StudentShare solutions
Triangle menu

Medical Innovation - Essay Example

Not dowloaded yet

Extract of sample
Medical Innovation

Let us see how they differ. The word 'Technology' can be defined as - "The application of knowledge to meet the goals, goods, and services desired by people [3]. The word "Innovation' can be defined as - "The introduction of new ideas, goods, services, and practices which are intended to be useful. The main driver for innovation is often the courage and energy to better the world. An essential element for innovation is its application in a commercially successful way [4]." To be clearer, Technology introduces useful goods, services etc., by making use of existing techniques whereas innovation is actually bringing out something which is entirely new.
The field of healthcare and medicine is rapidly evolving. Lots of developments are taking place in this field on an every day basis. Innovation in the field comprises of introducing new ideas, methods of treatment, drugs, and medical devices, keeping in view the overall people's health status and the different kinds of disease that are also cropping up competitively with the technology improvement. In today's rapidly developing and advanced world, innovation in the field of health care and medicine has taken a completely new and faster pace. Simultaneously, the number of diseases, primarily 'lifestyle-related diseases' such as diabetics, hypertension etc are also becoming very serious problems. Myocardial infection, cerebral apoplexy etc, are certain crucial illnesses that are the results of these life-style related diseases. For such illnesses to be tackled in a better way or even to be prevented, daily healthcare has got a very crucial part to play. Daily healthcare can be attributed to exercise, proper and balanced diet, stress etc.
Though there is a lot of technology development and innovation happening in this field, certain kinds of diseases like diabetics etc. do not have specific care etc for their treatment. General care like diet care and regular exercising ...Show more

Summary

There is just one existing product in the market - the life minder which is in more or less in a similar category. The major innovation with the product is overcome the cumbersomeness of the existing product there by being able to create a niche for itself in the existing market place…
Author : iweissnat
Medical Innovation essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Medical Innovation"
with a personal 20% discount.
Grab the best paper

Related Essays

Innovation In the Emerging Markets
In the case of emerging markets, innovation comes in the form of compact sized products that can fulfill important functions such as the MAC 400, a hand-held electrocardiogram that can easily fit into a backpack. Whereas in past few years, innovation in emerging markets are often perceived as cheap, made of poor quality and utterly useless.
2 pages (500 words) Essay
Health Care Innovation
Technology innovation takes the core to facilitate change in care givers functions and patients accessibility of health records. Changes in equipments in heath facilities provide better and easier health care to the patients. The document includes the benefits of the new U.S health care bill; affordable health care, discounts on Medicare and primary care boost to the society, how it improves their health and reduces cost in the public health spending.
4 pages (1000 words) Essay
Disruptive Innovation
This concept emerged when Christensen was researching in the Hard disk industry. It illustrated that very time innovations were made to produce better hard disk that would satisfy the customers need and will win the market place. Christensen coined the name of sustaining innovations because it developed sustained recognized performance enhancement trajectories, by presenting demanding customer’s better performance.
16 pages (4000 words) Essay
China has a vision to develop into an innovation-oriented society. Significant efforts have been put into promoting and driving
It can be said that China has not only grown economically because of the wisdom behind its governments policies but also because of the culture of innovation, that is a constant part of the Chinese. China’s Innovation-Oriented Society Vision One of the greatest aspects of the Chinese innovation is the fact that it is not only based on the technological sector, but is also practiced in all other sectors in the country’s economy, hence ensuring that there is rapid growth in all these sectors.
9 pages (2250 words) Essay
Medical Technology
However, for some reason, no serious effort for CESP has been made for medical institutions in Saudi Arabia. has a population of 26,417,599 according to the Central Department of Statistics in the KSA. The economy of Saudi Arabia is based on its rich oil reserves.
4 pages (1000 words) Essay
Business Innovation
Nokia does not believe in hierarchy and has a flat, networked organization that provides speed and flexibility in decision-making (HRM Digest, 2004). Nokia insists on a healthy work-life balance, which is
6 pages (1500 words) Essay
Managing Innovation at St. Lukes Medical Center
In creating an environment for performance, organizations must continuously innovate to survive and to lead as well. Innovation deals with searching for creative solutions to human relationships, structures and processes, and ability to assess and adjust to the changing environment.
14 pages (3500 words) Essay
Medical Devices Decontamination
elp of washer decontaminators) medical instruments is to provide completely clean and hygienic medical devices, which are not dangerous for the Reprocessing personals and have received the proper treatment in order to disinfect and sterilize medical devices. (Ryan, 2005, 15) It
6 pages (1500 words) Essay
Innovation and Enterprise 2
Open innovation is commonly adopted by the large-scale business organizations in order to gain competitive advantage from its research and
7 pages (1750 words) Essay
Current Health Care Economic issue - Prescription drugs
These drugs often sold over the counter (OTC) as prescription drugs have gone a long way in ensuring better health care among American citizens (Mark, 2006). This however comes at a grave cost to the
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation