Mr M R Srinivas Prasad, CEO, Philips Innovation Campus, Bangalore
The symposium was delivered by Mr M R Srinivas Prasad, CEO, Philips Innovation Campus, Bangalore; and Mr J Vijayananda, senior director, analytics healthcare, Philips.
Mr Srinivas held that the Indian healthcare is at an inflection point. "Healthcare is one of the biggest challenges in India, both from infrastructure and population or disease management perspective. It (India) has the potential to lead the rest of the world. 8 percent of our GDP comes from IT, and 10 percent from the automobile sector. The US spends most of its GDP towards healthcare," he revealed.
He believes that technology adoption has always been driven by challenges. "The Indian healthcare industry is poised at this point," he said.
There is an increase in the rise of diseases like cardiovascular diseases (CVDs), diabetes, hypertension, respiratory disorders and obesity in India.
"10 percent of Indian population is going to be afflicted by these diseases. That's about 120 million people," Mr Srinivas opined.