Schedule a Call Back
Cyient to collaborate with the India2022 coalition to develop solutions in the diagnostic healthcare space
Industry News- Apr 05,18
Cyient, a global provider of engineering, manufacturing, geospatial, networks, and operations management services to global industry leaders, announced a partnership with Xynteo, an international advisory firm.
Cyient, a global provider of engineering, manufacturing, geospatial, networks, and operations management services to global industry leaders, announced a partnership with Xynteo, an international advisory firm. As a partner organisation in India2022, a business-led coalition committed to creating a new model of growth by the 75th year of India's independence, Cyient will lead the Healthcare Impact Track. As part of the track, Cyient will incubate and scale multiple projects aimed at delivering technology-enabled healthcare solutions, primarily focused on the diagnostic space in India.
Diagnostic tests provide the basis for medical decision-making and therefore have a substantial impact on the continuum of care. The early and accurate diagnosis helps reduce the burden of disease on the overall health ecosystem: the patient gets treatment earlier in the disease stage, the healthcare infrastructure is utilised more efficiently, and the overall cost to both patient and system is reduced.
While there is a clear case for timely diagnostics leading to better preventive care, this segment remains grossly under-invested in India. The early disease detection programs account for only 0.1% of the total healthcare spend. A mere 1% of the total healthcare spend is allocated for information, education, and counseling programs. Limited affordability and access to quality medical services further complicate disease management. In numerous cases, despite having access, the adoption of low-cost medical technology has not scaled due to inherent biases among providers and patients.
Recognising the need of the hour, the Healthcare Impact Track is working towards the following objectives:
- Developing high-quality, technology-enabled, and patient-centric healthcare solutions.
- Establishing innovative business models that will help maximise the reach of these solutions through: increased accessibility; increased affordability.
Krishna Bodanapu, Managing Director & Chief Executive Officer, Cyient, said, "It is an honor to be part of the India2022 Coalition. As leader of the Healthcare Impact Track, Cyient's mission is to deliver disruptive medical technology that brings a positive and significant change in diagnostic care, while minimising cost and maximising reach through innovative business models. As such, we are committed to collaborating successfully with creative minds from Xynteo, other coalition partners, and leading healthcare organisations to advance new growth models for India and work towards bringing affordable, yet high-quality and technology-driven healthcare solutions to the Indian market."
Brian Wyatt, Senior Vice President, Medical Technology and Healthcare, Cyient, said, "Improved access to affordable healthcare will transform lives. We believe collaboration among healthcare stakeholders and a cross-pollination of ideas across industries can play a pivotal role in addressing the current challenges faced by the industry. Initiatives like India2022 will help facilitate and nurture these collaborations to overcome barriers to growth."
Subhashini Chandran, Managing Director, Xynteo India, said, "Xynteo is a platform for galvanising leaders and catalysing ideas, and fusing them into new projects for new growth. We are bringing together talent, ideas, and capital to accelerate projects in India. Experts from each of the India2022 Coalition partner organisations work collaboratively with Xynteo teams, to develop projects in their area of focus. We are privileged to have Mr. Krishna Bodanapu and Mr. Brian Wyatt as part of the India2022 Executive Committee."
Cyient
partnership
Xynteo
India2022
Healthcare Impact Track
healthcare solutions
incubations
diagnostic space
Related Stories
Smart Manufacturing
Sony & Siemens to enable immersive engineering with new content creation system
Sony Corporation improved design productivity by 25% with implementation of Siemens’ NX for product engineering and design.
Read moreMachine Tools & Accessories
Clara Smith appointed Vice President Strategy & Transformation, SECO
In her previous role as Group Head of Market Strategy at Hitachi Rail, Clara played a key role in shaping global market and operations strategy, overseeing both organic and inorganic growth initiati..
Read moreMachine Tools & Accessories
Jaykay Enterprises signs a MoU with Philips Machine Tools
Companies signed the Memorandum of Understanding on December 9, 2023. The primary objective of this collaboration is to strategically expand their respective businesses across Pan India and global m..
Read moreRelated Products
Screw Feeder
Engineering, Research and Technology Based Services
Manish Engineering Works offers a wide range of screw feeder.
FMC - Motorum 3048 Tg With Fs2512
Engineering, Research and Technology Based Services
Meiban Engineering Technologies Pvt Ltd offers a wide range of compact & highly productive FMC - Motorum 3048 TG with FS2512. Read more
Based Panels - Plc
Engineering, Research and Technology Based Services
E&A Engineering Solutions offers a wide
range of PLC based panels.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
