29th December 2017

Chairman's Message

Pharmaleaders 2017 annual edition attempts to bring a structural , systemic & transformative change in healthcare eco-systems & fixing the loopholes of the country's healthcare systems by continuously engaging the various stakeholders of the healthcare fraternity. Aptly titled as "The healthcare roundtable - fixing the healthcare chaos & transforming healthcare delivery systems" as the theme of the historic 10th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards 2017 to be held in Mumbai in December. Pharma Leaders, the healthcare research media wing of Network 7 Media Group is widely recognized & rated by the experts as a platform for cutting-edge, independent, policy driven relevant research and analysis on the opportunities and challenges facing Indian healthcare system. The much awaited & prestigious healthcare meet will bring together the most powerful & influential healthcare leaders of india in one single platform including pharma companies owners & CEO's, Hospital owners & CEO's,healthcare technology companies, social healthcare foundations, senior management from healthcare enterprises, eminent doctors, development financing institutions, institutional investors, to fundamentally address and impact poor healthcare outcomes & find a blueprint for tomorrow's healthcare. Ironically, India's healthcare suffers from quality, quantity, footprint, access & affordability issues coupled with faulty policies of the successive governments. The World Health Organization estimates that India spent about $267 per capita on health care in PPP adjusted terms in 2014—China spent three times that amount, Brazil five times, European nations 10 times and the US 20 times. In aggregate, India spends only about 1.5% of gross domestic product (GDP) on public healthcare. Most countries spend two or more times that number. There is an obvious shortage of medical practitioners in India so also the public healthcare systems, healthcare infrastructure & personnel.

Recognizing that existing health systems in the country are hampered by weak funding, infrastructure and skills, our idea is to find synergies that can boost the quality of care while saving both providers and consumers precious funds. There are broad consensus that India suffers from an acute shortage of secondary and tertiary hospitals, a significant shortfall in specialists and specialized equipment, and a rigid regulatory framework combined with corrupt enforcement. All of this leads to appalling quality for the medical system in the country. Add to this a hopelessly inadequate feeder system from preventive health to primary care to secondary and tertiary referral and you have the makings of system that is so completely broken that it may not be fixable without a zero-base approach.

India will have a total bed density of 1.84 per cent per 1,000 people against the WHO guideline of 3.5 by 2022. Clearly, There is a huge gap between demands for healthcare in India and supply. The summit heard that India spends 4.7% of GDP on healthcare, whereas UK spends 9.1 per cent, and that there is a huge shortage of hospitals in India, particularly a lack of tertiary care outside tier 1 cities. Another biggest challenges that are often not spoken about is the state of medical research in india. The statistics prove the sorry state of affairs thus india needs to be a robust research pipeline.Any modern healthcare system anywhere in the world would have its own share of challenges. Every healthcare system is unique – in its composition, adaptability and flexibility. We feel that the challenges mentioned above are all addressable and are opportunities in which credible medical organizations can partner and help provide implementable solutions.