Stryker Scores Ortho Coup in India
Walter Eisner • Thu, November 17th, 2016
Stryker Corporation has taken a very big step into India with a November 14, 2016 announcement that the company and Indo UK Institute of Health (IUIH) have partnered up to provide greater access and affordable primary joint replacements and other healthcare services to patient in India.
Stryker announced the 20-year partnership with the institute's Medicity Program to serve as a preferred partner in the areas of hip, knee, and trauma products and services. This may be a coup for Stryker for gaining access to over 1 billion people and a vast market. British-based Smith & Nephew was nowhere to be found for orthopedic collaboration.
National Health Service (NHS) in India
The IUIH is a collaboration announced November 2015 between the Indian and UK governments to ensure closer collaboration and speedy implementation of healthcare projects in India. Kings College Hospital is the strategic clinical partner of the first of 11 proposed institutes throughout India to develop high quality hospitals, nursing schools and medical colleges. When fully implemented, the initiative will amount to a £1 billion investment into India’s healthcare system. This will become one of the world's largest ongoing healthcare projects aimed at adding 11, 000 beds across 11 states in India to serve 400 million people.
In addition to its commitment to provide access to its joint replacement and trauma products and technology, Stryker says its commitment includes the sponsorship of a post-graduate training and education center on the campus of one of IUIH`s medicities and R&D collaboration with Stryker`s longstanding Global Technology Center in India.
Stryker Chairman and CEO Kevin Lobo said he and his colleagues are proud to partner with Indo UK Institute of Health, "to make quality healthcare more accessible and affordable to the people of India, not only through the broad portfolio of products that we offer but also in our commitment to research and medical education."
"The partnership with Stryker is set to redefine the existing paradigms in healthcare industry, " said Ajay Rajan Gupta, M.D., managing director and group CEO, IUIH. "With predictable orthopaedic spend, improved cash flow and optimized use of technology resources, the agreement with Stryker will enhance IUIH`s value in healthcare space in years to come."
Gupta noted last November that this project "is all about bringing the 'best of British’ healthcare to India—‘NHS in India’." He has worked within the NHS as a consultant orthopaedic surgeon for several years and said he has seen first-hand how lucky the UK is to have "such a fantastic service."
"My ambition is to provide access to this fantastic service to as many of my fellow Indians as possible through the 11 Indo-UK Institutes of Health. I thank [India] Prime Ministers Narender Modi and [former British] David Cameron for their support for this innovative healthcare project in India which will benefit both the NHS and India."
And, now it seems, Stryker Corporation.