The Impact Of Medical Technology On Healthcare

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Submitted by madnotes on May 13, 2008

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The Impact Of Medical Technology On Healthcare

An estimated $111 billion was spent on U.S. health research in 2005. The largest share was spent by Industry ($61 billion, or 55%), including the pharmaceutical industry ($35 billion, or 31%), the biotechnology industry ($16 billion, or 15%), and the medical technology industry ($10 billion, or 9%). Government spent $40 billion (36%), most of which was spent by the National Institutes of Health ($29 billion, or 26%), followed by other federal government agencies ($9 billion, or 8%), and state and local government ($3 billion, or 2%). Other Organizations (including universities, independent research institutes, voluntary health organizations, and philanthropic foundations) spent $10...

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