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Accessing Global Healthcare: The Role of Innovation

Accessing Global Healthcare: The Role of Innovation. The International Economic Forum of the Americas Palm Beach, April 7, 2014 Murray Aitken, Executive Director. TRANSFORMATIVE INNOVATION ACROSS HEALTHCARE. Pharmacotherapy. Remote Monitoring/ Telemedicine. In vitro diagnostics.

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Accessing Global Healthcare: The Role of Innovation

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  1. Accessing Global Healthcare: The Role of Innovation The International Economic Forum of the Americas Palm Beach, April 7, 2014 Murray Aitken, Executive Director

  2. TRANSFORMATIVE INNOVATION ACROSS HEALTHCARE Pharmacotherapy Remote Monitoring/ Telemedicine In vitro diagnostics Surgery IntegratedHealthcare Genomics Predisposition Monitoring Wellness Rehabilitation Diagnosis Therapy Behavioral diagnostics Regenerative/tissue engineering In vivo diagnostics Medical devices Informatics Palm Beach Strategic Forum 040714

  3. GLOBAL LAUNCHES OF NEW MOLECULAR ENTITIES New therapy options: Rheumatoid arthritis Cystic fibrosis Melanoma Breast cancer Ovarian cancer Multiple sclerosis Heart failure Hepatitis C Malaria Many rare diseases Etc. GLOBAL NME LAUNCHES Source: IMS Institute for Healthcare Informatics, October 2013 Palm Beach Strategic Forum 040714

  4. ESTIMATED TOTAL SPENDING ON MEDICINES IN 2014 North America $373 Bn Europe & CIS $253 Bn $1 Trillion Central & Latin America $80 Bn Asia & Oceania $270 Bn Africa $23 Bn Middle East $18 Bn Palm Beach Strategic Forum 040714

  5. ANNUAL AVOIDABLE HEALTHCARE COSTS DUE TO MEDICINES NOT BEING USED RESPONSIBLY Global 2012 $269 Bn Medication nonadherence $62 Bn Delayed evidence-based treatment Total Annual Avoidable Costs: $475 Bn = ~8% THE $54 Bn Antibiotic misuse $42 Bn Medication errors $30 Bn Suboptimal generics use $18 Bn Mismanaged polypharmacy Palm Beach Strategic Forum 040714

  6. PRIORITIES FOR LEVERAGING INNOVATION TO ADVANCE GLOBAL HEALTHCARE Creating or sustaining the eco-system to support innovation Using common language, common metrics to set goals and measure progress Applying rigorous assessment of clinical benefits from innovation Leveraging digitized information Balancing equity and affordability Palm Beach Strategic Forum 040714

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