Context

Healthcare providers across the world are faced with increasing political and socio-cultural pressures in order to remain sustainable.  They have to deal with a rapidly growing demand; there are more people living longer due to advances in medicine and improved welfare.  Patients have better access to knowledge and expect a higher level of service.  Clinical and administrative processes are more complex with an increased use of advanced technology; clinicians, doctors and nurses, are becoming technology specialists.  Healthcare providers need to focus on prevention of illness and providing care in the community, but they are naturally cautious when it comes to taking risks.  They have developed a culture with a strict hierarchy and leadership styles, which leads to tensions between managers and clinicians and between different functions. 

In order to deal with these complex challenges, healthcare providers need to maximise the efficiency of current structures and developing new systems across primary care and hospitals.  They need to develop and sustain a culture of innovation, in which incremental and breakthrough new products and services are developed and adopted. 

The NHS is the largest provider of healthcare in the world.  Staff is faced with continuous pressure to change and have to deal with the 18-week wait target and related challenges such as: practice-based commissioning; payment by results and the ongoing development of its IT systems.  It is starting to use tools and techniques developed in industry to increase operational efficiencies, but like many other organisations it is not able to use design and innovation effectively. 

Healthcare marketplace

The global medical technology market is worth over £120 billion annually, with the NHS spending at least £5 billion each year. This is a growing marketplace, but it is also notoriously complex and heavily regulated, which makes understanding and entering this sector extremely challenging.

Given our comprehensive experience, covering business development, new product development, Intellectual Property Rights, quality & regulatory affairs, manufacturing and sales & marketing, Innovations Factory can be your intelligent filter. We have a proven track record of success in this marketplace. We therefore can commercialise your concepts successfully. 
 

Please contact us to find out how we can support you to grow in the healthcare marketplace.