GLASGOW, UK AND MSIDA, MALTA - Acceptance is the first step toward change, and the world of healthtech needs change if it is to continue fostering innovation and enabling accelerated growth in startups looking to improve health.
Dylan and Ryan, both medical doctors, have been in the healthcare sector for many years and have both experienced the pains plaguing healthcare providers.
Demand for healthcare is burgeoning, with an inevitable rise in the complexity of diseases being treated. The global population is not only growing, but it is also getting older and not enough doctors, nurses, and other healthcare professionals are being trained. To the contrary, many healthcare professionals have opted to leave the profession during the pandemic. When we first ventured into the healthtech industry, however, we immediately understood that it had the potential to return to a balance in our favor. Health startups are rising to the challenge, and many are addressing various aspects of the healthcare cogwheel to make it turn as smoothly as possible.
Yet it is difficult for startups to gain trust in an industry prone to inherent caution and resistance to change.
This is exactly what we are trying to tackle through our philosophy and with the Med-Tech World Summit. Healthcare needs startups just as much as any other sector to continue to move forward, change with the times and provide safer, more efficient services. Though one must acknowledge that the stakes are higher and that device/software safety and rigor must be prioritized perhaps even more than in any other industry, this does not mean healthcare should slam the door on disruptive innovation just because institutions are too set in their ways.
One solution is to give startups the global stage so they have more opportunities for publicity, to showcase their producThe content herein is subject to copyright by The Yuan. All rights reserved. The content of the services is owned or licensed to The Yuan. Such content from The Yuan may be shared and reprinted but must clearly identify The Yuan as its original source. Content from a third-party copyright holder identified in the copyright notice contained in such third party’s content appearing in The Yuan must likewise be clearly labeled as such.