Updated on 15 November 2016
Vladimir Makatsaria, Chairman, APACMed at Asia Pacific MedTech Forum
Asia Pacific has huge potential to drive smart healthcare market but the region has its own challenges, remarked Dr. Axel Baur, Senior Partner, Mckinsey, Tokyo at the recently held Asia Pacific MedTech Forum organized by Asia Pacific Medical Technology Association (APACMed) in Singapore. Dr. Baur stated that most companies are empowered to drive smart healthcare in Asia pacific region, however, they are often faced with the challenges of skill development, talent acquisition and strategic capabilities.
Asia Pacific MedTech Forum is a gathering of medical technology professionals, government leaders, regulatory experts, healthcare practitioners and researchers in Asia Pacific that took place in Singapore with an objective to foster partnership and share insights in healthcare industry. Hosted by APACMed, the two-day conference brought industry leaders of medical technology sector to share thoughts and vision on enhancing regulatory ecosystem and public-private partnership.
Highlighting on the importance of collaboration between industry and government, Dr. Baur mentioned that healthcare services in Asia Pacific region can achieve great milestones if there is an organized and focused partnership between government organizations and the industry. For instance, he cited, the way Korea has become one of the leading destination for biologic drugs and regenerative therapy is that there has been a solid partnership between the government, regulatory body and the industry. Korea has been successful in achieving a defined regulatory structure that facilitates transparent reviewing of biologics drugs. "Korean companies's focus on biologics and its partnership with the government has helped the country to develop an advance regulatory infrastructure for biologics and regenerative medicine. This is an example of how partnership can develop a country's profile in a certain area."
In a panel discussion focused on enhancing delivery of healthcare system through technology, Dr Rana Dasgupta, Chief Operating Officer, Apollo Hospitals Group, India highlighted that there is a rising need of integrating technology to deliver better healthcare solutions because the demand of healthcare has increased driven by factors like awareness for preventative health, rising income, insurance, private capital and chronic diseases. He added that given the rise in demand for fast and cost effective healthcare solutions it is the time to shift from traditional delivery to smart healthcare ecosystems that integrates electronic healthcare delivery model, telemedicine and telecare. "The new healthcare model can bring down cost and time to manage huge population if it provides instant consultation, round the clock assistance, diagnosis and medicine at the door step," he said.
As Asia Pacific MedTech Forum entered into second year, APACMed is looking at engaging stakeholders on a larger scale that brings solution to the challenges that the industry is currently facing.