The 10 Most Influential Leaders in Medtech- 2023

Caring CaringYOU. WORLD,

Spotlighting the Benchmarks of Brilliance

TheMedTechindustryisdynamicandrapidly

evolving,requiringleaderswhocanadaptto changeandnavigatechallengeswithresilience. Influentialleaderspossesstheabilitytoembracemodern technologies,pivotstrategieswhenneeded,andpersevere throughsetbacks.Theyareagileandcontinuouslyseek opportunitiesforlearningandgrowth.

MedTechleadershaveadeepunderstandingofmedical technologies,scientificprinciples,andhealthcaresystems. Theypossessexpertiseinareassuchasbiotechnology, medicaldevices,digitalhealth,diagnostics,and pharmaceuticals.Thistechnicalknowledgeallowsthemto driveinnovation,makeinformeddecisions,andguidetheir organizationstowardsdevelopingcutting-edgesolutions.

SuccessfulleadersinMedTechhaveaclearstrategicvision fortheirorganizationsandtheindustryasawhole.They possesstheabilitytoanticipatefuturetrends,identify emergingopportunities,anddefinearoadmapforgrowth andsuccess.Theycantranslatetheirvisionintoactionable strategiesandeffectivelycommunicateittotheirteams, stakeholders,andinvestors.

Inadditiontotechnicalexpertise,influentialleadersin MedTechhaveasolidgraspofbusinessprinciplesand marketdynamics.Theyunderstandthefinancialaspectsof runningasuccessfulMedTechcompany,including fundraising,budgeting,andrevenuegeneration.Theycan identifymarketopportunities,developviablebusiness models,andforgestrategicpartnershipsandcollaborations.

InfluentialleadersinMedTechhaveavisionarymindset. Theycanenvisionthefutureofhealthcareandunderstand thepotentialoftechnologytotransformpatientcare.They haveaclearvisionfortheirorganizationsandtheindustry asawhole,andtheyinspireotherswiththeirforwardthinkingideasandinnovativeapproaches.

LeadersinMedTechrecognizetheimportanceof continuouslearningandpersonalgrowth.Theystay updatedonthelatestadvancements,scientificresearch,and industrytrends.Theyinvestintheirownprofessional developmentandencourageacultureoflearningwithin theirorganizations.Theyareopentoinnovativeideas, feedback,andinnovation,constantlyseekingopportunities toimprovethemselvesandtheirteams.

FeaturingtheenthrallingstoriesoftheleadersinMedTech whoaredrivingeternalbettermentsinthemodern healthcaresector,InsightsSuccess—throughitslatest edition—shedslightonThe10MostInfluentialLeaders inMedTech-2023

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AlbertoCondeMellado IndustrialEngineer NutritionSciences

The10Most

Influential

Leaders in Medtech 2023

Brief CompanyName

GlucoVibes glucovibes.com

AKRATEAMGmbH akrateam.com

CitiusTech citiustech.com

Albertoholdsmorethan15yearsworkingwithdataand improvingbusinessprofitability

BassilissupportingMedicalDeviceandIn-VitroDiagnostic Industrytogetsafe,qualitativeandwell-performingproducts inthemarket.

BhaskarSambasivanhasbeenintheHealthcareandLife Sciencesservicesindustryforabout30yearsandhasserved manyclientsinleadershiproles,establishingstrategic partnershipstohelptransformtheirbusiness.

JacquelineAnim Sr.PrincipalMaterials Engineer

KerenLeshem CEO

McKinsey mckinsey.com

Björn’sworkcoversthewholevaluechainfromearly discoverystrategiesthroughclinicaldevelopmentto commercializationandreimbursementforcancermedicines.

