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Let me start by acknowledging my bias: I am bullish on India! Let us start with the most fundamental premise of an innovator's mindset—every problem is an opportunity!1
While health is a very complex field to innovate—with many variables—there are at least six interconnected domains that determine the variables an innovator must consider while solving a problem:
Disease complexity and variability.
Skill sets of healthcare providers.
Manufacturing and distribution networks.
An innovator in North America, Western Europe, Japan or a developed economy in APAC has a couple of them sorted out: a rather straightforward reimbursement pathway, powered by insurance; a very rigid medical education and licensing guidelines for a single discipline of medical care. This is an advantage—and a threat. An innovation that …
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