Trend intro Facts about the trend Challenges Opportunities
Open innovation in healthcare relies on
the involvement of physicians, nurses,
pharmacists, patients and other
individual inventors - they define what
services they want to consume as well
as when and where.
In the medical technology community,
open innovation provides diverse
professionals with the best
understanding of a problem,
empowering them to create a solution.
The best innovations are likely to be
Institutions that use open innovation —
Unilever Global, Samsung and Edison
Nation Medical, etc. — call on inventors to
confidentially submit their ideas to teams
of experienced evaluators, legal
professionals and commercialization
experts. These companies have a variety
of means through which an inventive idea
can be commercialized, including startup
accelerators or incubation models.
(Medical Product Outsourcing)
Healthcare companies still tend to rely
on outdated administrative
technologies, which slows innovation
down. Bridging the technology gap
requires significant financial
investment, effort and commitment on
the part of healthcare systems.
Patients living with chronic conditions
are sometimes referred to as “the
most under utilised resource in the
Connect relevant people to co-
create and help the industry innovate.
Platform creation, access to the best
insights from the community and use
of open APIs from startups that
provide services benefiting platform
creators and their customers.