The Hindu Business Line : Stryker Corp opens first Asia Pacific R&D centre at Gurgaon

New Delhi March 23 Stryker Corporation, an American medical technology company, has opened its first Global Technology Centre in Asia Pacific, at Gurgaon.

"According to recent estimates, the addressable medical device market for Stryker in India is valued at over $160 million and growing rapidly.

This highlights the significant potential that the market offers to Stryker, which has been in the forefront of creating innovative products in healthcare," said Mr Stephen P. Macmillan, CEO and President, Stryker, in a statement here. The company had invested over $300 million for R&D globally last year

Medical Devices

"India is a key market for Stryker and we are making significant investment in infrastructure, technology and people by way of the Global Technology Centre. We are confident that the centre will play an important role to bring latest and cost-effective medical devices to the world," he added. The centre is to work on developing next generation technologies and high-end products in the area of medical devices.

R&D will be in all nine areas that the company operates, including joint replacement, spine applications, neurological, endoscopic, communications and digital imaging systems. The Centre will also operate as the company's global talent hub, where Indian surgeons and engineers will be trained.

Stryker will also invest in the process of `knowledge transfer', facilitating visits of internationally acclaimed surgeons to India. It is already setting up a mock modern operating theatre at the Gurgaon centre to allow real-time data sharing and interactive visual learning with partners around the world.

The company, which entered India in 2001, is to expand its sales and service operations to over 15 domestic markets by end of the year.

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