Frugal Medical Devices Innovations in Emerging Economies Democratizing Healthcare

Frugal Medical Devices Innovations in Emerging Economies Democratizing Healthcare

  • June 2020 •
  • 55 pages •
  • Report ID: 5932068 •
  • Format: PDF
According to the World Health Organization, at least half of the world’s population do not have access to essential health services due to the high healthcare costs.Frugal medical device innovations can improve the healthcare accessibility and quality of care to the people, especially those at lower socio-economic status.

This research service (RS) explains the role of frugal medical device innovations in democratizing healthcare by increasing the availability, accessibility, and quality of care at low cost. The research details the value propositions of the frugal medical devices to the patients, healthcare system, hospitals, clinics, and medical professionals.

The opportunities and challenges of frugal innovations are also explored in detail. The RS also covers some of the revolutionary frugal innovations in various segments of medical devices.

It also presents the various growth opportunities for the frugally innovating local and global companies. The report also provides strategic recommendations to the local and global firms to capitalize the opportunities and build a sustainable market in these countries. In addition to the above, this research service also offers insights on the intellectual property landscape and the key patents in the last five years.