Impact Credit Solutions and Bank Central Asia Partner to Offer Financing to the Indonesian Healthcare Sector
Bank Central Asia (BCA), a leading Indonesian commercial bank, and Impact Credit Solutions (ICS) have partnered to offer affordable financing to the Indonesian healthcare sector during the COVID-19 pandemic.
- South Asia
Finding Opportunity in a Crisis: How Hatch Technologies Started a New Medical Device Venture During a Global Pandemic
In July 2020, the global COVID-19 pandemic was spreading aggressively across Africa. That's the same month Hatch Technologies, a nonprofit supporting newborn medical device distribution and services in sub-Saharan Africa, launched its operations. Dick Oranja, Hatch's executive director, discusses the challenges of starting a new venture during one of the most financially and logistically demanding times the world has experienced – and explores why the pandemic proved to be a surprisingly opportune time to launch.
Press Release: VisionSpring Raises $1.5 Million for India COVID-19 Response and Will Deliver More Than 1,000 Oxygen Concentrators to Expand Care
Social Enterprise Deploys Global Team to Procure Personal Protective Equipment and Oxygen Concentrators in Race to Meet Medical Needs in India
- Asia Pacific
India’s healthcare sector is expected to reach $372 billion in 2022, registering a compounded annual growth rate (CAGR) of around 22% since 2016, more so with the pandemic opening up several opportunities, NITI Aayog said in a report on Tuesday.
Every year hundreds of thousands of dollars of medical equipment is donated to hospitals in emerging markets, only to remain unused due to lack of knowledge, parts or maintenance. According to Vikas Meka, a blockchain-based donation platform could help – but it would be difficult to entice stakeholders to use it. He explores a solution: A token-driven marketplace that could unlock new social and economic value in the medical equipment donation ecosystem.
The Challenges of Going Local: A Medical Device Innovator Faces the Reality of Manufacturing in Rural Africa
Like many enterprises working in emerging markets, Noor Medical wanted to manufacture its product locally. As COO Andrew Bonneau explains, a local approach promised many advantages, from lower costs to a better understanding of its customers. But the company soon learned that manufacturing in developing countries like Uganda is often easier said than done. Bonneau discusses the obstacles the company has faced, and how they've overcome them.
What Needs to Change in the Indian Medical Devices Ecosystem for Innovators, Entrepreneurs and Patients
In India, imported products account for 80% of medical device sales, and most were developed for middle and high-income countries – far from India’s unique challenges of accessibility and affordability. In recent years, thousands of startups and innovators have emerged to build more affordable public health products. But Dhruv Pandey at Social Alpha writes that government and financing challenges will stop these innovators in their tracks unless entrepreneurs can find alternate paths.
EVERY YEAR thousands of people in impoverished countries undergo amputations. However, contrary to popular belief, armed conflicts or landmines are not usually to blame. Rather, the primary cause of most of these amputations is other types of trauma, such as automobile and train accidents.
- Health Care