The Healthcare & Life Sciences Industry
An Overview
Articles in this series
| 1. An Overview (current page) |
|---|
| 2. Healthcare & Life Sciences Industry Participants |
| 3. About Healthcare Providers |
| 4. About Healthcare Payers and Plans |
| 5. About Life Sciences Industry |
| 6. About Medical Technology Industry |
Contents
Industry Participants
Main article: The Healthcare & Life Sciences Industry Participants
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👩⚕️ Healthcare Providers
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💰 Healthcare Payers
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🧬 Biopharma Companies
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🔬 Medical Technology Companies
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🏛 Governments
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🏢 Not-For-Profit Organizations
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🏙 Consumer Technology Companies
Customers
- Patients are the primary customers
- Healthcare providers are the customers for medical technology manufacturers
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Patients need healthcare for:
- Injuries
- Physical damage caused by accidents or violence.
- Include bone fractures, burns and poisoning
- Disabilities
- Physical/mental conditions which limit a patient’s senses/movements/activities
- Reproductive health
- Related to pregnancy, childbirth and other sexual health needs
- Diseases
- broadly refers to any condition that impairs the normal functioning of the body
- Types: Infectious and Chronic
- Mental disorders
- behavioral or mental pattern that causes significant distress or impairment of personal functioning
- conditions that affect your thinking, feeling, mood, and behavior
- Injuries
Healthcare Systems
Popular healthcare systems:
- Socialized healthcare systems
- National healthcare systems
- Employer-sponsored insurance systems
- Individual responsibility healthcare systems
Industry Challenges
- Digital Disruption
- Advances in Science & Technology
- Cybersecurity
- Rising healthcare costs
- Pandemics (like COVID-19)