When we talk about healthcare, the picture looks very different depending on where you are. Let’s break it down 
 India’s Healthcare Landscape
 India’s Healthcare Landscape
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Strengths: 
  World’s largest supplier of generic medicines (40% of US demand). World’s largest supplier of generic medicines (40% of US demand).
  Affordable treatments medical tourism hub (cardiac surgery in India costs ~1/10th of US price). Affordable treatments medical tourism hub (cardiac surgery in India costs ~1/10th of US price).
  Growing digital health sector – telemedicine & AI startups are on the rise. Growing digital health sector – telemedicine & AI startups are on the rise.
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Challenges: 
  Low doctor to patient ratio (1:1456 vs WHO norm of 1:1000). Low doctor to patient ratio (1:1456 vs WHO norm of 1:1000).
  Heavy dependence on imported medical devices (~70%). Heavy dependence on imported medical devices (~70%).
  Unequal access   urban vs rural gap in hospitals & diagnostics. Unequal access   urban vs rural gap in hospitals & diagnostics.
 Abroad (e.g., USA, UK, Germany)
 Abroad (e.g., USA, UK, Germany)
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Strengths: 
  Advanced infrastructure, cutting edge R&D, and top tier medtech. Advanced infrastructure, cutting edge R&D, and top tier medtech.
  Strong government funding for healthcare research. Strong government funding for healthcare research.
  Better regulations and patient safety protocols. Better regulations and patient safety protocols.
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Challenges: 
  Extremely high healthcare costs (US spends ~17% of GDP on healthcare). Extremely high healthcare costs (US spends ~17% of GDP on healthcare).
  Accessibility issues not everyone can afford treatment, even with insurance. Accessibility issues not everyone can afford treatment, even with insurance.
 Key Takeaway
 Key Takeaway
India offers affordable care and huge market potential, while countries like the US/UK lead in innovation and infrastructure. The future lies in bridging this gap leveraging India’s cost effectiveness with global R&D collaborations to create an accessible and innovative healthcare ecosystem.
Question for you:
Do you think India should focus more on innovation and R&D, or on strengthening accessibility and affordability first?
MBH/PS