Race Among Medical Devices and Doctors: Analysis

For some time now, I’ve been forming a think tank that would focus on issues related to the future of medicine. As a first step, we decided to address the issue of the changing world of medical devices and how such changes might affect the lives of medical professionals and patients. Please feel free to comment on this analysis.

If we take a look at the possible scripts of the market competition in the health sector, we can make few predictions on the patients’ experience. The competition among the medical device manufacturers and the globalized competition among the high skilled health workers have significant social effects.

There are heterogeneous, jammed and loud worlds like in the motion picture Fifth Element, where many types of doctors and devices form the healthcare system. There could be a low-end/high end distinct health market, where the wealthy ones could afford a real-life practice, but the other patients are left alone. If some huge brands will cover the whole market, and provide the whole range of integrated services, they could become omnipotent monopolies, thus a standardized service could be provide wherever we are. And as a script we could have an expensive and closed world, where the insurances and the prevention are the tools against high cost.

Presentation1

 

Patients left alone

• Cheap devices without standardization

• Expensive doctors

• Need for self-healing increases

• Big difference between the online and real-life practice of medicine

• Popularity of alternative medicine grows

 

The internet based world

• Many doctors & devices

• Big problems with interoperability

• Android world

• Cheap doctors & devices

 

Expensive & closed world

• premium systems

• Healthcare costs take a big part of GDPs

• Active insurance market

• Large efforts in prevention

 

Omnipotent brands

• Device manufacturers attract patients

• Doctor is only the user of devices

• Doctors are global, but patients belong to manufacturers