Journal of Intellectual Property Rights

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Finding Entrepreneurial Opportunities in India’s Medical Device Sector through Patent Landscape Analysis


Affiliations
1 Centre for Intellectual Property Rights, Andhra University, Visakhapatnam - 530 003, Andhra Pradesh,, India

The present study explores the opportunities for entrepreneurs in the medical device sector in India using a systematic patent landscape analysis. Currently, India imports about 80 percent of its requirement of medical devices. Identifying entrepreneurial opportunities and promotingentrepreneurship is therefore an essential factor for India to become “Atmanirbhar’’ or selfreliantin the medical device sector. There is an urgent need for entrepreneurship and innovation in this field.This study uses, for the first time, the patent landscaping as a tool to explore the potential entrepreneurial opportunities in medical devices. It further delves into themedical device market status in India, patentability and regulatory issues, government initiatives, etc.- giving a snapshot of the promising areasof medical devices for entrepreneurs to venture into.
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  • Finding Entrepreneurial Opportunities in India’s Medical Device Sector through Patent Landscape Analysis

Abstract Views: 180  | 

Authors

Anindya Roy Chowdhury
Centre for Intellectual Property Rights, Andhra University, Visakhapatnam - 530 003, Andhra Pradesh,, India
Purushotham Hanumanthu
Centre for Intellectual Property Rights, Andhra University, Visakhapatnam - 530 003, Andhra Pradesh,, India

Abstract


The present study explores the opportunities for entrepreneurs in the medical device sector in India using a systematic patent landscape analysis. Currently, India imports about 80 percent of its requirement of medical devices. Identifying entrepreneurial opportunities and promotingentrepreneurship is therefore an essential factor for India to become “Atmanirbhar’’ or selfreliantin the medical device sector. There is an urgent need for entrepreneurship and innovation in this field.This study uses, for the first time, the patent landscaping as a tool to explore the potential entrepreneurial opportunities in medical devices. It further delves into themedical device market status in India, patentability and regulatory issues, government initiatives, etc.- giving a snapshot of the promising areasof medical devices for entrepreneurs to venture into.