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Health Care Technology Introduction, Business and Industry Trends Analysis

In recent years, the health care industry has capitalized on many remarkable advances in medical technology, including breakthroughs in computing, communications, small-incision surgery, drug therapies, diagnostics, advanced radiation and instruments. For example, huge advances are being made in the fields of cardiovascular care, cancer care, diagnostic imaging and testing, organ transplants and minimally invasive surgery.

In the area of drug development, innovative methods, including genome mapping and high-throughput screening, are providing a clearer understanding of the potential of drugs before they are sent into clinical trials. In addition, the FDA has hired legions of employees in recent years to help process applications for new drugs, medical procedures and equipment. Nonetheless, drug development remains a slow, tedious, extremely expensive risk, and very few potential drugs make it through trials and onto the market.

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