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A Paradigm Shift in Healthcare: Changing Business Models and the Impact of Technology, global healthcare

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This presentation discusses global healthcare's emerging trends and, its impact on technology.

This presentation discusses global healthcare's emerging trends and, its impact on technology.

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  • 1. A Paradigm Shift in Healthcare: Changing Business Models and the Impact of Technology Presented By: Reenita Das Senior Vice President, Healthcare Frost & Sullivan 1
  • 2. A Changing Landscape 2
  • 3. Setting the Context Global Emerging Trends and Impact on Technology Healthcare Conclusion © 2008 Frost & Sullivan, All rights reserved www.frost.com
  • 4. Paradigm Shift in Healthcare Medicine of the past Medicine of the future Healthcare industry for the next decade © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com 4
  • 5. Interlocking Crises that Make Healthcare Ever Changing Healthcare is challenged by three interlocking The Size of the Problem – Quality crises that make present healthcare systems unsustainable: Rising Costs 15% of patients admitted to hospital suffer an adverse event. Changing Demographics Quality of Care 8% of adverse events result in death. 6% of adverse events result in permanent disability. 10-20% of all adverse events is caused Cost by medication errors. 10-15% of hospital admissions occur because providers do not have access to previous care records. Demographics Quality 20% of laboratory tests are requested because the results of previous investigations are not accessible. © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 6. Economic Perspective: Healthcare Spending Set to Double Public Per Capita Spending – India : $ 12, Vietnam : $ 42 By 2050 Healthcare spending will double, claiming 20 – 30% of GDP © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 7. Technology is The Central Solution Driver Technology is The Central Solution Driver Accelerating Change Accelerating Change Addressing demographics PATIENT/ Virtual patient monitoring tools/ home CONSUMER monitoring Patient education programs fostering preventative mindset Telemedicine Addressing rising Addressing quality costs Technology…….Enables it Reduction of errors Early diagnosis and targeted Large volume, low cost treatment manufacturing Economics………………Require it Eliminate unaccountable (e.g basic medicines/ variations in practice across the vaccines) country/region Contract manufacturing Demographics………….Demand it Biopharmaceuticals MANUFACTURER PROVIDER © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 8. Setting the Context Global Emerging Trends/ Impact on Technology Healthcare Conclusion © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 9. Changes in the Global Pharmaceutical Environment Require Pharmaceutical and Diagram Biotech Companies to Adapt to Changing Business Models Pre 2005 2015 Blockbuster Model Preventative Healthcare & Wellness Astounding growth in the vaccines industry 2015 Opportunities in Marketing of Value Added Services Opportunities in the Global the Global Pharma Market Niche Drugs and R&D Genomics and proteomics expected to Pharma Market reduce R&D times ‘In life testing’ will take over the current 2020 clinical trial process. Continuous data monitoring can be done by the regulators Integration & Supply Chain during the testing process. Clinical trials will eventually become shorter 2020 Supply chain functions will evolve to a revenue Integrated packages of products and services generating model. Products and services will be marketed through the supply chain Patient monitoring & compliance Just in time manufacturing, novel delivery Pharma and medical devices providing methods and direct to consumer distribution will sophisticated and efficacious solutions be adapted from other industries like the Integration of pharma, diagnostics, medical automotive industry devices, patient monitoring and healthcare IT Automated dispensing of drugs Smart cards / internet to store patients details © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 10. Cancer Treatment Represents the Highest Potential High Revenues Cardiovascular Established CNS Treatments Projected Unmet Needs Cancer Revenues In 2012 Gastroenterology Respiratory Multiple Low Revenues Sclerosis Diabetes Low High Growth Rate (2007-2012) © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 11. Increasing Focus on Biologics in the Future Cancer Related Drugs Constitute Half of the Current Biotech Pipeline. Phase III: 5-10 years to launch Cancer Pipeline 2007 – Split by Phase III & I Monoclonal Antibodies constitute half of the Phase III biotech pipeline. 