NITI AAYOG prepares roadmap for the complete transformation of India’s Healthcare System

A report titled 'Health Systems for a New India: Building of Blocks’ was released by NITI Aayog on
November 18, 2018. It is being advocated by the report that the middle classes who do not fall
under the purview of any public healthcare system are the core interest of the new system to be
introduced. The report boasts the capability of India to be able to save lives of more than million
infants and reduce the death age of adults with the rollout of proposed reforms.

The report highlights to save about 1.5million households from being pushed into poverty from
sudden illness and reduce about 45 percent out-of-pocket expenditure by 2030.

The report highlights the slim percentage of Indian population covered under health insurance which
pose to be a major challenge to overcome in implementation of the reforms.

Novartis collaborates with Biofourmis for patients with heart failure

The global healthcare company, Novartis has collaborated with the global leader in digital
therapeutics, Biofourmis to manage patients with Heart Failure. Biofourmis, founded in Singapore
and based in Boston is sort after for its revolutionary product, BiovitalsHFTM and FDA-cleared
BiovitalsTM Analytics Engine. Novartis joined hands with Biofourmis to benefit from the later’s
product which is integrated with wearable sensors to capture data to be analysed which will help
identify early signs of heart failure and enable Novartis to provide preventive interventions in
patients with heart failure.

Novartis has planned to rollout this product in Southeast Asia initially and gradually take it globally
from there.

India to host BRICS Digital Health Summit

The Prime Minister of India Narendra Modi, at the 11th BRICS Summit held in Brazil announced that
India will Host BRICS Digital Health Summit.

The 11th BRICS Summit happened on 14th November, 2019 under the theme “Economic Growth for
an Innovative Future” and was attended by Narendra Modi. During his address at the summit Modi
announced that India will host BRICS Digital Health Summit on innovative solution to healthy lifestyle
that will seek integration of digital technology with health informatics and diagnostics. This initiative
will reflect Modi’s ‘Fit India’ movement.

The above details were shared to media by TS Tirumurti, Secretary, Economic Relations (Ministry of
External Affairs)

Indian medical travel market estimated to reach Rs 65,000 crore: FICCI-EY Report

FICCI in collaboration with Earnst & Young released a report titled ‘India: Building Best Practices in
Healthcare Services Globally’ which stated that India’s medical value travel(MVT) is expected to
reach US$ 9 billion (around Rs. 65,000 Crore) by 2020.
With a CAGR of 13 percent, the MVT market which is US$ 54 billion is expected to grow consistently
till 2025. The potential of MVT market alarmed many Asian countries to have sophisticated
ecosystems essential to become MVT hubs.

Among 41 major medical tourism destinations, India is viewed as one of the most preferred
destination and secured 5th position.

The report says that affordability and accessibility of quality healthcare services are the key drivers
of MVT growth in India. Medical travellers can save as much as 50 percent owing to the average
daily travelling cost within India.

FICCI Medical Travel Value Awards 2019 were presented during Advantage Health Care India – 2019
Summit at Greater Noida on November 18th. The awards were presented under 15 categories. Apollo
Cancer Institute and Apollo Hospital from Chennai bagged awards in the categories of Medical Value
Travel Specialist Hospital – Oncology & Transplant – Bone Marrow and Cardiology Cardiac Surgery
respectively.