Economics of the Pharmaceutical and Medical Device Industry

Supply Chain, Trade and Innovation
1. Auflage 2024
ISBN: 978-1-032-58195-8
Verlag: Routledge

Buch, Englisch, 250 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 546 g

Reihe: Routledge Studies in the Economics of Innovation

This book provides a comprehensive examination of the pharmaceutical and medical device industry, including analysis of its current trade and innovation strategies.

Opening with a survey of the global pharmaceutical and medical device industry, Bhardwaj outlines the growing trade and trade interdependence among countries in the global supply chain. He adopts a trade competitiveness approach to analyze patterns of product specialization and examines the drug discovery process and its challenges in translating bioscientific knowledge into lifesaving products. Bhardwaj argues that further economic integration, collaborative R&D, and digital technologies may help accelerate productivity and address global challenges of escalating drug costs, neglected tropical diseases (NTDs), and pandemic risks. The book also considers how the industry may further green its supply chain, and thus contribute to SDG Goals 3 (Good Health and Wellbeing) and 12 (Responsible Consumption and Production), before closing on a review of China and India, major players who have the potential to become drivers of low-cost medical products and innovations.

With its evidence-based analysis, this book will be of great interest to researchers in pharmaceutical studies, supply chain management, global health, and health economics, as well as policymakers and professionals interested in the global issues facing the industry.

Zielgruppe

Postgraduate

Autoren/Hrsg.

Bhardwaj, Ramesh

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Fertigungsindustrie Pharmaindustrie
• Medizin | Veterinärmedizin Medizin | Public Health | Pharmazie | Zahnmedizin Medizin, Gesundheitswesen Medizintechnik, Biomedizintechnik, Medizinische Werkstoffe
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
• Technische Wissenschaften Sonstige Technologien | Angewandte Technik Medizintechnik, Biomedizintechnik

Inhaltsverzeichnis

1.Global pharmaceutical and medical device industry: Key milestones, global trading environment and key challenges
2.Evolving Product and Market Structure of the Pharmaceuticals and the Medical Device Industry
3.Trade in health products and trade interdependence
4. The innovation challenge and cross-country comparison of innovation capabilities
5. Tackling the grand challenge of productivity slowdown: New innovation strategies and the power of frontier technologies
6. Controlling neglected tropical diseases and containing the growing risks of pandemics
7. The pharmaceutical industry-environmental footprint challenge
8. Role of China and India in the emerging global supply chain: Prospects and challenges
9. Strengthening the medical sector: Concluding remarks
10. Glossary and definition of terms used
11. Appendix

Über Autor(innen)

Ramesh Bhardwaj is a professor of Business Economics at George Brown College, Toronto, Canada. He has written two books in Health Economics: Determinants of Mental Health: A Socioeconomic Perspective and Protecting Cancer Patients: Controlling Risk Factors, Restraining Cost of Drugs and Preventing Financial Catastrophe.