2007 More Monoclonal Antibodies are likely to reach the market in the next 5-10 years. Phase I: 10-15 years to launch Cancer vaccines are an emerging technology that are likely to create the next wave of growth in the biotechnology industry because of better safety profiles and minimal side effects Other: Includes genetic disorders, skin disorders, eye conditions, growth disorders, transplantation © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 12. More Info Gene Therapy will Drive the Market in the Longer Term. Technologies such as Diagram Pervasive computing are Important in Improving the Drug Discovery Process. Smart Tags 2005 2010 2015 2020 Petaflop Predictive & Grid biosimulation computing Future Defining diseases more Technology accurately and creating Gene therapy uses genes to treat or Trends healthcare packages for prevent disease. In the future, this Advanced technique will allow doctors to treat a Pervasive patients with specific disease computing storage subtypes. Resulting in disorder by inserting a gene into a solutions Premium Drugs and the launch patient’s cells instead of using drugs or of health care kiosks offering surgery Web-scale one-stop-shop services mining Genomics / Gene Therapy Proteomics A disease led approach creates a new discovery Cellomics and development model. Technology will improve Biologics: Targeted the process e.g. making in-life testing more cost efficient. This brings significant changes for Treatment Solutions, Opportunities pharma companies in terms of time, development Integrated Solutions costs and success rates to man. Semi Block Busters, Patent Expiration Strategies Growth Rate © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 13. Upcoming medical device technology platforms Upcoming Technologies in Medical Devices Top-10 Medical device based platforms 2005 2010 2015 2020 for the next decade Infection control devices/Wound care Home/Self therapy devices Preventive as well as personal care devices New innovations in In and Home/Self therapy Total disc replacement Vitro Diagnostics like devices will have a very Mircoarrays and Lab-On- high growth rate and A-Chip have brought a opportunities in entire Robotic devices revolution in the field spectrum of the market. diagnostics. Opportunities Advanced In Vitro Diagnostics Virtual reality Intelligent/Automated Tissue generated devices, Robotic devices and site- devices for surgery Intelligent/Automated devices specific drug delivery and diagnosis will devices are being reshape the modern developed for more face of the healthcare Electrical stimulation sophisticated sector healthcare delivery Site specific drug delivery Tissue generation devices Growth Rate © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 14. Clinical IT Systems and Electronic Medical Records Represent the Highest Potential in the Future High Revenues Patient management systems Clinical IT solutions Mature market EMR Image management systems Growing market Projected Revenues In 2012 Resource management Emerging Declining market market EHR / PHR Financial management Clinical decision support systems Low Revenues Low Growth Rate (2007-2012) High © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 15. Emerging Technologies in Information Communication and Technology Rapidly Changing Patient Care Scenario Pre 2005 • Adoption of clinical systems • Efficient medication management • Emphasis on administrative systems and automation • Management of chronic diseases and mental health • Availability of patient information for mapping 2015 disease patterns to be used in the R&D of drugs Opportunities in the Opportunities in the • Adoption of clinical systems and treatment techniques/technologies India HIT Market India HIT Market • Patient self-management • Patient ability to self–manage disease • Emphasis on home healthcare services • Remote consultation and monitoring 2020 • Self-testing, early treatment, and the management of medication • Greater application of bioinformatics in healthcare- • Fully integrated healthcare delivery related research • Emphasis on home healthcare services to improve hospital efficiencies and save patient costs 2020 • Private hospital groups and public hospitals integrated to deliver • Active use of biometrics as healthcare becomes more patient- patient-centric healthcare services with better outreach centric • Patient expectations of safety • Optimal efficiency in healthcare delivery using IT, as number of • Safe data sharing and safe care patients and costs rise • Patient data security • Need for cost and quality transparencies will drive the use of IT in • Patient-centric healthcare delivery healthcare services • Patient portals and mobile technologies of patient monitoring • Integrated patient records and management • Improved medical tourism © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com 15
  • 16. Setting the Context Global Emerging Trends and Impact on Technology Healthcare Conclusion © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 17. Technology Opportunities Asia Healthcare Spend by Area, 2009-2020 • Major opportunities within diagnostics and monitoring • Products and services will not be standalone but will be “packaged” to target specific diseases. • Example : predict avian flu, diagnose, treat, monitor © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com
  • 18. In Nutshell A modern healthcare system is on the horizon, experiencing a paradigm shift From... ...To Fragmented Patient Flow Integrated & Automated Invasive Diagnosis & Less Invasive, Preventative, Treatment Image Based Provider Centric Focus Patient Centric Centralized – Hospital Monitor De-Centralized–Shift to Community One Size Fits All Approach Personalized Medicine Therapeutics/Diagnostics/ “Theranostics” Devices Tools Treating Sickness Objective Preventing Sickness – “Wellness” © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com 18
  • 19. Reenita Das Senior Vice President Frost and Sullivan rdas@frost.com © 2008 Frost & Sullivan, All rights reserved www.frost.com ©2009 www.frost.com 19