As the progress of bio-business has been steep over the past 3 decades, the future of healthcare seems even more promising. The video on Microsoft’s vision for the future healthcare was brilliant on how people will have the convenient and ‘remote’ healthcare consultation. Patients will be able consult their doctors without having to physically be there in the clinic or hospital. This topic has been discussed in class. Technology always has its setbacks, where with this particular one doctors could not provide accurate reviews of the patient’s medical condition or prescriptions. Moreover, the precise amount of consultation fee cannot be determined.
From slide 8, it can be seen that the US is seen to be spending a lot in the bio-business sector, however, there are many issues with specifically the US healthcare. This is another issue which has sparked my interest.
It is yet again ironic that despite the innovations and the exciting future that bio-business holds, in the global leading causes of death and disability is major depression ranked at number 2. People are still not happy! And ranked number 1 is heart disease which is not surprising as our emotions affect our heart, and people round the globe seem depressed!
We can see that there is upward inclination to the trends in bio-business looking at the life-science patent approvals. Increasing numbers of people have entered themselves in the innovation business over the past years. As stem-cell research becomes prominent and genetic modification crops up, there research in this field seems to know no bounds. From the graph of Global Burden of Disease, we can see how communicable and non-communicable diseases are spread over the globe. The innovations have to be effective in alleviating suffering in areas with these fatal diseases as for now this the pressing problem.
Coming to presentations, Future of Healthcare done by Yu Jun was brilliantly done and it also received much applaud from the class. The presentation style was very effective as it used very few words and the message came across through interesting usage of visuals. This is a learning experience for me as I came to know what the audience looks for in a presentation.
I would rate this session an 8/10 as it brings quite a few things into perspective especially about a vast sector such as bio-business.
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