for consistent improvement through constant innovation

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