India, February 28, 2019: L&T Technology Services (NSE: LTTS), a leading global pure-play engineering services company, has been recognized as a “Leader” and ranked among the Top Engineering Service Providers for Medical Devices by Everest Group, a consulting and research firm.
“Medical Device is a crucial domain where technological advancements help facilitate quality patient care. Our customers require best-in-class services to ensure high precision and reliability as well as conform to established international norms and standards. We are committed to helping our customers with their requirements of product modernization and innovation through our superior services. Everest Group’s recognition underscores our commitment to be the preferred partners for our customers in their shift from product-centric to patient-centric solutions.” said
Samir Bagga,
Chief Marketing Officer at L&T Technology Services.
Medical Devices is the fastest growing vertical for L&T Technology Services and the company currently counts 7 out of top 10 leading medical device OEMs among its customers. The Everest report cites two success stories in medical engineering that highlight LTTS’ unique capabilities in the domain.
“As medical device companies make dedicated efforts to comply with evolving regulations, drive product costs down, and adopt digital technologies, service providers have the opportunity to showcase differentiated value propositions on the back of their technical expertise and dedicated asset investments across product innovation, compliance, value engineering, and human-centered design,” said
Akshat Vaid,
Vice President, Everest Group.
“Strong domain knowledge, a balanced portfolio across device categories, and dedicated investments in lab infrastructure and assets have helped L&T Technology Services emerge as a Leader in Everest Group’s recently released PEAK Matrix™ Assessment for Medical Device Engineering Services.”
LTTS assisted a leading medical equipment manufacturer by enhancing the reliability of their slide maker strainer equipment and rectified 15 critical issues that decreased its efficiency and increased service cost. For another customer, LTTS developed the world’s first Angioplasty inflation device capable for 40 atmospheric pressure. In this case, the Company’s helped reduce the time-to-market and augmented the sale of the device.
