Updated on 1 August 2016
Zenobia Walji, Vice President, Southeast Asia, Medtronic
What are the expansion plans of Medtronic in Southeast Asia for next couple of years?
Like many parts of the world, healthcare in Southeast Asia, faces many challenges. The developed portions of Southeast Asia have an aging population with rising costs in a tight economy. The emerging portions of Southeast Asia face a higher demand for healthcare, but with inadequate infrastructure and clinical capability to serve the needs of the population. This places a heavy toll on patients and their families, as infrastructure development will take time to catch up with demand. At Medtronic, we recognize the constraints of the developed and emerging markets and are committed to improving patient outcomes, optimizing costs and expanding access to care to counter these growing demands.
With Singapore as our regional hub, we are well placed to play a central role in solving these issues. Our scale and breadth of resources now enhanced by the acquisition of Covidien, enables us to stretch further and reinforce our dedication to help lead a transformation in healthcare, not only across this region but throughout the world.
We believe that there are unlimited opportunities to transform healthcare in Southeast Asia. A key driver of our strategy focuses on instituting new ways of working and collaborating with like-minded partners. These approaches will help Medtronic to strengthen health systems and improve delivery of innovative treatments and therapies across the region.
For example, we recently signed two MOU's, one with National Neuroscience Institute to establish a Center of Excellence for deep brain stimulation to advance treatment for patients with Parkinson's Disease, and another with SingHealth to set up a Center of Excellence in diabetes treatment and management in Southeast Asia. Through these efforts, we are educating physicians and patients about advanced life-enhancing technologies and therapies, while also working to make them more accessible in the region.