Medical Research and Technology
Scientists are constantly testing out new equipment and procedures to shorten operation periods whilst boosting life span. Moreover, they are also trying out new drugs for better treatment and even cure of prevalent disease.
With the help of medical technology, scientists reached into cellular level of germs and their antibodies. We already know how the discovery of vaccines helped control malaria, MMR, polio and other such illnesses, saving thousands of lives worldwide. As per the World Health Organization, vaccines save 3 million lives each year.
Importance of Innovation in Medicine
The life cycle of a medical product ranges from 18-20 months. This is still better that many industries, such as Information technology, but improvements still need to be made. Also note that innovation isn’t just about improving the quality of care; it is also about maintaining and sustaining better healthcare systems.
And even while less than 10% of national health budget was apportioned to medical equipment innovation during the fiscal year of 2000-2008, advances in medical technology have decreased the prolonged hospital stays by 13%.
Moreover, huge cost savings have been recorded with the inception of outpatient care from in-patient care. Quality of life has improved over the period as well. Given the amount of ageing population and the current economic climate, medical cost saving was imperative.
For instance, Cataract surgery, which was previously a 3-5 day inpatient session, has now been reduced to a day care centre operation. Also, total knee replacements are proving to be better in terms of saving costs and locomotion of patients. And these are just a few examples we can find.
If we move further, chronic conditions such as arthritis and cataracts prevented patients from returning to their daily routines. With medical equipment innovation, the time taken to return back to their everyday lives has been significantly reduced. This also boosts the self-esteem of patients whose medical condition can hinder their physical independence.
In the long run, medical innovation not only creates healthier and happier people, but stronger economies as well. This is because healthier people can contribute more effectively to a country’s GDP.
Emerging Medical Equipment Technologies
Melanoma is a chronic form of skin cancer. Melanoma is extremely dangerous mole looking harmless on the outside until a surgical biopsy isn’t conducted. Now, dermatologists have come up with a portable tool, approved by FDA for analyzing tissue morphology. MelaFind optical scanner is now used to determine the need of biopsy.