Mr.Westgatehassubstantialexpertisemanagingtheeconomic, cultural,andgovernanceissuesassociatedwithlargeglobal corporations. CarestreamHealthInc. carestream.com

Jacquelinehasover25yearsofmaterialsandprocess technologysolutionsexperienceforplasticapplicationsin automotiveandmedicaltechnologyenvironment. Ethicon(Johnson&Johnson) jnjmedtech.com

OCONHealthcare oconmed.com

MedicalDevelopment Partners meddevpartners.com

PratapSarker CEO

GreenwayHealth greenwayhealth.com

TinaRaine-Bennett CEO

Medicines360 medicines360.org

Kerenisaseasonedexecutivewithover20years’experiencein themedicaldevice&pharmaceuticalindustriesspecializingin themanagementofinnovativestart-ups,strategy, commercialization,BDandfinancing.

Lisaempowersaspiringleadersandexecutivesinthemedical deviceandlifesciencesfieldsonsettingandachievingboth personalandprofessionalgoals,maintainingwork/lifebalance andultimatelyreachingtheirgreatestpotential.

Pratapisaninnovativeandhighenergyleaderwithasuccessful trackrecordofdeveloping,leadingandgrowingmulti-Billiondollarbusinessesacrossserviceofferingsandindustry segments.

Tinafocusesonexpandingresearchonwomen'shealthand translatingwomen'shealthresearchintoclinicalpracticewithin theObstetricsandGynecologydepartments

BassilAkra CEO

BhaskarSambasivan SeniorAdvisor

BjörnAlbrecht Partner

DavidC.Westgate Chairman, PresidentandCEO

LisaSasso President&Executive CoachorExecutive CareerCoach

David C. Westgate, Chairman, President and CEO Carestream Health Inc.

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.

Earlydiagnosishelpssavelives.TheMedTech industryhasbeenmakingstridesindeveloping increasinglyeffectivetoolsandtechniquestoassist healthcarepractitionersinmakingbetterdiagnosesand savinglivesintheprocess.

Oneofthecompanieswhoseproductsaremakinga differenceeverydayisCarestreamHealthInc. CarestreamHealthisaworldwideimagingcompany.It providesdigitalX-rayproductsandX-rayfilmforthe medicalandnon-destructivetestingmarketworldwide.It alsoprovidestechnicalandservicesupport,including remoteequipmentandsoftwaremanagementservices.In addition,thecompanyownsover1,000patentsindigital imaging,film,andimagingchemistry

DavidC.Westgate,Chairman,PresidentandCEOof CarestreamHealthisaleaderwithaverydiverseportfolio havingexperienceacrossseveralindustriesandhavingheld avarietyofrolesinabusinessvertical.Heisago-getter executivewhodoesn’twaitforopportunitiestofallintohis lapbutinsteadfocusesonremainingaheadofthe technologicaltrendsandindustrycurves.

Inanexclusiveinterviewwith Insights Success,David shareshisinsightstoservinghealthcareprovidersglobally insupportofCarestream’smissiontodiagnoseandtreat patientsmoreefficiently

Below are the highlights of the interview:

Brieflydescribeyourprofessionaljourneyupuntilnow.

Ihavebeenfortunateinthatmyprofessionalcareerhas allowedmetoworkinmanyindustriesandavarietyof roles.IenteredtheworkforceatRockwellfocusingon engineering,operations,andquality,leadingtothefirst25 yearsofmycareerintheautomotiveindustrywhere customerfocusandexecutionweretheimperatives.

Thisallowedmetothenprogressintodiversifiedindustries andIhavebeenabletoapplythoseexperiencestobenefit myroleinthehealthcareindustry.Ihavehadthe opportunitytobeanexecutiveleaderasCEOofglobal businessesforthelast25years.

Whatchallengesdidyoufacealongtheway?

I’vehadtheopportunitytobeinbusinesseswith tremendousgrowthandalsobusinessesthatrequire restructuringofcosts.Bothhavetheirownsetof

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.

challenges;thekeyistobecompletelytransparentwiththe organizationtoalignwiththedirectionrequired.Ilearned howtoleadorganizationsinaverynimblewaytoadaptto marketrealitiesandadjustinreal-time.

Whatsignificantimpacthaveyoubroughttothe MedTechindustry?

Carestreamispassionatelycommittedtodelivering solutionsthathelpourcustomersinmedicalimagingdo theirworkmoreefficiently,improveclinicaloutcomes,and lowerthecostsofhealthcare.Byapplyingourinsightsand experience,wedevelopIdeasThatClearlyWork.

