MedTech in 2013 and beyond

How will medical technology (medtech) firms face the challenges of an evolving marketplace? Although the global medtech market is expected to grow 4.5% to $455 billion from 2011 to 2018, there is less growth anticipated in developed countries.  Today a review a report from PwC’s Health Research Institute (HRI) that provides some insight. Getting funding Having…

Irreversibility and Medical Treatment

Irreversibility occurs when treatment in the current period alters the efficacy of treatments in the future. A paper by Zivin and Neidell (2010) give the following simple example: Examine the following table.  In the first scenario, the individual has disease X in two periods.  If he takes treatment 1 (T1) then he will recover 6…