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ABHI is proposing an ambitious HealthTech strategy to position the UK as a global frontrunner. The plan entails establishing a cutting-edge regulatory framework to drive innovation and ensure patient safety, professionalizing innovation processes within the NHS, and implementing a sustained investment plan to bolster sector expansion. Collaboration with NHS England and other healthcare providers is highlighted to streamline technology integration, improve procurement practices, and amplify support for domestic manufacturing and research. Additionally, there is an emphasis on enhancing digital infrastructure for early diagnosis and patient care, coupled with a strategy to enhance the international presence of UK HealthTech firms. #HealthTech #Innovation

🚀 The Future of UK HealthTech: The ABHI's new manifesto offers a dynamic vision for advancing UK healthcare through technology. Here’s what’s on the agenda: 🔹 Industry at a Glance: With 154,000 employees and a £34bn turnover, HealthTech is pivotal to the UK's life sciences sector. Yet, facing challenges like regulatory uncertainties and slow NHS adoption, it’s time for a strategic overhaul. 🔹 10-Point Plan Highlights: ➡️ Regulatory Excellence: Create a world-class regulatory environment that accelerates innovation and patient safety. ➡️ Innovative Procurement: Reform NHS procurement to foster quick adoption of HealthTech solutions. ➡️ Investment in Infrastructure: Expand physical and digital infrastructure to support advanced manufacturing and data-driven health solutions. ➡️ Global Leadership: Enhance UK HealthTech’s global export potential through targeted support and international collaboration. 🔹 Government Collaboration: To actualise these goals, ABHI recommends appointing a HealthTech Champion to advocate for the industry’s nuanced needs, driving forward both economic growth and healthcare improvements. 🌍 By implementing these transformative strategies, the UK can lead in delivering efficient, patient-centric healthcare globally. 🔗 https://lnkd.in/eP-6NwjH #HealthTech #UKHealthcare #Innovation #DigitalTransformation #NHS Eleanor Charsley Paul Benton Lottie McMahon Michelle Michelucci Richard Devereaux Phillips

Welcome intent from the Med Tech sector with 30% of companies considering UK investment. Three significant concerns highlighted 👇 by ABHI We need to set up some dialogue to explore these issues of excessive regulatory burden that hinders innovation, composition of NHS Net Zero targets which can be a struggle for NHS organisations as much as suppliers (I had conversations with some Trusts on this topic only this week), and impractical demands of some NHS contracts due to the pressures on the health and care system. A key to success will be regulators and commissioners unshackling their frame of reference from existing boundaries, starting from a point of the opportunity not just the immediately possible, and willingness to harness collective intelligence. The opportunity costs for patients, the public and the economy are too great to ignore.

⚕This month's Buyouts special report explores the state of the US healthcare sector and the need for a specialist approach. Inside, Rob Kotecki looks at current trends in the US healthcare sector, regulations, and the role of artificial intelligence. The report also features insightful analysis from Linden Capital Partners and Avista Healthcare Partners on the need for cultivating a specialist approach for investors in order to be successful. #Healthcare #US #PrivateEquity #SpecialistApproach

We've had loads of interest so far in this opportunity to learn about exporting to the Nordics - make sure you sign up in time for the briefing on the 1st March! If you can't make the webinar itself, don't worry! We can still give you the information via a slide pack and you can still sign up to speak to Nordic Proof - just let me know and I'll direct you appropriately! #export #healthtech Nordic Proof

The future of medtech is written in the ink of partnerships and shared visions. With the industry at a crossroads, Boston Consulting Group (BCG) outlines a compelling narrative where collaborative efforts are paramount for breakthroughs in medtech. These partnerships are emerging as critical pathways for firms navigating through financial and operational challenges. Check out these collaborations. #MedTechInnovation #MedTechPartnerships #MedTechProductLaunches

Working together will help the healthtech industry grow.

💡Policy around lifesaving HealthTech must transcend politics 💡 That is why ABHI’s manifesto, “The Plan for HealthTech” lays out a clear and actionable 10-point programme for the UK government, developed through in-depth consultation with stakeholders across the UK’s healthcare system. Our recommendations provide solutions to common challenges for each part of the sector, and sets a course that will allow the UK to harness the power of innovation to revolutionise healthcare - ensuring that every individual receives the quality care they deserve. As we approach and move beyond the upcoming general election, our manifesto serves as a crucial guide for policymakers to sustain and amplify the impact of HealthTech innovations. To find out more about ABHI’s work in shaping the UK HealthTech space into a global leader in innovation, our full manifesto can be found here: https://lnkd.in/ecxnrtx3 #HealthTech #DigitalHealth #Innovation #MedTech #Healthcare

🚀 A bright future for UK HealthTech, but challenges can’t be ignored 🚀 Our latest 2024 Pulse of the Sector report reveals a mixed picture: Whist over 30% of HealthTech companies plan to expand R&D and manufacturing investments in the UK, regulatory uncertainty continues to loom large. Key findings show: 🚫 82% of the sector is impacted by regulatory concerns. 🌍 One in three companies are struggling to meet the NHS Net Zero targets in their current form. 📉 30% of businesses avoided NHS tenders this year due to impractical demands. With immense potential for growth, it is crucial to tackle these challenges head-on. ABHI and CPI continue to advocate for urgent action to remove these barriers, enabling HealthTech companies to thrive in a globally competitive market. Explore our Pulse of the Sector report here 👇 https://lnkd.in/e885dgzs #PulseoftheSector #ukhealthtech

Two interesting reflections: 1.    “…only invest in founders who come from the healthcare world.”: It is not a guarantee of success, but in can help. In any case, many other hurdles and  risks to be overcome, assure a demanding journey. 2.    “It (healthcare) is an industry with meaningful infrastructural and regulatory challenges, and one that is resistant to change - therefore, innovation occurs slowly and in incremental fashion.”: The paradox is, healthcare systems need innovation but they are slow to adopt it. Why?: fragmented landscape, risk aversion, focus on costs and not on value, regulatory barriers, reimbursement policies, clinician not sufficiently involved, HTA not adapted to innovation process… Rationality does not seem to be a main driver of innovation in healthcare systems. #innovation #healthcaresystems #riskaversion #healthoutcomes