It said doctors will find it difficult to keep pace with disease and treatment protocol due to lack of high-quality care. Most doctors said the situation will be adverse as greater proportion of patients have chronic diseases compared with five years ago.
The use of disease management tools could result in $8.5 billion in additional drug sales by 2024, the report said, showcasing the unique opportunity that the boom in digital health presents for the life sciences industry.
Doctors are looking for multiple types of support to manage this complexity—with 85 per cent of then upgrading their own clinical skills.
According to the report, complex generics and biosimilars will be the key growth drivers, a shift away from the dominating commoditised generics. Generics prices have already seen 4 to 6 per cent deflation since 2017 and a growing buyer consolidation will continue to put further pressure on prices and margins.
While Ayushman Bharat
has the potential to drive dramatic healthcare access, efforts must be made to have a quality lens on it as well, the report said, adding the industry must work with the government to deliver comprehensive and high-quality care through co-development of protocols and standard treatment.