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Biotechnology has applications in four major industrial areas, including health care (medical), crop production and agriculture, non-food (industrial) uses of crops and other products (e.g., biodegradable plastics, vegetable oil, biofuels), and environmental uses. [32]
The following table lists the largest biotechnology and pharmaceutical companies ranked by revenue in billion USD. The change column indicates the company's relative position in this list compared to its relative position in the preceding year; i.e., an increase would be moving closer to rank 1 and vice versa.
This is an accepted version of this page This is the latest accepted revision, reviewed on 9 December 2024. Economic sector focused on health An insurance form with pills The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive ...
A lung on a chip, close up. Bioconvergence technologies in healthcare may include translational medicine, enabling the extraction of new insights from massive data sets; neuromorphic computing, which seeks to emulate the biological neural structure of the brain to increase processing performance and energy efficiency; creation of digital twins for clinical trials; and biochips such as an ...
The index includes companies in pharmaceuticals, equipment and supplies, health-care providers and biotechnology, among others. 5-year returns (annualized): 12.4 percent Expense ratio: 0.09 percent
Medical technology may broadly include medical devices, information technology, biotech, and healthcare services. [citation needed] The impacts of medical technology involve social and ethical issues. For example, physicians can seek objective information from technology rather than read subjective patient reports. [23]
Biomedical engineering (BME) or medical engineering is the application of engineering principles and design concepts to medicine and biology for healthcare applications (e.g., diagnostic or therapeutic purposes). BME is also traditionally logical sciences to advance health care treatment, including diagnosis, monitoring, and therapy.
A biotech stock that arguably should already be more valuable than it is today is CRISPR Therapeutics. Its market cap is at $3.6 billion, and despite already racking up a couple of key approvals ...