Remaking Europe: Healthcare
The Financial Times proposes to publish this FT Report in 2020
We plan to include the following features (please note that this list is provisional):
The Covid-19 pandemic dramatically changed the way we live and work, precipitating changes in areas like healthcare, education and logistics that would otherwise have taken decades to push through.
Healthcare systems, traditionally slow to change, have had to adopt new practices overnight.
Many of Europe’s deep tech startups are now seeing a new demand for their solutions. These are the technologies that will help shape the post-pandemic world, and many of them are emerging from outside the traditional European technology hubs such as London, Paris and Berlin. The profile of these startups is also more diverse than the typical business, with, for example, more female founders bringing in a different perspective.
We will also be paying particular attention to the financing of such startups: where is funding coming from, and what sources are available, whether private, public and pan-European?
Each piece in this report will look at different areas undergoing rapid change, and would include a list of “challenger” companies, identified on the basis of factors such as recent strong growth, recent fundraising, or technical breakthrough.
Remote Healthcare.
Remote consultations became the norm during the pandemic, but the challenge now will be to take this further —not just consulting your doctor remotely, but using wearables to monitor health in a different way, keeping patients out of hospitals wherever possible.
AI to Speed up Drug Discovery.
The pharmaceuticals industry, stuck in a rut for years with increasing costs and slower pipelines, has been forced into a big shakeup. A number of trials are underway to see if AI can help speed up the drug discovery process.
Covid-19 Treatments.
A vast array of technologies have been developed to help manage the pandemic, from rapid testing solutions to breathing monitors, cough trackers and using genomics to identify patients most likely to get a severe reaction to Covid-19. But how easy has it been for them to get their solutions adopted by national health services?
Mental Health Issues
Were also highlighted during the pandemic, and many startups offering remote and automated solutions saw huge demand for their services. Have we started to break taboos about discussing mental health and could some of these products start to be integrated into the workplace, for example?
The Hospital of the Future.
From making MRI machines far more portable and affordable to the iKnife that can “smell” cancer cells, medical equipment is developing very rapidly. How will it change the way hospitals are built and run in the future — will a hospital even exist as the big centralised institution, if operations can increasingly be done in a decentralised way? What kind of savings might some of these new approaches offer?
Funding.
Where will the money for Europe’s healthcare revamp come from? There has been a recent increase in VCs interested in investing in this emerging sector, and there is money from government initiatives as well. Will it be enough to create the wide-scale changes needed?
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