Hyderabad: India Medtronic Private Limited, wholly owned subsidiary of Medtronic plc in India, showcased its engineering research and development (R&D) center, called Medtronic Engineering and Innovation Center (MEIC), in Hyderabad recently. The site visit was part of the 5th Health Writer’s Workshop organized by Heal Foundation at Radisson, Hyderabad.
Research and innovation is central to the Medtronic Mission, focused on addressing the universal healthcare needs of improving clinical outcomes, expanding global access to care, and optimizing costs and efficiencies across the healthcare continuum—through three core strategies: therapy innovation, globalization, and economic value.
Medtronic globally invested $2.2 billion in R&D in FY2017 and owns more than 53,000 patents across its therapy areas. In India, Medtronic has a large footprint in engineering research and development, with two centers in Hyderabad and Bangalore, respectively.