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This is up from the estimated NGN 5,318.061 billion in 2020. In 2021, healthcare spending was estimated to make up 2.94% of the country’s GDP. Aside from this growing GDP, the surge in the rise of HealthTechs in Nigeria in the last five years has been amazing. Africa’s largest population and biggest economy have one of the fast-growing startup ecosystems that have been graced with leading digital medical startups like Safermom, Ubenwa, Mobicure, Kangpe, GenRx, Hudibia, Lifebank, Redbank, Medismart Inc., and many others. Despite the surge of HealthTech startups, Nigeria has witnessed an increase in diseases capable of affecting the nation’s population negatively. These startups and existing legacies of healthcare systems cannot cater for over 200 million Nigerians. Moreover, not enough is spent on healthcare by the government. Hence, Nigerians are faced with catering for their healthcare, which is expensive. To be clear, Nigeria suffers structural problems in its healthcare system. Therefore, I offered some strategies that can help med-techs and health-techs overcome infrastructural problems. I pointed out some infra(structural) problems and how they can navigate through them.
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In beating supply chain challenges, med-techs and digital healthcare startups can engage in developing mobile hospitals where healthcare delivery is executed in vans. For example, medtechs, with funding gotten from VCs can acquire vans and motorcades and bicycles to penetrate rural areas.
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For example, in India, med-tech startups are manufacturing portable equipment for calculating ECG, blood pressure, heart rate, auscultation, oxygen saturation and the temperature of a patient. After diagnosis, data are transmitted wirelessly to doctors anywhere in the world. These machines perform quick diagnostics with little medical training and rely heavily on their patented technology to work in low-bandwidth locations in far-flung corners of the country.
Final WordsDespite the existing progressive tech ecosystem in Nigeria, it seems the health sector is largely unorganized compared to e-commerce, fin-tech and agro-tech. The infrastructural challenge Nigeria finds itself in requires an innovative approach. Hence, this article has offered insights into navigating these challenges. The article calls for total digitisation of the industry as well as creating portable equipment and mobile hospitals, especially for reaching underserved communities. Featured Image Source: TechEconomy
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