Carestreamisoneofthetopglobalprovidersofdigital radiography(DR)andcomputedradiography(CR)systems

withatrackrecordforinnovation.Thisincludesadvanced, wirelessCARESTREAMDRdetectorsthatfeaturetheXFactor,makingthemcompatibleandshareableacrossall ourDRXequipment;ourDRX-RevolutionMobileSystem thatintroducedtheindustry’sfirstcollapsiblecolumn;our state-of-the-art,glass-freeLux35Detector;andourAIpoweredsoftwareplatform.

Whatmethodologiesdoyouimplementthatcontribute tonewgrowthopportunities?

Wedon’twaitforopportunitiestoappear.Weworkhardto stayaheadoftechnologyinnovationwithourresearchand development,likeleveragingartificialintelligenceto elevateourimagingsolutions.Weseekoutmutually beneficialrelationshipswithdealerstodeliverourproducts tomarketswecouldn’treachcost-effectively Wetailorour productstothemarketsinrecognitionthatdifferentmarkets areatdistinctstageswithuniqueneeds.

TellusaboutCarestreamHealthInc.anditsfoundation pillar.

Carestreamisaleadingsupplierofsolutionsfordigital medicalimaging.Wedevelopsolutionsthathelpour customersinthreefundamentalandcriticalareas: enhancingtheuserandpatientexperience;improving clinicaloutcomes;andreducingtheoverallcostsof healthcare.

CarestreamHealthisadynamicglobalcompanywithover 100yearsofleadershipinimagingsystemsandservices. Ourfocusonhelpingourhealthcarecustomersimprove patientcarehasresultedinmanyinnovationsandearned morethan1,000patentsworldwide.Ourindustryfirsts 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.

Ÿ InitialpatentforCRimagingplates

Ÿ FirstDRdetector

Ÿ FirstmobileDRsystemwithacollapsiblecolumn

Ÿ Firstdigitaldentaldetector

Ÿ Aglass-freeDRdetector

WhatchangewouldyouliketobringtotheMedTech industryifgivenachance?

Assistinghealthcareprovidersintheefficientdiagnosing andtreatmentoftheirpatientsisimportanttoCarestream andourmission.Insupportofthat,anychangeswecan maketoimproveimagequalityatalowercostwouldbea significantimprovementtotheindustry

WhatwillbethenextsignificantchangeintheMedTech industry,andhowareyoupreparingforit?

ArtificialIntelligence(AI)isshapingthefutureof healthcareonseveralfronts.Specifictomedicalimaging, weareapplyingAIintwocriticalareasthathavethe potentialtobenefitpatientsandhealthcareproviders.The firstisimprovingimagequalitytohelpimproveclinical outcomes.OurAIimageprocesssoftwareincreasesthe diagnosticqualityofmedicalimagessothatradiologists havetheinformationtheyneedtomakeaconfident diagnosis.

Thesecondareaisimprovingtheprocessofimagecapture. Thathasseveralimportantbenefits.Forone,mistakescan bemadeintheimagecaptureprocessforseveralreasons, includingincorrectpositioningofthepatientand/orthe system.Weapplyautomationandintelligencetotheimage captureprocesstohelpstaffgetthebestpossibleimagethe firsttime–sothatpatientsdon’tneedtoundergo unnecessaryexposureforretakes.

Anotherbenefitofautomationisthatithelpsreducethe heavyworkloadoftheradiologydepartment.Andlastly, automationmakestheprocessmoreefficient.Thisgets diagnosticimagesintothehandsofradiologistsand physiciansasquicklyaspossiblesothattheycanbegina courseoftreatmentfortheirpatients.

Overall,weareleveragingAItoenhanceclinicaloutcomes, reduceoverallcostsforourcustomers,andmakeimaging equipmenteasiertouse–andtheapplicationsofAIin medicalimagingwillcontinuetoevolve.

Whatareyourgoalsintheupcomingfuture?

