Democratization Of Healthcare Technologies
- Affordability and accessibility of healthcare is a great concern, as our population worldwide grows and ages
- Products designed for developed healthcare markets miss the mark in serving unmet needs in developing markets
- In our interconnected world with leap frogging technologies—such as accessible internet, wearables, drones, inexpensive sensor technologies—healthcare is being democratized
- Concepts such as Reverse Innovation, Jugaad Innovation and GEMBA impact product design for the underserved market of 5 billion people
- Telemedicine and digital medicine are moving general and even some critical care from centralized hospitals into the hands of the masses as in-home healthcare
- Necessity is the mother of invention; constraints open up creative solutions
- Recognizing these constraints and the potential has given rise to new models of innovation, creating thriving businesses