Value of Medical Technology
Technology in the past two decades has contributed significantly to the development of medicine in general which gave rise to the medical technology industry. Technological advancements and more accurate devices have led to more efficient diagnostics for different diseases, so the healthcare sector saw a reduction in disease developments associated with heart conditions, breast cancer, and life expectancy is five times higher.
Medical technological advancements contributed to a more effective treatment of various diseases and surgical procedures which facilitate recovery of patients, e.g. they recuperate more quickly and return to their everyday habits and work in no time.
Thanks to medical technology, many procedures became less expensive which saves money. Job creation was also spurred by the rise of medical technology as many small and medium businesses entered the industry to provide for a better and healthier community.
The MedTech sector is a branch that deserves more investments, and the industry is launching different campaigns to raise capital through investment as it represents one of the most vital industries nowadays. MedTech is a life-saving industry that accounts for a better and improved society.
Medtech Examples and Diseases It Tackled
Diabetes has been one of the diseases that kept doctors and scientists puzzled in terms of its treatment for years. The treatment was a costly business, but since the development of devices for monitoring blood glucose, the treatment of diabetic patients became more effective. Doctors can now monitor the progress of the disease more accurately and take preventive measures as to reduce risks of complications like nerve damage and blindness.
Laparoscopic surgical procedures provide for less invasive techniques that reduce the traumatic experience of surgical patients. Regarding heart failure and heart attacks, coronary stents enabled cardiovascular patients to live longer as the artificial tubes cut the number of deaths from heart attack in half. Implantable Cardioverter Defibrillator (ICD) reduces the risk of cardiac arrest fatal outcomes.
3D printers, which are only a recent invention, provided for cost an efficient leg and arm prosthetics which enable amputees to live a normal life despite losing a limb. Also, Harvard researchers are meanwhile printing blood vessels which should lead to creating blood-supplied tissues, whereby a group of researchers is also printing out cancerous tumor models which should eventually contribute to a better understanding of tumor growth and development and finding new treatment therapy.
Further innovation and investment in medical technology can lead to a better healthcare system, as well as to surgical procedures and treatment methods which do not overburden the healthcare insurance fund or the individual. In the past, certain surgeries required a week-stay at the hospitals while nowadays one can go home the next day.
Medical technology improved undoubtedly the quality of life in general where many diseases that represented an obstacle in everyday life before are now handled way better, and the sophisticated treatment methods and tools give an individual the opportunity to live a normal life again despite the disease.