GE Healthcare has created a new business unit, Sustainable Healthcare Solutions (SHS), to develop an affordable healthcare portfolio for its customers.
SHS, which will combine GE Healthcare's operations in India, South Asia, Africa and southeast Asia, will invest $300m to develop high-value, low-cost technologies and healthcare delivery solutions across multiple care settings.
In order to deliver value-based solutions for health systems and patients, the new unit will collaborate with governments, clinicians, private operators and NGOs.
GE Healthcare president John Flannery said: "Much of the world's population is without adequate healthcare, and innovations that can create better patient outcomes in a sustainable way are urgently needed.
"Many emerging economies are looking for experienced partners to help build skills, capacity and effective healthcare solutions for their patients."
SHS was created to cover 70 markets, including India, South Asia, southeast Asia and Africa, with a focus on increasing access for 5.8 billion people worldwide without basic healthcare.
SHS unit president Terri Bresenham said: "SHS will leverage GE's Fastworks methodology to accelerate, test and rapidly commercialise relevant, affordable technologies.
"By taking this 'start-up' model approach we can rapidly test new ideas, products and services to maximise effectiveness for customers before we scale up.
"From basic primary care delivery through to more complex, structural healthcare challenges, SHS will aim to combine GE Healthcare's capabilities and scale with the local know-how and expertise of our partners across Africa, southeast Asia, India and South Asia."
GE Healthcare developed handheld ultrasound device Vscan Access+ and Lullaby+ infant warmer for emerging markets.
The devices will help improve outcomes in remote rural settings in maternal infant care, a major focus area for most emerging markets.
The company offers medical imaging, software and IT, patient monitoring and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance improvement solutions.