Carestream’sgoalistocontinuedeliveringhigh-quality productsandservicesthroughinnovationandengaged employeesdrivingoperationalefficiency Withtheglobal economystillfeelingtheeffectsofthepandemic,weare committedtoremainingaviableorganizationwithaneye towardpossibilities.

Whatadvicewouldyouliketogivethenextgeneration ofaspiringbusinessleaders?

Regardlessofindustry,themostimportantaspectofany businessishavingin-depthknowledgeofyourcustomer, themarkets,andyourownbusiness.Understandyour competitiveadvantageanddeliverasolutionthatimproves thelivesofyourcustomersandtheirpatients. Understandingyourfinancesandhavingastrongfinancial partnerarealsokeytobeingsuccessful.

Achievingsuccessalsorequiresmultipleleadershiptraits. Youneedtohaveacustomer-firstmentality,bothinternally andexternally Actingquicklywithdata-drivendecisionsis essentialtorespondingtothedynamicneedsofyour customersandthemarket.Andaboveall,doingtheright thingstherightwayiscriticaltoestablishingareputationof quality,care,andintegrity

How MedTech has Evolved in Recent Years?

Medicaltechnology,oftenreferredtoasMedTech, playsacrucialroleinrevolutionizinghealthcare byimprovingpatientoutcomes,enhancing diagnostics,andstreamliningmedicalprocedures.Inrecent years,rapidadvancementsintechnologyhavepavedthe wayforsignificantdevelopmentsinthefieldofMedTech. Fromartificialintelligence(AI)androboticsto telemedicineandwearabledevices,thelandscapeof healthcarehasbeentransformed,offeringnewpossibilities fordiagnosis,treatment,andpatientcare.Thisarticle explorestheremarkableevolutionofMedTechinrecent yearsandhighlightssomeoftheground-breaking innovationsthatareshapingthefutureofhealthcare.

ArtificialIntelligenceandMachineLearning:

Oneofthemostprominentareasofadvancementin MedTechistheintegrationofartificialintelligenceand machinelearningalgorithms.AI-poweredtechnologies havetheabilitytoprocessvastamountsofdata,identify patterns,andmakepredictions,therebyenhancing diagnosticaccuracyandtreatmentplanning.Machine learningalgorithmscananalyzemedicalimages,suchasXraysandMRIs,toassistradiologistsindetecting abnormalitiesandprovidingmoreprecisediagnoses. Additionally,AI-drivenchatbotsandvirtualassistantsare beingusedtoprovidepersonalizedpatientsupportandoffer immediatemedicaladvice.

RoboticsandSurgicalInnovations:

Roboticsystemshavemadesignificantstridesinsurgical procedures,allowingformorepreciseandminimally invasiveinterventions.Robotic-assistedsurgeryenables surgeonstoperformcomplexprocedureswithenhanced precision,reducedinvasiveness,andimprovedpatient

recoverytimes.Thesesystemsprovideincreaseddexterity, 3Dvisualization,andreal-timefeedbacktosurgeons, leadingtoimprovedoutcomesinvariousspecialtiessuchas urology,gynaecology,andcardiothoracicsurgery

TelemedicineandRemoteMonitoring:

Thewidespreadadoptionoftelemedicinehasbeen acceleratedinrecentyears,especiallyduringtheCOVID19pandemic.Telemedicineplatformsallowhealthcare professionalstoremotelydiagnoseandtreatpatients, reducingtheneedforin-personvisitsandimprovingaccess tocare,particularlyinruralorunderservedareas. Furthermore,remotepatientmonitoringdevicesand wearablesensorsenablecontinuoustrackingofvitalsigns, medicationadherence,anddiseaseprogression, empoweringpatientstotakeanactiveroleinmanaging theirhealthwhileprovidinghealthcareproviderswith valuablereal-timedatafortimelyinterventions.

