Last Friday Massachusetts General Hospital's
Center for Global Health had its first annual symposium. It was an incredible turnout - at least 300 or so were in attendance. Lots of good thoughts as I try and wrap up my
research paper, but one in particular:
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(photo courtesy of MedShare - if you live in Atlanta and don't know about MedShare, you need to volunteer) |
I posed a question to
Kris Olson, who is a pediatrician and doctor of internal medicine at Mass Gen, and also the Director of the
Global Health Initiative for CIMIT, about public-private partnerships and how we make innovation for the developing world a sustainable venture for the developed world. He didn't have an answer (no one does, and even now,
only a few people are trying to figure that out), but he did bring up some interesting statistics and the need for healthcare innovation:
~ 40% of needles used to vaccinate children in developing countries have been used in another child before
95% of medical equipment (what we call "durable medical equipment", or DME) in resource-limited areas is donated equipment
90% of those devices fail in the first five years
Dr. Larson, while acknowledging the need for innovation in the space, made a great point: "
A need does not necessarily equal a market." Not sure if we can find a way around that, or create a market, or develop a nontraditional market, but answering that question and monetizing that market goes a long way to improving global health in all regions of the world.
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