Economic Times Quotes, “GLOBALLY, healthcare is threatened by a confluence of powerful trends – increasing demand, rising costs, uneven quality, misaligned incentives. If ignored, they will overwhelm health systems, creating massive financial burdens for individual countries and devastating health problems for the individuals who live in them.”
These excerpts from PricewaterhouseCoopers report, HealthCast 2020: Creating a Sustainable Future provides a true picture of the state of the global healthcare industry. In essence, the report states that healthcare is a global issue and requires healthcare organisations and policymakers to seek urgent solutions outside their own borders.
With the support of the IT industry, the medical device industry can focus on continuous product improvement, delivering more features and more innovation — all while meeting increasingly stringent product quality norms. By outsourcing specific portions of the product development process, medical companies can now focus on building programs to reach out and provide its products to a larger set of customers and enhance customer relationships. This association will thus provide a new positive dimension to the challenges affecting the industry. Indian IT companies have made a great beginning. Realising the high propensity of certain cardiovascular ailments that need attention, Indian IT companies have taken upon the challenge of developing critical technology. For one, companies are now building technology for non-invasive assessment of cardiac diseases. Read More.
For long India has been suffering from having multiple policies which are futile – It’s just like knowing the price of everything and the value of nothing. Leaving aside few multinational chain of private hospitals, India has no healthcare, so to speak.
Looking at India’s economy which is growing rapidly, with is its middle class, and consequently, decision-makers place India now as a superior destination for investments because of its sustainable economy. We are talking about cutting-edge technology and services at one end of the scale, when there are clearly parts of the country where healthcare is extremely poor or non-existent. The move for global integration of the healthcare market will not be driven by the needs of the developing world, but by the compulsions of the developed world – costs and response time will be huge value-drivers. In healthcare- apart from innovation and technological prowess- scalability will be an important parameter determining the competitive advantage between nations, and qualified manpower availability will impact all three areas.
These excerpts from PricewaterhouseCoopers report, HealthCast 2020: Creating a Sustainable Future provides a true picture of the state of the global healthcare industry. In essence, the report states that healthcare is a global issue and requires healthcare organisations and policymakers to seek urgent solutions outside their own borders.
With the support of the IT industry, the medical device industry can focus on continuous product improvement, delivering more features and more innovation — all while meeting increasingly stringent product quality norms. By outsourcing specific portions of the product development process, medical companies can now focus on building programs to reach out and provide its products to a larger set of customers and enhance customer relationships. This association will thus provide a new positive dimension to the challenges affecting the industry. Indian IT companies have made a great beginning. Realising the high propensity of certain cardiovascular ailments that need attention, Indian IT companies have taken upon the challenge of developing critical technology. For one, companies are now building technology for non-invasive assessment of cardiac diseases. Read More.
For long India has been suffering from having multiple policies which are futile – It’s just like knowing the price of everything and the value of nothing. Leaving aside few multinational chain of private hospitals, India has no healthcare, so to speak.
Looking at India’s economy which is growing rapidly, with is its middle class, and consequently, decision-makers place India now as a superior destination for investments because of its sustainable economy. We are talking about cutting-edge technology and services at one end of the scale, when there are clearly parts of the country where healthcare is extremely poor or non-existent. The move for global integration of the healthcare market will not be driven by the needs of the developing world, but by the compulsions of the developed world – costs and response time will be huge value-drivers. In healthcare- apart from innovation and technological prowess- scalability will be an important parameter determining the competitive advantage between nations, and qualified manpower availability will impact all three areas.
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