Weekly News Round Up
News, Events and Observations about Health Markets in the Developing World
Innovation and Health Markets
This week, the Harvard Business Review disproves the idea that health innovations only travel from the rich to the poor in this blog. Through examples such as prosthetics made from recycled yogurt containers or heart surgery at just 10% of the cost in developed countries, readers can see that sometimes more money doesn’t always mean better innovations. As author Vijay Govindarajan points out, “Constraints need not be limiting, they can actually be liberating.” Check out programs such as the Aravind Eye Care and Narayana Hrudayalaya Hospital who each work hard to provide high quality care at low cost to those who need it the most.
“Philanthropy and entrepreneurship are really one and the same, but people tend to do them differently,” says entrepreneur Naveen Jain. He believes it’s time to fundamentally adjust the way people create innovative philanthropies, focusing on creating scalable, sustainable organizations. Through contests like his Digital Doctor X Prize, Jain hopes to encourage first time innovators to take on new challenges and solve problems that can stump experts.
Microinsurance is a booming industry, expanding rapidly around the world. The growing market has found innovative ways to overcome the various obstacles standing between the poor and insurance coverage. According to the “Microinsurance Compendium, Protecting the poor," recently published by the ILO and the Munich Re Foundation, the newest challenge will be to decrease the vulnerablity these new popuations may face with their insurance.
Hospitals and Care
In China, private healthcare is seeing a new upswing. Overcrowding in the public sector has created a new demand for private centers, which has been met in slow increments since the early 1990s. As more and more private health facilities are created, the market sees more of both Chinese patients and foreign investment in the developing field. Despite limits due to political opposition, there seems to be little else slowing its growth.
Outbreaks of Cholera are reaching new heights as the effects of global warming have created the right conditions for the illness. A generally simply to treat illness, it has been striking in areas where citizens are not familiar or prepared to handle what is easily a deadly sickness when not treated immediately. As this month begins the rainy season, the International Centre for Diarrhoeal Disease Research, Bangladesh (ICCDDR,B) together with AmeriCares has been working to spread the word about various techniques to solve the issue and prevent deaths worldwide.