PersonalizedMedicineandGenomics:

Advancementsingenomicsandmoleculardiagnosticshave openedupnewfrontiersinpersonalizedmedicine.Genetic testingandsequencingtechnologieshavebecomemore accessible,enablingtheidentificationofgeneticmarkersfor diseasepredispositionandtreatmentresponseprediction. Thisinformationallowshealthcareprofessionalstotailor treatmentstoindividualpatients,improvingefficacyand minimizingadverseeffects.Furthermore,thedevelopment ofgenetherapiesandgeneeditingtechniquesholdsgreat promiseforaddressingpreviouslyincurablegenetic diseases.

InternetofMedicalThings(IoMT)andWearable Devices:

TheInternetofMedicalThings(IoMT)referstothe integrationofmedicaldevicesandsensorswith connectivityanddataanalyticscapabilities.Wearable devices,suchassmartwatchesandfitnesstrackers,have becomeincreasinglypopular,providingreal-time monitoringofvitalsigns,physicalactivity,andsleep patterns.Thesedevicesenableindividualstoproactively managetheirhealth,whilehealthcareproviderscan leveragethedatatogaininsightsintopatients'overallwellbeingandintervenewhennecessary

BigDataandAnalytics:

Theintegrationofbigdataanalyticsinhealthcarehas

allowedfortheanalysisoflargevolumesofmedicaldata, includingelectronichealthrecords,clinicaltrials,and populationhealthdata.Byleveragingthisdata,healthcare professionalscangainvaluableinsightsintodisease patterns,treatmenteffectiveness,andpopulationhealth trends,leadingtomoreinformeddecision-makingand improvedpatientoutcomes.

VirtualRealityandAugmentedReality:

VirtualReality(VR)andAugmentedReality(AR) technologiesarebeingincreasinglyutilizedinmedical education,surgicalplanning,andpatientrehabilitation.VR simulationsproviderealistictrainingenvironmentsfor medicalprofessionals,enablingthemtopracticeprocedures andenhancetheirskills.ARoverlaysvirtualelementsonto therealworld,aidingsurgeonsinvisualizingpatient anatomyduringsurgeriesandguidingpreciseinterventions.

NanotechnologyandBiomedicalEngineering:

Nanotechnologyhasmadesignificantadvancementsindrug deliverysystems,diagnostictools,andbiomaterials.Nanosizedparticlesandstructurescanbeengineeredtotarget specificareasofthebody,improvingdrugefficacyand minimizingsideeffects.Biomedicalengineeringcombines engineeringprincipleswithmedicalsciencestodevelop innovativemedicaldevices,implants,andprostheticsthat restoreorenhancebodilyfunctions.

HealthInformaticsandInteroperability:Healthinformatics focusesontheeffectiveuseofinformationtechnologyin healthcare,includingelectronichealthrecords,health informationexchanges,anddatainteroperability.Seamless dataexchangebetweendifferenthealthcaresystemsand providersenhancescarecoordination,reducesmedical errors,andimprovespatientsafety

ThefieldofMedTechhasexperiencedaremarkable evolutioninrecentyears,drivenbyadvancementsin artificialintelligence,robotics,telemedicine,genomics,and wearabledevices.Theseinnovationshavethepotentialto revolutionizehealthcarebyimprovingdiagnostics, enhancingsurgicalprocedures,enablingremotecare, personalizingtreatments,andempoweringindividualsto takecontroloftheirhealth.Astechnologycontinuesto progress,thefutureofMedTechholdsevenmore transformativepossibilities,promisingbetterhealth outcomesandimprovedpatientexperiences.

The Benefits and Chaenges of Using Wearables in Medical Setting

Wearabledevices,suchassmartwatches,fitness trackers,andbiosensors,havegained significantpopularityinrecentyears.These devices,originallydesignedforpersonalhealthandfitness monitoring,arenowbeingincreasinglyadoptedinmedical settings.Wearablesofferthepotentialtorevolutionize healthcarebyprovidingcontinuous,real-timedata monitoringandempoweringpatientstotakeanactiverole inmanagingtheirhealth.Thisarticleexploresthebenefits andchallengesassociatedwiththeuseofwearablesinthe medicalsetting.

