A study done by thevalueofinnovation.org states that for every 15 percent drop in cancer deaths, a $127.2 billion in productivity gains exists. Statistically, this shows how medical innovation can bring profits to America and it’s people by increasing economic activity. Furthermore, research remains a factor in how far medial innovations can go as Dr. Plsek from AHRQ states, “studies have also shown that industry leaders who fail to maintain a steady flow of innovations inevitably experience setbacks”. In effect, businesses, as well as healthcare, must innovate
A chart from valueofinnovation.org appropriately and accurately depicting the cycle of medical innovations and their effect on the economic and social aspects of life. for the most beneficial and effective outcomes or they will become outdated in due