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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Hardback

Forthcoming
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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 analyse patterns of product specialisation, 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 policy makers 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,
ISBN: 9781032581958
ISBN 10: 1032581956
Series: Routledge Studies in the Economics of Innovation
Pages: 232
Publication Date: 01 August 2024
Audience: College/higher education , Further / Higher Education
Format: Hardback
Publisher's Status: Forthcoming

Ramesh Bhardwaj is a professor of Business Economics in 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.