Given the safety-critical nature of medical devices, regulatory compliance is one of the biggest roadblocks for medical device manufacturers in bringing their products in a faster timeframe.

The main areas where medical device manufacturers face a problem are:
  • Lack of specialized expertise in regulatory compliance (especially in case of startups)
  • Shortage of resource bandwidth to dedicate for full-time regulatory compliance activities

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Jyotirmay Datta, Global Head Medical Devices, Wipro Technologies, talks about the key trends in the life sciences and the medical devices industry impacting the CFO organisations - elaborating on their impact on the healthcare ecosystem and, the opportunities for technology, to address some of the challenges that are an outcome of the change.