The document outlines a proposal for Medical Devices as a Service (MDaaS) led by a core team to address challenges of access to quality medical devices in developing countries. The proposed business model is a strategic leasing model where hospitals pay a monthly fee for medical devices and MDaaS provides logistics of installation, maintenance, repair and training. The document highlights Nigeria as a potential pilot market given its large imported medical device market and need, with plans to launch a pilot in Q4 2014 to collect feedback and refine the model before scaling.
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Welcome to MDaaS
1. MEDICAL DEVICES
AS A SERVICE (MDaaS)
CORE TEAM:
Oluwasoga Oni -MIT SDM
Joe Mccord -MIT SCM
‘Tayo Bamiduro -MIT MBA
Mohamed Kane –MIT
CONSULTANTS:
Sidd Goyal
Dr. J.K Oni
Dr. J.K Oni (Jnr)
2. “Imagine a world where people in developing countries have
access to quality medical devices as you do.”
Make high quality
medical devices
Available
Accessible
Affordable
Our Mission:
4. Business Model: Strategic Leasing Model
Leasing/ Sales
Maintenance/ Repair
Training
Feedback
Monthly Fee
Medical Device Needs
Increased market share
Market Info
Product feedback
Training & Support
Medical Devices
Financing
MDaaS
• Hospitals pay monthly fee
• MDaaS orchestrates logistics: Install, Maintenance, Repair and Overhaul
5. AN URGENT NEED
1:3,800,000
CT SCAN/POP
ONDO STATE, NIGERIA
5%
ANNUAL
GROWTH IN
AFRICAN MD
MARKET
NIGERIA
PILOT
CT Scan, X-Ray, Respirators, Anesthesia
machines, Ultrasound, Incubators, ECG
Machine, Orthopedic devices, Monitors
$210M
$3.2B
AFRICA
IMPORTED
MEDICAL DEVICE
MARKET IN 2010
WHY WE CARE
CURRENT NIGERIAN MARKET
Some hospitals already indicated interest in the pilot
23636
NIGERIAN HEALTHCARE CENTERS
Design Strategic Leasing Model
Orchestrate Logistics
Maintenance
Repair
Overhaul
Transportation
Picture: http://www.dailymail.co.uk/health/article-2737877/What-FACE-reveals-heart-health-Tiny-changes-skin-colour-indicate-heart-rhythm-problems.html
Mission: Enable this to happen through strategic licencing models and expert logistics
MDaaS aims to provide a no frill, lower cost access to medical devices to hospitals in developing countries.
MDaaS will lease quality medical equipments to the hospitals for a monthly fee.
MDaaS will handle maintenance, repair and overhaul of the medical equipments
High cost of acquisitions
Lack of service support
Fragmented marketplace
Substandard/Antiquated products
No feedback to OEM from African Medical device markets.
Picture: https://www.google.com/search?q=challenges&rlz=1C1CHMO_enUS571US571&espv=2&biw=1366&bih=643&source=lnms&tbm=isch&sa=X&ei=NYs5VPTsN7DnsAS-54HYCQ&ved=0CAcQ_AUoAg#facrc=_&imgdii=_&imgrc=Ei2wpSxQ1mBZuM%253A%3BpFPGnRLgmyPqDM%3Bhttp%253A%252F%252Fwww.businessreviewusa.com%252Fpublic%252Fuploads%252Flarge%252Flarge_article_im4008_Financial_challenges_facing_SMEs_in_2014.jpg%3Bhttp%253A%252F%252Fwww.businessreviewusa.com%252Ffinance%252F4008%252FFinancial-challenges-facing-small-businesses-in-2014%3B610%3B335
Source: Mckinsey Reports
Nigeria Bureau of Statistics
Growing medical device markets in developing countries
Growing economy
A real need in developing countries
Current dominant business model is broken