Industry Aims To Cure Patients Preventive †Myassignmenthelp.Com

Question: Discuss About The Industry Aims To Cure Patients With Palliative ? Answer: Introducation The health care industry also known as medical industry is the hub of sectors in the economic system that offers products and services for the betterment of health of individuals. The industry aims to cure patients with preventive, palliative, curative and rehabilitative care. It is inclusive of the commercialization and creation of products and services in order to maintain and establish a healthy economy. Total spending on medicines in US is 450bn USD and gross output of previous five year is as follows: (U.S. Pharmaceutical Industry - Statistics Facts, 2017). Figure 1: Gross output of previous five year (Source: U.S. Pharmaceutical Industry - Statistics Facts, 2017) The new healthcare industry is split into many divisions and relies on interdisciplinary teams of experts and paraprofessionals to experience and satisfy needs of people regarding health. The US is said to be the international head in per capital treatment drug spending that represents 30 to 40 percent of the international market. Most of the worldwide pharmaceutical firms have existence in the United States (The Biopharmaceutical Industry in the United States, 2017). Study shows that biopharmaceutical sector accounts for 17% of all domestic RD funded and provided contribution of $1.2 trillion in economic output in 2014, which was 3.8 percent of total output of U.S. and this has been increasing till date. Major players of this industry are Zogenix Inc., Zoetis Inc and Vivus Inc.financial performance of these companies can be noticed through following figure: Table 1: Dividend yield by health care sector of USA Health Care Equipment Services Pharmaceuticals, Biotechnology Life Sciences: Medical Equipments (0.88% dividend yield) Biotechnology (0.13% dividend yield) Medical Supplies (0.68% dividend yield) Pharmaceuticals 3.52% dividend yield) Health Care Providers (0.25% dividend yield) Figure 2: Financial glance of top plays of health care sector in USA (Source: Bloomberg, Market Watch, Thomson Reuters and Yahoo Finance) From the full year 2003 to the full year 2015, the budget of NIH for the research has declined by 22%. In the full year 2016, Congress increased their commitment towards these areas to some extent, adding extra 5.9%, many experts reported that there is a requirement of more resources. Thus there is scope of prospected growth in industry and consequently they will be able to deliver good returns. Further by considering financial glance it is prudent to make investment in Zoetis Inc. References U.S. Pharmaceutical Industry - operations. (2017). Retrieved from https://www.statista.com/topics/1719/pharmaceutical-industry/. ?The Biopharmaceutical Industry in the United States. (2017). Retrieved from https://www.selectusa.gov/pharmaceutical-and-biotech-industries-united-states .