A Paradigm Shift in Healthcare: Changing Business Models and the Impact of Technology Presented By:  Reenita Das  Senior V...
A Changing Landscape
Global Healthcare Conclusion Emerging Trends and Impact on Technology Setting the Context
Paradigm Shift in Healthcare  Healthcare industry for the next decade Medicine of the past  Medicine of the future
<ul><li>Healthcare is challenged by three interlocking crises that make present healthcare systems unsustainable: </li></u...
Economic Perspective: Healthcare  Spending Set to Double By 2050 Healthcare spending will double, claiming 20 – 30% of GDP...
MANUFACTURER PROVIDER PATIENT/ CONSUMER Technology  is  The  Central Solution Driver Accelerating  Change  <ul><li>Address...
Global Healthcare Conclusion Emerging Trends/ Impact on Technology Setting the Context
Diagram Changes in the Global Pharmaceutical Environment Require  Pharmaceutical and Biotech Companies to Adapt to Changin...
Cancer Treatment Represents the Highest Potential Projected Revenues In 2012 High Revenues Low Revenues Growth Rate (2007-...
Cancer Pipeline 2007 – Split by Phase III & I  Increasing Focus on Biologics in the Future  Cancer Related Drugs Constitut...
Diagram Gene Therapy will Drive the Market in the Longer Term. Technologies such as Pervasive computing are Important in I...
New innovations in In Vitro Diagnostics like Mircoarrays and Lab-On-A-Chip have brought a revolution in the field diagnost...
Clinical IT Systems and Electronic Medical Records Represent the Highest Potential in the Future Projected Revenues In 201...
<ul><li>Fully integrated healthcare delivery  </li></ul><ul><li>Emphasis on administrative systems and automation  </li></...
Global Healthcare Conclusion Emerging Trends and Impact on Technology Setting the Context
Technology Opportunities Asia Healthcare Spend by Area, 2009-2020 <ul><li>Major opportunities within diagnostics and monit...
A modern healthcare system is on the horizon, experiencing a paradigm shift  In Nutshell Fragmented Patient Flow Integrate...
Reenita Das Senior Vice President Frost and Sullivan [email_address]
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Bio Taiwan 2009 Final Presentation Reenita Das

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Bio Taiwan 2009 Final Presentation Reenita Das

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

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