Skip to main content

The Formula of Driver and Demand- Indian Startups story

The healthcare industry is currently experiencing change at an unprecedented rate. Change is not only occurring in the technology used in diagnostics and care delivery, but this change is so fundamental that it could, and likely will, fundamentally alter the business model of the industry.

Today we have fitness bands, healthcare apps, appointment schedulers, health chats and several such means to access healthcare but one thing that all of this does not necessarily correlate with high quality of care or better outcomes.

We need to understand that “Not even a Ferrari will get us to our destination without a driver.”

Formula of Driver:

Driver = (Need + Incentive) where;

Incentive = (Value + Reward)
Need = (Gap + Demand)

To define the best drivers, we need to first address the need. Need might not make economic or business sense but it is the best opportunity to leave an impact. No one remembers how much business a “Mughal-e-Azam” or “Usual suspects” did but everyone remembers that these were great movies with splendid performances.

In India, we have several such needs today. A survey conducted by HCG on several pressing issues in the field of health and safety highlighted the following:

1.       Women safety
2.       Elderly concierge services
3.       Child safety
4.       Personalized nutrition
5.       Health Insurance for OPD services
6.       Cancer support/ early detection
7.       Infertility
8.       Fitness (scientifically monitored) and performance


This list is not exhaustive. I don't need to look at statistics to confront the horrid truth. News stories of women from all over India being raped, beaten, killed are flashed across us day after day – and we all are aware of it. The fatal Nirbhaya gang-rape saw an outpouring on the streets of Delhi – protests decrying the fragile status of women in India. Candle light marches, editorials examining the patriarchal and sexist traditions of our country, an awakening on social media – even conversations on streets revolve around the night they cannot forget: the night that took Nirbhaya. We need to do something about women safety. Devices, trackers, processes, helplines- whatever little or more we can do. If you are an innovator in this area, please get in touch with me.

For elderly even small accidents can be deadly. While simple falls, such as slipping while walking off
a curb, may seem relatively harmless, they can actually lead to severe injury and death in elderly individuals, according to a new study published in The Journal of Trauma: Injury, Infection, and Critical Care. As the population continues to age, it is important for physicians and caregivers to be aware of and prepared to deal with this issue, which could significantly impact the overall health and well-being of older adults.  In addition to it, low blood pressure, low blood sugar, heart attack and other things can be very worrisome and need constant monitoring. Innovators call to action here is to come out create and raise awareness about such bracelets, devices and jewelry that can be adorned for a purpose.

Without calorie count possible, limited heart rate tracking and availability of other vitals; performance management and fitness efforts are less effective. Measuring your heart rate using a heart rate monitor is a good way to gauge the effectiveness of your workout because as you strengthen your body through exercise, you also strengthen your heart. Measuring the rate of your heart during exercise can help you determine when you're pushing your body too hard or need to push it harder to achieve the level of fitness you are seeking. 

I love the work Hexoskin and Kenzen are doing. I am looking for something more affordable and focused for Indian market.

Health tech is blazing hot right now and there's no shortage of companies working on innovative products designed to change the face of healthcare as we know it. That's a good thing, considering Indians are as unfit as ever and bureaucracy continues to muck things up for physicians and patients alike. As technology evolves, it could upend some of these problems. One thing that's certain: Consumer-driven healthcare is coming. And these companies are helping make it happen.
All the best!



Labels:

Popular posts from this blog

Innovations that caught my attention recently-#Healthtech

No. 1- Lyme bacteria use the same technique as White Blood Cells to navigate and move in blood vessels In an interesting case of convergent evolution Lyme bacteria use the same technique as White Blood Cells to navigate and move in blood vessels.To zip through the bloodstream and spread infection throughout the body, the bacteria that cause Lyme disease take a cue from the white blood cells trying to attack them. Both use specialized bonds to stick to the cells lining blood vessels and move along at their own pace, biologist Tara Moriarty and colleagues report September 6 in Cell Reports. “It’s really an amazing case of convergent evolution,” says Wendy Thomas, a biologist at the University of Washington in Seattle who wasn’t part of the study. “There’s little structural similarity between the molecules involved in these behaviors, and yet their behavior is the same.” No.2- Wearable Robot for people who lost their hand function This wearable robot helps disabled patients re...
Read more

PDAs in Healthcare -Passe or in Vogue

The PDA is a very small and portable, handheld computer, which has many more functions than a calculator, and the capacity to store information much like a Personal Computer (PC). Basic functionality available on most PDAs includes an address book, schedule, calendar, note pad, and e-mail. The PDA is convenient to use in clinical and field situations for quick data management, and the information can be synchronized with a PC . By means of a wireless network, information can be exchanged anytime from anywhere to and from a PDA, and the network will provide immediate access to all kinds of necessary clinical and administrative data . Health care professionals need access to information several times a day, and the PDA has the potential to provide this. For the PDA, there are numerous documents and medical software applications available, with a wide variation in quality. A large number of medical students take advantage of the PDA for educational purposes and patient care with great sa...
3 comments
Read more

A New Dawn in Healthcare: How AI and LLMs Are Transforming Patient Care – A Story of Hope and Healing

  It was a crisp autumn morning when John, a 45-year-old father of two, first felt the sharp pain in his chest. Like many, he brushed it off as stress or indigestion. But when the pain persisted, his wife, Sarah, insisted he see a doctor. Little did John know that this visit would mark the beginning of a transformative journey—one that would redefine his understanding of healthcare and how technology could seamlessly blend into the patient experience. John’s story is not unique. Millions of patients navigate the labyrinth of healthcare systems every day, often feeling lost, overwhelmed, and underserved. But John’s experience was different. It was a glimpse into a new era of healthcare delivery, powered by Large Language Models (LLMs), generative AI, and advanced analytics—a world where technology works silently in the background, guiding every step of the care process with precision, empathy, and efficiency. The First Encounter: A Seamless Entry into Care When John walked into his ...
Read more