The 10 Most Influential Leaders in Medtech- 2023

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W O R L D , WORLD,

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Spotlighting the Benchmarks of Brilliance

The MedTech industry is dynamic and rapidly

evolving, 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 forwardthinking 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! A bhi s hek J o s hi

Sanjay Kudsinge, Patrick James

Abhishek Joshi

Revati Badkas

Jenny FernandesAnish Miller

Featured Person

Alberto Conde Mellado Industrial Engineer Nutrition Sciences

The 10 Most Influential Leaders in Medtech 2023

Brief Company Name

GlucoVibes glucovibes.com

AKRA TEAM GmbH akrateam.com

CitiusTech citiustech.com

Alberto holds more than 15 years working with data and improving business profitability.

Bassil is supporting Medical Device and In-Vitro Diagnostic Industry to get safe, qualitative and well-performing products in the market.

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.

Jacqueline Anim Sr. Principal Materials Engineer

Keren Leshem CEO

McKinsey mckinsey.com

Björn’s work covers the whole value chain from early discovery strategies through clinical development to commercialization and reimbursement for cancer medicines.

Mr. Westgate has substantial expertise managing the economic, cultural, and governance issues associated with large global corporations. Carestream Health Inc. carestream.com

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

OCON Healthcare oconmed.com

Medical Development Partners meddevpartners.com

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.

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.

Pratap Sarker CEO

Greenway Health greenwayhealth.com

Pratap is an innovative and high energy leader with a successful track record of developing, leading and growing multi-Billiondollar businesses across service offerings and industry segments.

Tina Raine-Bennett CEO

Medicines360 medicines360.org

Tina focuses on expanding research on women's health and translating women's health research into clinical practice within the Obstetrics and Gynecology departments

Bassil Akra CEO

Bhaskar Sambasivan Senior Advisor

Björn Albrecht Partner

David C. Westgate Chairman, President and CEO

Lisa Sasso President & Executive Coach or Executive Career Coach

Co v e r St o r y

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.

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.

with a track record for innovation. This includes advanced, wireless CARESTREAM DR detectors that feature the XFactor, 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 AIpowered 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.

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.

How M e d T e c h MedTech has Evolved i n in R e c e n t Recent Y e a r s ? 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 Xrays 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

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 COVID19 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 wellbeing 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. Nanosized 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.

T h e B e n e f i t s a n d C h a  e n g e s o f

The Benefits and Chaenges of

U s i n g W e a r a b l e s i n M e d i c a l Using

Wearables in Medical S e t t i n g 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.

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 decisionmaking. 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.