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This is an accepted version of this page This is the latest accepted revision, reviewed on 9 December 2024. Economic sector focused on health An insurance form with pills The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive ...
In the following video, health care analyst Max Macaluso explains the classic definitions of "pharmaceuticals" and "biotech," and discusses why it's difficult to distinguish the two today. Is Eli ...
Industrial biotechnology (known mainly in Europe as white biotechnology) is the application of biotechnology for industrial purposes, including industrial fermentation. It includes the practice of using cells such as microorganisms , or components of cells like enzymes , to generate industrially useful products in sectors such as chemicals ...
Life sciences discoveries are helpful in improving the quality and standard of life and have applications in health, agriculture, medicine, and the pharmaceutical and food science industries. For example, it has provided information on certain diseases which has overall aided in the understanding of human health. [1]
Patient Protection and Affordable Care Act (ACA) also known as Obamacare and health information technology health care is entering the digital era. Although with this development it needs to be protected. Both health information and financial information now made digital within the health industry might become a larger target for cyber-crime.
In 2012 the US had the highest IP (Intellectual Property) generation within the biopharmaceutical industry, generating 37 percent of the total number of granted patents worldwide; however, there is still a large margin for growth and innovation within the industry.
Biomedical technology is the application of engineering and technology principles to the domain of living or biological systems, with an emphasis on human health and diseases. Biomedical engineering and Biotechnology alike are often loosely called Biomedical Technology or Bioengineering. The Biomedical technology field is currently growing at a ...
This ETF tracks the Health Care Select Sector index, and includes health care companies in the Standard & Poor’s 500 index. The index includes companies in pharmaceuticals, equipment and ...