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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)
“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:
The Challenges
High
Acquisition
cost
Lack of service support
Fragmented
marketplace
Low-quality
products
Poor
Maintenance
culture
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
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
PILOT
Market
Research
Q4 2014 Q1 2015 Q2 2015 Q3 2015
PHASE 1
PHASE 3
PHASE 2
PHASE
Connecting
Stakeholders
Launch Pilot
 Nigeria, Mexico?
Metrics
Feedback
Scale
Refine
Timeline

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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:
  • 3. The Challenges High Acquisition cost Lack of service support Fragmented marketplace Low-quality products Poor Maintenance culture
  • 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
  • 6. PILOT Market Research Q4 2014 Q1 2015 Q2 2015 Q3 2015 PHASE 1 PHASE 3 PHASE 2 PHASE Connecting Stakeholders Launch Pilot  Nigeria, Mexico? Metrics Feedback Scale Refine Timeline

Editor's Notes

  1. Source: Google Images.
  2. 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
  3. 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
  4. 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