Economics of the Pharmaceutical and Medical Device Industry

Supply Chain, Trade and Innovation

Ramesh Bhardwaj

• Publisher: Routledge
• Year: 2024
• ISBN:
  9781040106570
• Edition: 1
• Topic: Business
• Subtopic: Pharmaceutical, Biotechnology & Healthcare Industry
• Index: Business

This book provides a comprehensive examination of the pharmaceutical and medical device industry, including analysis of its current trade and innovation strategies.

Opening with a survey of the global pharmaceutical and medical device industry, Bhardwaj outlines the growing trade and trade interdependence among countries in the global supply chain. He adopts a trade competitiveness approach to analyze patterns of product specialization and examines the drug discovery process and its challenges in translating bioscientific knowledge into lifesaving products. Bhardwaj argues that further economic integration, collaborative R&D, and digital technologies may help accelerate productivity and address global challenges of escalating drug costs, neglected tropical diseases (NTDs), and pandemic risks. The book also considers how the industry may further green its supply chain, and thus contribute to SDG Goals 3 (Good Health and Wellbeing) and 12 (Responsible Consumption and Production), before closing on a review of China and India, major players who have the potential to become drivers of low-cost medical products and innovations.

With its evidence-based analysis, this book will be of great interest to researchers in pharmaceutical studies, supply chain management, global health, and health economics, as well as policymakers and professionals interested in the global issues facing the industry.

Table of contents

• Cover
• Half-Title
• Series
• Title
• Copyright
• Contents
• Abbreviations and Acronyms
• 1 Global pharmaceutical and medical device industry: Key milestones, global trading environment, and key challenges
• 2 Evolving product and market structure of the pharmaceuticals and the medical device industry
• 3 Trade in health products and trade interdependence
• 4 The innovation challenge and cross-country comparison of innovation capabilities
• 5 Tackling the grand challenge of productivity slowdown: Innovation strategies and the power of frontier technologies
• 6 Controlling neglected tropical diseases and containing the growing risks of pandemics
• 7 The pharmaceutical industry—environmental footprint challenge
• 8 Role of China and India in the emerging global supply chain: Prospects and challenges
• 9 Strengthening the medical sector: Concluding remarks
• Glossary and definitions
• Appendix
• Author Index
• Subject Index