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Indian healthcare industry is now gearing up to strengthen its capability in cell-gene therapy. The medical experts are now looking to reverse the disease, repair and regenerate diseased cells and tissues.
According to Dr Taslimarif Saiyed, CEO and Director, Centre for Cellular and Molecular Platforms (C-CAMP), every component of healthcare is at the centre-stage and cell therapy is transforming the therapy protocol. India has an opportunity to build an affordable healthcare model going by its qualified pool of medical and scientific expertise.
It is here India will also need to utilise global innovation to cater to the local needs. The country needs to build capacity to accelerate the development of low-cost, scalable, and quick solutions, he added.
At the19th edition of India Innovation Summit CII India INNOVERGE 2023 with the theme as 'Impacting Global Agenda through Local Innovation in Healthcare & Med Tech, a panel of experts noted that cell-gene-based therapy opens even more possibilities, and almost unlimited potential.
India's contribution to affordable healthcare goes much beyond being a pharmacy of the world. It extends its innovation aided by a large talent pool of scientists and engineers. India's research capabilities are now driving a new model of innovation for affordable access. With returns on investment plummeting to unsustainable levels in the West, companies are now rapidly leveraging India's affordable innovation platform through
outsourcing, risk-sharing, and co-development partnerships, they noted.
Affordable innovation presents ways to innovate, be flexible, and do more with less. In fact, it can help a complex and resource-constrained country like India address challenges in healthcare delivery. Such a model can ensure that healthcare is accessible on a sustainable basis. For this, India's capability for innovation needs to be supported through policy support, financing mechanisms, fiscal incentives, human capital and best-in-class infrastructure. We see the need to further strengthen basic and applied science is translated into practical solutions to address unmet healthcare needs, said the experts.
Vishal Bali, executive chairman, Asia Healthcare Holdings said that there are several ways that India can make a notable impact in healthcare. Currently, there is massive surge in investments in Indian healthcare to deliver scientific advancements in research.
Digital innovation with artificial intelligence and ICT (information communication technology), India will be a big provider of solutions to the world. There is a big transformation in the healthcare space with home health services taking centre-stage and which has an all-time high component of technology adoption, he added.
We can see most large IT global majors like Apple and Facebook making significant investments in healthcare. This has seen a fundamentally big technology surge. From an India perspective, the country is an exporter of clinical and paramedical talent. There is an imminent need to converge with
technology capitalising the benefits of virtual and physical education. Also the pharma industry needs to look at the opportunity with implementation of technology to capitalise on innovation, said Bali.
Dr Vijayabaskaran Sundararaju, executive director, Kauvery Hospital noted that with the rise in non-communicable diseases, the use of artificial intelligence can analyse diagnose and monitor to provide smarter health care.
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