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Role of Technology & Innovation in Medical Devices

Role of Technology & Innovation in Medical Devices. ASSOCHAM Summit on Access to Healthcare: Scaling Up Best Practices Feb 21, 2014 Vibhav Garg Head-Health Economics & Govt Affairs Boston Scientific (India). Healthcare Challenge.

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Role of Technology & Innovation in Medical Devices

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  1. Role of Technology & Innovation in Medical Devices ASSOCHAM Summit on Access to Healthcare: Scaling Up Best Practices Feb 21, 2014 Vibhav Garg Head-Health Economics & Govt Affairs Boston Scientific (India)

  2. Healthcare Challenge • India likely to forego $230Bn income in the period 2005-2015 due to heart disease, stroke and diabetes • Shortage of 700,000 physicians in India • 62Mn diabetics in India, only 15Mn diagnosed • Will India get the benefit of demographic dividend? Healthcare burden is huge with serious impact on the economy

  3. 4A Model Systemic thinking across 4 A is critical

  4. Adoption • Gall Bladder Surgery • Open to Laparoscopic technique • Opening of clogged arteries in the heart • CABG to Angioplasty Thousands of workshops/hands on trainings conducted across India with help of experts

  5. Access • Telemedicine • Connecting experts with generalists & patients • Diagnosis & treatment • Public Private Partnership • PE + Govt Hospitals + Medical Technology players Cutting edge infrastructure supported by PPP is the key to Healthcare accessibility

  6. Affordability • Development of low cost devices • Knee implants, Glucometer, Compact ECG machines • EMI schemes for medical devices & procedures • Medical Insurance • A medical emergency can push APL family to become a BPL family Custom medical solutions covered by requisite insurance can make healthcare affordable

  7. Awareness • Newspaper articles on health • Medical journals • GP awareness programs • Professional clubs: Rotary, Lions • Awareness meetings with potential patients • Screening camps Adoption & Awareness go hand in hand

  8. Thank You

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