Thursday 28 August 2014

Business Start-Ups Boost Innovative Medical Technology In India


India, signatory of Millennium Development Goals (MDG) has huge commitment towards accomplishment of health care related issues.  Under MDG, three out of eight goals, six out of 21 targets, 18 out of 60 indicators pertain to medical care. Medical technology is the way forward for effective delivery of health services. The burgeoning need for innovation, in particular in medical technology has become indispensable for emerging economies. Frugal innovations promising better clinical outcomes with less invasive procedures and quicker recovery are essential for emerging economies like India. India suffers from the burden of diseases and Harvard School of Public Health estimates that country’s economic losses due to non-communicable diseases like diabetes and heart diseases and stroke between 2012 and 2030 will be $6.2 trillion. This colossal loss to the exchequer is unprecedented.

Innovative solutions in medical technology can improve access to health care, reduce medical errors, provide effective therapies with shorter duration of hospitalisation, monitor therapies to ensure compliance and perform diagnosis early thus effectively bringing down expenses in health care sector. Nearly 730 million living in rural areas still denied of affordable medical care can benefit from these innovative solutions. As per the medical technology innovation score card developed by PWC, for the nine countries- US, UK, Germany, France, Japan, quasi-developed economies Israel, China, India and Brazil. India is ranked 8th in innovation higher than Brazil but lower than China and has highest commercialisation opportunity. This clearly indicates a compelling need for medical technology innovation to meet demands of the local market.

To meet the growing demand for affordable medical services emerging countries must make greater investments in R&D for building the necessary infrastructure for future. They are endowed with human capital needed for multi-disciplinary research and need more support from the investment community. The Medical sector demands in India fall into three categories – Medical equipment constituting 55% of market share, medical implants, 25%  Medical disposables and furniture 20%. The Indian medical technology industry is set to grow form $US billion 2.75 in 2008 to US $14 billion by 2015.

Unfortunately, seeds of self-reliance in the field of medical technology weren’t sown in India post independence. With the result, innovation in medical technology has taken a back seat. In spite of high excise duties, India continues to import nearly 80% of its medical equipment. Although 65% of indigenous products are exported India is unable to supplant the need for medical technology as newer technologies are being launched in advanced countries at a much quicker pace.

A silent medical technology revolution aimed at transforming the quality of medical services and its reach is underway. Currently Indian companies are developing state-of-the-art medical devices that require substantial innovation. Innovative, elegantly designed, affordable devices are adding value to the existing medical systems and making them simpler, cheaper and more accessible to common man. Several mobile apps that can quickly reference the dosages, brand names, and availability in India are the results of the avant-garde work carried out in medical device innovation.

It is heartening that newer tie ups and initiatives in the field of biomedical research is offering a new ray of hope. Portable, scalable, authentic medical devices are making inroads in India. Innovative technologies aimed for Indian markets should take into consideration the encumbrances in Indian scenario. Firstly, the disease profile of India is different. Second, high temperatures together with high humidity and dust laden conditions propel the need for an innovation tailored for Indian conditions. Third, lack of reliable and stable power supply spurs for technology that is Indianized with reliable deliverance for Indian conditions.   Since the penetration of health insurance is very poor all costs are borne out of pocket. Further, frugal innovation and sustained performance under constrained conditions is needed for cost- conscious Indian patients. An Indian start-ups Indio labs, have come up with low-cost, portable liver biopsy device. It is an affordable alternative for the expensive liver biopsies, a gold standard for diagnosing liver diseases. SKL Medtech, earlier, a textile manufacturing company emboldened by rapid growth in Indian health care market ventured into medical technology to develop new devices. It developed an advanced antibiotic wound dressing that can kill microbes and provide good healing environment as well. Sizeable numbers of Indian players are in fray and making leads in the medical technology market.

Indian Health care market presently valued $79 billion is projected to increase to $158.2 billion by 2017. Augured by rapid growth projectile, Government is promoting  investments in medical innovation in the form of Technopreneur Promotion Programme of Department of Scientific and Industrial Research. Besides, two centres for developing medical devices were set up in Chennai and Delhi. IIT Madras in collaboration with Department of Biotechnology jointly developed a Centre, Health Care Technology Innovation Centre (HTIC) at Chennai. Apart from offering help to companies in designing new products it  develops its own products. It developed a cardiac imaging system which measures arterial stiffness, an important diagnostic procedure of cardiovascular diseases non-invasively. Other contributions include a mobile eye surgical unit and a software platform Eye-Pac which can diagnose five major eye diseases. At the centre in Delhi, All India Institute of Medical Sciences (AIIMS) and IIT Delhi work in collaboration Stanford University. Since its existence of four years, it transferred seven technologies. Under the Stanford-India Bio Design Programme (SIB), four persons are funded every year – a doctor, en engineer, a designer and a business man for training programme at Stanford University. Nearly all SIB fellows have started their own business ventures and so far they developed 22 devices. Some of them are very novel ideas and such products don’t exist anywhere in the world.

Realising the growing potential for medical devices in Indian market, major international players have set up their research wings in India. GE’s John F Welch Technology Centre in Bangalore set up in 2002 launched its first portable ECG machine suited for Indian rural setup. Others include Stryker Corporation’s R&D in Gurgaon, Philips Innovation Campus in Bangalore, Johnson & Johnson Centre for Medical Devices at Mumbai.

Success in medical innovation is dependent on five pillars-powerful financial incentives, creating capacity for quality research, supportive regulatory system, demand and supply of health services, supportive investment community. It is reassuring that Indian start-up and small companies backed by multi-disciplinary scientific think-tanks are building up a sturdy research ecosystem. They are eventually delivering sterling innovations in the form of devices which are portable, cheaper and user-friendly ideal for the rural areas. Fledging Indian health care market, having realised the importance of all the needed pre-requisites is striving hard to create an atmosphere for launch of more innovative technologies in future.
 
 
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