MedTech I.Q.

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A message to all members of MedTechIQ

Colleagues,

Key points: Future Delivery of Medicine: 2020, University College of London, 5 November 2008

1. TECHNOLOGY & PROCESSES

Convergence - Of disparate technologies in biopharmaceuticals, medical devices, diagnostic equipment, bioinformatics, medical imaging & other fields.

Genomics - By 2020 every patient will have genome sequenced, driving improvements in diagnosis & treatments, paving the way to personalised medicine

Prevention & Early detection - of disease with biomarkers & other diagnostic devices.

Patient Self-monitoring -In parallel, less invasive treatments

Clinical Studies – Hospital data & outcomes for every patient will be captured & analysed

2. MONEY

Finance – Funding needed for basic research, seed funding for start-ups, venture finance for commercialisation.

Value – Advanced treatments may be expensive – but they will lead to cost savings elsewhere.

Venture Capitalists - and other investors – Must embrace & help drive the vision.

3. PEOPLE

Technology Transfer – Must be real links between universities & industry & patients.

Personalised Medicine - Put patients at the centre, let them decide if they want to take risk of a trial, or treatment.

Data Protection, Privacy & Management - Biobanks & data repositories are at the heart – need to look at ownership of data, how transmitted, how large datasets are managed.

Partnership – Public needs to be consulted, particularly younger people

Healthcare Profession – With support from expert systems & monitoring, healthcare will become more formulaic. Clinical judgements will be open to people with less expert training.

4. GLOBAL TRENDS

Aging Populations – Increasing burden of chronic diseases.

Health Inequality – Not only in developing countries, but also from one developed country to another.

Regulators – Need for harmonisation of regulatory authorities worldwide.

Read on:http://bulletin.sciencebusiness.net/ebulletins/showissue.php3?page=...

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