Economics of the Pharmaceutical and Medical Device Industry: Supply Chain, Trade and Innovation

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Ramesh Bhardwaj (George Brown College, Canada)

Economics of the Pharmaceutical and Medical Device Industry

Supply Chain, Trade and Innovation

Ramesh Bhardwaj (George Brown College, Canada)

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English

Routledge
01 August 2024

Economics of industrial organisation; International economics; Production & quality control management; Chemical industries; Biomedical engineering

Series: Routledge Studies in the Economics of Innovation

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.

By: Ramesh Bhardwaj (George Brown College Canada)
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 453g
ISBN: 9781032581958
ISBN 10: 1032581956
Series: Routledge Studies in the Economics of Innovation
Pages: 242
Publication Date: 01 August 2024
Audience: College/higher education , Further / Higher Education
Format: Hardback
Publisher's Status: Active

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: New 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 10. Glossary and definition of terms used 11. Appendix

Ramesh Bhardwaj is a professor of Business Economics at George Brown College, Toronto, Canada. He has written two books in Health Economics: Determinants of Mental Health: A Socioeconomic Perspective and Protecting Cancer Patients: Controlling Risk Factors, Restraining Cost of Drugs and Preventing Financial Catastrophe.