Smart Healthcare: A new model of healthcare for India

Posted by Global technology interface on November 07, 2022


According to a recent report released by the Indian government, the doctor-patient ratio is 1:1445, which is lower than the WHO's recommended ratio. With a population of over 1.3 billion people and only 2.4 percent of the world's land area, India is the world's most populous country.  In recent times we all have witnessed the rising cases during infectious COVID-19 waves, alarming positivity rates and extended lockdowns have made many health services inaccessible. In these trying times, healthcare digitization has been a welcome relief. Prime Minister of India announced the National Digital Health Mission, which includes health ID, personal health records, Digi Doctor, and a health facility registration, as well as other vital elements. Furthermore, in contrast to the previous fiscal year, the Finance Minister increased healthcare spending by nearly 137% in the Union Budget, indicating a shift.

The future of healthcare will be digital in the near future. According to recent trends, digitizing healthcare is a critical enabler for developing precision medicine, which is altering care delivery, enhancing patient experience, and allowing healthcare providers to enhance value through better outcomes.

People are more comfortable with technology than they have ever been. The pandemic has altered traditional lifestyles, and the trend appears to be continuing, with people preferring to have healthcare services delivered to their homes. Virtual access, telemedicine, and secure knowledge exchange will help patients and care teams form stronger ties. The pandemic has prompted the introduction of telemedicine around the world, including in India. A transition in culture to a digital mindset, along with new technology, will allow for the development of learning health systems that improve over time.

In healthcare, putting doctors and patients together in real time is a game-changer. Using real-time engagement (RTE), medical consultation apps that allow patients and doctors to engage via text, voice, and video chat are significantly easing the load on existing infrastructure. The Covid-19 pandemic has thrown our healthcare system into disarray and posed a threat to customers' sense of well-being. The transition from hospital-based services to telemedicine and virtual care has had a tremendous impact on the industry.

Some of the notable Indian Start-ups undertaking path-breaking work in the SMART Healthcare sector are enumerated below;

  1. Remmed VR

Remmed VR is a telemedical platform for diagnostics and rehabilitation services in eyecare and neurology.

2. Enrich Bioscience

Enrich Bioscience, a Canadian company has developed a Test for early cancer detection using a simple blood test.

3. Invitreo Health Tech

Invitreo specializes in commercializing research in Nano & Regenerative Medicine with a focus on Diabetes Therapeutics. We identify the feasibility of the research in terms of its implications in healthcare and work towards materializing it into commercially viable technology. The company was founded in 2018 and has a local presence in Denmark and India. Invitreo has partnered with Steno Diabetes Center Copenhagen to commercialize a Cell Therapy for Type 1 Diabetes, also known as a Bioartificial Pancreas.

4. Smile Health Care Technologies

Smile healthcare technologies is an Indian startup company. The mission of the company is to develop cost-effective, portable, and safe healthcare devices. Currently, the company received incubation support from AMTZ.

However, a lack of appropriate data governance policies continues to stymie the wider adoption of cutting-edge technologies. Health spending by the Centre and States accounts for around 1.5 percent of India's GDP, or about Rs 3 per person every day. It falls far short of the 2.5 percent target set forth in the 2017 National Health Policy. The health infrastructure has deteriorated, medical staff is in insufficient supply, R&D spending is only 0.65 percent of GDP, and so on. The pandemic has demonstrated the importance of rethinking the country's healthcare plans, and AI-enabled digitization can be the torchbearer.

If you are a technology company in this sector, you can register on the technology platform Global Technology Interface® (GTI ®) as a tech displayer to showcase and deploy your technologies to promote the circular economy and browse through the existing opportunities and technologies to explore collaborations. Given the huge opportunity in this sector, the platform can support you with accessing new markets and leveraging opportunities in this sector.

The Global Technology Interface® (GTI ®) is an online platform for companies, entrepreneurs, MSMEs, start-ups, and R&D institutions to showcase innovative technologies and facilitate collaborations in technology, science, research, and business on a global platform in a sustained manner. GTI® functions as a global marketplace where biotech, clean-tech, and ICT entities can identify partners, investors, and customers across geographic boundaries. GTI helps to display, discover, develop and deploy technology in a global market.

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