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Future research should address this concern by focusing on multi-country comparative studies. Practical implicationsOpen innovation is the most suitable model for health industry, because it improves both innovation performance and intellectual capital of firms. Originality/valueThe study tackles an existing gap of the literature by considering how the presence of large customers impacts the strength of intellectual property protection.
In France, medical innovation is considered as a crucial component for quality of care and performance of healthcare system.
Affordable innovation, which presents ways to innovate, be flexible, and do more with less, can help a complex and resource-constrained country like India address challenges in healthcare delivery.
On the other hand, unique advantages had been observed which included growing pharmaceutical market, Research and Development funding, distinctive source, and international cooperation. SummaryThe most important thing for China’s pharmaceutical sector to leap forward is to break though innovation barriers and integrate own advantages into global value-chain of healthcare product development.
Appropriate deployment of technological innovation contributes to improvement in the quality of healthcare delivered, containment of cost, and an increased access to the healthcare system.
Current innovation policies should be carefully examined because capital investors’ understanding of the world in which they operate largely determines which health technologies make their way into healthcare systems and which may never come into existence.
This has important social and economic implications for access to improved therapies, healthcare spending and investment in innovation.
The healthcare sector’s engagement in open innovation is limited, and it is necessary to perform further research with a focus on how open innovation can be managed in healthcare.
Many innovations which are well suited for healthcare establishments emerge externally, making at least some exposure beyond the healthcare industry essential for institutions desirous of operating on the innovation frontier. DiscussionTrue innovation emerges from broad worldviews, allowing healthcare providers to comprehensively understand the current state of the art.
The paper shows that each region represents different positions within international value chains of innovation in the healthcare sector.

Related Questions

How innovation leads to increase in cost in healthcare?5 answersInnovation in healthcare often leads to an increase in costs due to various factors outlined in the provided contexts. Medical innovations, such as new drugs, equipment, and treatment methods, contribute significantly to the rise in healthcare expenditures over the years. The introduction of new technologies, like robot-assisted surgery, can lead to cost growth as they may be more expensive than previous treatments and expand the number of patients treated. Additionally, the need for industry incentives to recover high-risk research and development costs for innovative therapies further drives up healthcare expenses. Challenges such as weak financial incentives for value creation and cost reduction, along with professional and social norms that hinder innovation, also play a role in escalating healthcare costs.
The importance of innovation in healthcare system in Saudi Arabia?5 answersInnovation plays a crucial role in the healthcare system in Saudi Arabia. The Saudi Ministry of Health (SMoH) has introduced several innovations to transform healthcare planning, management, and delivery, which has had a positive impact on the healthcare system. Technology innovation, including mobile technology, digitalization of health records, telehealth/telemedicine, and artificial intelligence, has significantly influenced healthcare performance among healthcare organizations in Saudi Arabia. The Saudi government has invested heavily in the healthcare sector to improve health services and provide free and accessible healthcare services for every Saudi citizen and expatriate working in the public sector. Additionally, the adoption of artificial intelligence (AI) solutions can improve efficiency, reduce costs, and enhance the quality of care in the healthcare system. However, there is still a need for further improvement in IT innovation management within Saudi healthcare organizations, including defining clear and unified innovation processes, enhancing human resources, and developing research and development.
What are the factors that contribute to innovative performance among healthcare providers?5 answersFactors that contribute to innovative performance among healthcare providers include global demographic developments, continuous scientific advances, and the need for change processes. Additionally, external mechanisms such as accreditation and the growing demand for reliable information have intensified the concern for quality improvement in healthcare organizations. In the context of digitalization, success factors for innovative change processes in healthcare organizations have been explored, including factors related to organizational attributes, patient types, and clinical conditions. The adoption of artificial intelligence in healthcare has also been studied, with factors such as performance expectancy, effort expectancy, initial trust, personal innovativeness, task complexity, and technology characteristics influencing healthcare providers' behavioral intentions to adopt AI in their routine practice. These factors can inform strategies to encourage the adoption of innovative practices in healthcare organizations.
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