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![Page 1: Accessing Global Healthcare: The Role of Innovation The International Economic Forum of the Americas Palm Beach, April 7, 2014 Murray Aitken, Executive.](https://reader035.fdocuments.us/reader035/viewer/2022072009/56649d945503460f94a7c223/html5/thumbnails/1.jpg)
Accessing Global Healthcare: The Role of Innovation
The International Economic Forum of the AmericasPalm Beach, April 7, 2014
Murray Aitken, Executive Director
![Page 2: Accessing Global Healthcare: The Role of Innovation The International Economic Forum of the Americas Palm Beach, April 7, 2014 Murray Aitken, Executive.](https://reader035.fdocuments.us/reader035/viewer/2022072009/56649d945503460f94a7c223/html5/thumbnails/2.jpg)
Palm Beach Strategic Forum 040714
TRANSFORMATIVE INNOVATION ACROSS HEALTHCARE
Predisposition
WellnessDiagnosis Therapy
Rehabilitation
Monitoring
IntegratedHealthcare
In vitro diagnostics
Genomics
In vivo diagnosticsMedical devices
Pharmacotherapy
Regenerative/tissueengineering
RemoteMonitoring/Telemedicine
Surgery
Behavioraldiagnostics
2
Informatics
![Page 3: Accessing Global Healthcare: The Role of Innovation The International Economic Forum of the Americas Palm Beach, April 7, 2014 Murray Aitken, Executive.](https://reader035.fdocuments.us/reader035/viewer/2022072009/56649d945503460f94a7c223/html5/thumbnails/3.jpg)
Palm Beach Strategic Forum 0407143
2010 2011 2012 Average Per Year 2013-
2017
0
5
10
15
20
25
30
35
40
Novel Mechanism Existing Mechanism Orphan
GLOBAL LAUNCHES OF NEW MOLECULAR ENTITIES
Source: IMS Institute for Healthcare Informatics, October 2013
GLO
BA
L N
ME L
AU
NC
HES
New therapy options:
Rheumatoid arthritisCystic fibrosisMelanomaBreast cancerOvarian cancerMultiple sclerosisHeart failureHepatitis CMalariaMany rare diseasesEtc.
![Page 4: Accessing Global Healthcare: The Role of Innovation The International Economic Forum of the Americas Palm Beach, April 7, 2014 Murray Aitken, Executive.](https://reader035.fdocuments.us/reader035/viewer/2022072009/56649d945503460f94a7c223/html5/thumbnails/4.jpg)
ESTIMATED TOTAL SPENDING ON MEDICINES IN 2014
Palm Beach Strategic Forum 040714
$1 Trillion
4
North America$373 Bn
Central & Latin
America$80 Bn
Africa
$23 Bn
Europe & CIS
$253 Bn
Asia & Oceania$270 Bn
Middle East
$18 Bn
![Page 5: Accessing Global Healthcare: The Role of Innovation The International Economic Forum of the Americas Palm Beach, April 7, 2014 Murray Aitken, Executive.](https://reader035.fdocuments.us/reader035/viewer/2022072009/56649d945503460f94a7c223/html5/thumbnails/5.jpg)
5
ANNUAL AVOIDABLE HEALTHCARE COSTS DUE TO MEDICINES NOT BEING USED RESPONSIBLY
Palm Beach Strategic Forum 040714
Medication nonadherence
Delayed evidence-based treatment
Medication errors
Suboptimal generics use
Mismanaged polypharmacy
Antibiotic misuse
$269 Bn
$62 Bn
$54 Bn
$42 Bn
$30 Bn
$18 Bn
Total Annual
Avoidable Costs:
$475 Bn = ~8% THE
Global 2012
![Page 6: Accessing Global Healthcare: The Role of Innovation The International Economic Forum of the Americas Palm Beach, April 7, 2014 Murray Aitken, Executive.](https://reader035.fdocuments.us/reader035/viewer/2022072009/56649d945503460f94a7c223/html5/thumbnails/6.jpg)
PRIORITIES FOR LEVERAGING INNOVATION TO ADVANCE GLOBAL HEALTHCARE
Palm Beach Strategic Forum 0407146
Creating or sustaining the eco-system to support innovation
Using common language, common metrics to set goals and measure progress
Applying rigorous assessment of clinical benefits from innovation
Leveraging digitized information
Balancing equity and affordability