BenefitsofWearablesintheMedicalSetting

ContinuousMonitoringandEarlyDetection

Wearablesenablecontinuousmonitoringofvitalsigns, includingheartrate,bloodpressure,respiratoryrate,and sleeppatterns.Thiscontinuousdatacollectionallowsfor earlydetectionofabnormalitiesorchangesinapatient's healthstatus,enablingtimelyinterventionsandproactive healthcaremanagement.

PersonalizedandRemotePatientCare

Bycollectingandanalyzingdatainreal-time,wearables facilitatepersonalizedpatientcare.Healthcareproviders canremotelymonitorpatients'healthmetrics,assess treatmenteffectiveness,andmakeinformeddecisionsabout medicationadjustmentsorinterventions.Wearablesalso promotepatientengagementandself-care,asindividuals haveaccesstotheirownhealthdataandcanactively participateintheirtreatmentplans.

ImprovedChronicDiseaseManagement

Forpatientswithchronicconditions,wearablesoffera meansoftrackingandmanagingtheirhealthonadaily basis.Thesedevicescanmonitorparameterssuchasblood glucoselevelsfordiabetics,activitylevelsforindividuals withcardiovasculardisease,ormedicationadherencefor patientswithchronicillnesses.Wearablesprovidevaluable insightsintodiseasemanagementandhelppatientsand healthcareprovidersmakeinformeddecisionsabout treatmentadjustmentsorlifestylemodifications.

EnhancedPatient-PhysicianCommunication

Wearablesenableseamlesssharingofhealthdatabetween patientsandhealthcareproviders.Thispromotesimproved communicationandcollaboration,asphysicianscangaina deeperunderstandingofapatient'shealthoutsideofthe clinicorhospitalsetting.Patientscanalsocommunicate symptomsorconcernsinreal-time,facilitatingmore accuratediagnosesandmoreeffectivetreatmentplans.

DataAccuracyandReliability

Ensuringtheaccuracyandreliabilityofwearable-generated dataiscrucialforitsintegrationintomedicaldecisionmaking.Theprecisionofsensors,calibration,and variabilitybetweendevicescanimpactthequalityand validityofthedatacollected.Healthcareprofessionalsneed tocriticallyevaluatetheaccuracyandclinicalrelevanceof wearable-generateddatabeforemakingclinicaldecisions.

DataSecurityandPrivacy

Wearabledevicescollectsensitivepersonalhealth information,makingdatasecurityandprivacyparamount. Healthdatatransmittedfromwearablestohealthcare systemsmustbeprotectedfromunauthorizedaccess, breaches,ormisuse.Healthcareorganizationsneedrobust securitymeasures,includingencryption,authentication protocols,andadherencetodataprivacyregulations,to safeguardpatientinformation.

IntegrationwithHealthcareSystems

Integratingwearabledatawithexistinghealthcaresystems andelectronichealthrecords(EHRs)canbechallenging. Interoperabilityissues,differentdataformats,andtheneed forseamlessdataexchangecanposeobstaclestoeffective integration.Healthcareprovidersmustworktowards establishingstandardizedprotocolsandsystemsthat

facilitatethesecureandseamlessintegrationofwearable dataintoclinicalworkflows.

UserAdoptionandEngagement

Wearablescanonlydelivermeaningfulbenefitsifusers adoptthemandactivelyengagewiththeirhealthdata. Challengesrelatedtouseradoptionincludethecostof devices,thecomplexityofdatainterpretation,andtheneed forusereducationandsupport.Healthcareprovidersshould focusonpatienteducation,user-friendlyinterfaces,and effectivestrategiestopromotesustainedengagementwith wearables.

Theuseofwearablesinthemedicalsettingoffersnumerous benefits,includingcontinuousmonitoring,personalized care,andimprovedpatient-physiciancommunication. However,challengesrelatedtodataaccuracy,security, integration,anduseradoptionmustbeaddressedfor wearablestoreachtheirfullpotentialinhealthcare.By navigatingthesechallengesandleveragingthebenefits, wearableshavethepotentialtotransformpatientcare, enhancediseasemanagement,andempowerindividualsto activelyparticipateintheirhealthandwell-being.