IP in the healthcare sector
Many private medical services operating in India rest on an ample supply industry critical to the functioning of many of our hospitals and medical practices. These medical device companies are responsible for developing technologies that aim to help people live longer and healthier lives and improve the efficiency and effectiveness of healthcare.
Developing new medical devices requires significant investment, and strict regulations can create market barriers. But there are also immense possibilities. The global market for medical devices is valued at over USD 400 billion and is expected to grow with increasing demand for advanced medical treatments. Intellectual property protection should therefore play an essential role in protecting your investment and securing your potential returns.
Our expertise
Our team members have invaluable experience working in the healthcare field. We operate for one of the world’s largest surgical and wound care product manufacturers and have extensive experience with many of India’s leading OTC pharmaceutical brands. We have advised on patents for tissue implants, antibody therapies, surgical instruments, test strips and medical imaging, among many other medical devices and technologies.
In addition, we regularly advise on global patent and trademark strategies in the healthcare sector. We have regularly been called upon to report counterfeiting and parallel importing issues that can have severe implications beyond intellectual property. We also have extensive experience in the enforcement of intellectual property in the healthcare industry
We also understand that special care must be taken in the healthcare industry to develop specialized, regulatory-approved products. While competition will always exist, there is a fundamental obligation to deliver quality goods and avoid confusion in the marketplace.