Annual India Excellence in Healthcare Awards to Celebrate Best in the Industry

Frost & Sullivan, for the first time, hosted ’2009 India excellence in Healthcare Awards’ on 4th September, 2009, at Intercontinental-The Lalit, Mumbai. The Event attended by the crème de la crème of the healthcare industry spotlighted world-class companies that have performed par excellence and demonstrated best practices. Recognizing the best in class, the event was held to honor the country’s premium players in the healthcare and research industry. The ’2009 India excellence in Healthcare Awards’ recognized 19 companies from the Medical Devices, Healthcare IT, Medical Imaging, Drug Discovery, Biotechnology and Clinical Diagnostics background. These companies have contributed and in the future would drive the growth of the industry through their market leadership, competitive strategies, and innovation. Anand Rangachary, Managing Director, South Asia and Middle East, Frost & Sullivan, said, ‘The healthcare industry has phenomenal importance in the economic growth of any country. The primary focus of all stakeholders, including the Government, private sector across the healthcare value chain should be on increasing the scope and reach of healthcare services into India’s vast hinterland. The ’2009 India excellence in Healthcare Awards’ is an endeavor to honor companies that have proven to be the best in class in furthering this objective.’ On the occasion, Sandeep Sinha, Deputy Director, South Asia, Middle East and North Africa, Healthcare said, ‘Gross under penetration of healthcare services in India will provide a fertile ground for the growth of the healthcare sector. With increase in affordability and awareness, it is an opportune time to be in India and seek the next level of growth by serving the Indian populace. The heterogeneity of the country is giving rise to innovative and flexible solutions. With this in the background, we at Frost & Sullivan feel it is pertinent to recognize companies that have gone beyond with their outstanding leadership and outshined with their innovations and growth.’

A 10-person jury comprising prominent Healthcare Industry experts had come together to examine the dynamics/performance of an extensive range of organizations. Our expert team followed a meticulous measurement-based methodology to select companies in South Asia for each Award category. Post this, the short-listed companies were evaluated based on actual market performance indicators like Revenue growth, Market share in specific category and growth in market share, Breadth of services and solutions, Demonstrated leadership in new services and innovation, Major customer acquisitions, Geographical expansion and partnership, Business and marketing strategies. ‘We are happy to support the ’2009 India excellence in Healthcare Awards’ organized by Frost and Sullivan, one of India’s distinguished Growth Partnership Company,’ said Ashvani Srivastava, Chief Executive Officer, HealthHiway. ‘We are honored to recognize these exemplary companies that contribute towards improvising the global healthcare industry and hope that this will inspire others to develop such innovations in the future.’