Skip to main content Accessibility help
×
Hostname: page-component-76fb5796d-skm99 Total loading time: 0 Render date: 2024-04-29T05:59:09.580Z Has data issue: false hasContentIssue false

1 - The biomedical device and drug industry and their markets

Published online by Cambridge University Press:  03 November 2022

Shreefal S. Mehta
Affiliation:
The Paper Battery Company
Get access

Summary

The vast world of biotechnology applications to human health is reviewed and the terminology used in the rest of the book is defined here. An overview of the industry, the value chains, the specific types of human health products covered in this text are presented in this chapter. A time-tested way to analyze an industry’s attractiveness for new entrants is presented here using Porter’s five forces model. Technology trends such as mobile health, artificial intelligence, 3D printing, cell and gene therapy, and robotics are presented to the reader in the context of the mission of improving human health. The overall process of development of new products in these various segments of drugs, devices and diagnostics sectors is reviewed here. The reader will leave this chapter with a 30,000-foot view of the industry dynamics and understand the context within which product commercialization is to be done.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2022

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

References and additional readings

Burns, L. (editor). (2002). The Health Care Value Chain. San Francisco: Jossey-Bass. ISBN: 0787960217Google Scholar
Cheng, C-M, Kuan, C-M, and Chen, C-F. (2015). In-Vitro Diagnostic Devices: Introduction to Current Point-of-Care Diagnostic Devices. Springer International Publishing. ISBN: 9783319197371Google Scholar
Chiesa, V, and Chiaroni, D. (2004). Industrial Clusters in Biotechnology. Imperial College Press. ISBN:1860944981Google Scholar
Collins, SW. (2004). The Race to Commercialize Biotechnology. London: Routledge Press. ISBN: 0415283396.Google Scholar
DiMasi, JA, Grabowski, HG, and Hansen, RW. (2016, May). Innovation in the pharmaceutical industry: new estimates of R&D costs, Journal of Health Economics, 47, 2033.CrossRefGoogle ScholarPubMed
Ecker, DM, Jones, SD, and Levine, HL. (2015). The therapeutic monoclonal antibody market. mAbs 7(1), 914.Google Scholar
Ernst & Young Annual Biotechnology Industry Reports. (2015–2020). Ernst & Young LLP.Google Scholar
Estrin, NF. (1990). Medical Device Industry. Marcel Dekker.: ISBN: 0824782682Google Scholar
Fortune Business Insights Report. (2021). The global monoclonal antibody therapy market 2021–2028. Report ID FBI102734. www.fortunebusinessinsights.com/monoclonal-antibody-therapy-market-102734Google Scholar
Frost and Sullivan. (2022a). Global medical devices outlook. (SKU:MC17024440).Google Scholar
Frost and Sullivan. (2022b). Global in vitro diagnostics market outlook (SKU: HC03451-NA-MT_25793).Google Scholar
Kayser, O, and Müller, R. (editors). (2004). Pharmaceutical Biotechnology: Drug Discovery and Clinical Applications. New York: John Wiley & Sons. ISBN: 3527305548Google Scholar
Lu, RM, Hwang, YC, Liu, IJ, et al. (2020). Development of therapeutic antibodies for the treatment of diseases. Journal of Biomedical Science 27(1), 1. https://doi.org/10.1186/s12929-019-0592-zGoogle Scholar
McKelvey, MD, Rickne, A, and Laage-Hellman, J. (editors). (2004). The Economic Dynamics of Modern Biotechnology. Edward Elgar Publishing. ISBN 1843765195Google Scholar
Ono, R. (2013). Business of Biotechnology: From the Bench to the Street. Elsevier Science. ISBN: 9781483292236Google Scholar
Porter, M. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. New York: The Free Press. ISBN: 0684841460Google Scholar
Roco, MC, and Bainbridge, WS. (editors). (2004). Converging Technologies for Improving Human Performance. Springer. ISBN: 1402012543Google Scholar
Saltzman, M. (2015). Biomedical Engineering: Bridging Medicine and Technology. Cambridge: Cambridge University Press, 2nd ed. ISBN: 9781107037199Google Scholar
Shimasaki, C. (2014). Biotechnology Entrepreneurship: Starting, Managing, and Leading Biotech Companies. Elsevier Science. ISBN: 9780124047471.CrossRefGoogle Scholar
Springham, DG, Cape, RE, and Moses, V. (editors). (2020). Biotechnology – The Science and the Business. Boca Raton, FL: CRC Press. ISBN: 9781000159660Google Scholar
Srinivasan, P, Shanmugam, T, Chokkalingam, L, and Bakthavachalam, P. (editors). (2020). Trends in Development of Medical Devices. Elsevier Science. ISBN: 0128209615Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×