Sunday 22 September 2013

TWC Week 6 Review - The Big Picture


With regards to the BioBusiness Revolution and the biomedical sciences, what has been covered in class this week can generally be classified under 2 main categories – healthcare trends and medical technology.

When analyzing a trend, the following should be kept in mind
*    What makes it a global trend?
*    What triggered this global trend? Which other factors then accelerated this trend? (Notice the roles of the various stakeholders in perpetuating/promoting such trends – the key stakeholders are governments, corporations and the public)
o   Some possible factors are
§  Changing demographics
§  Technological advances
§  Intellectual Property rights (whether governments have championed them) - this affects countries' access to medical technology/breakthroughs in medicine and the proliferation of such technology
*    What are its effects on the society and economy?
*    How can this trend, if negative, be addressed?
*    How can the relevant stakeholders further promulgate positive trends?


Some of the major medical technology that have been revolutionary/are going to be revolutionary are as follows. Do understand the nature of these technology, how they work and their possible future impacts on the society.
*    Robotic surgery
*    Augmented Reality Contact Lens
*    Bionic Eye
*    Implantable medical devices
*    Personalized medicine





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