Medical Innovation in a World of Rapidly Changing Markets

Dr. Seema Kumbhat, Medical Director, Medical Devices, Hospira, and Emerging Leader, The Chicago Council on Global Affairs

The market for medical technology is driven by both political and demographic trends. As global markets continue to open and expand and as developing countries continue to see rapid growth of their middle class and aging populations, there is potential for massive market growth in the medical devices sector. How will these new markets impact innovation and cost? What other factors of globalization will impact the industry? What are the ethical and regulatory issues that face this area of medicine? What role can the medical technology industry play for growth of the American economy?

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