TY - CHAP M1 - Book, Section TI - The Healthcare Technology Sectors A1 - Burns, Lawton Robert Y1 - 2021 N1 - T2 - The U.S. Healthcare Ecosystem: Payers, Providers, Producers AB - Perhaps as never before, countries around the world are looking at biomedical innovation as a source of (1) knowledge creation by their scientific communities, (2) value creation for their populations, and (3) wealth creation by fostering industries and expansion of employment. In the United States, for example, bipartisan passage of the 21st Century Cures Act (2016) seeks to accelerate new product development and faster patient access to new treatments and therapies. It also elevates the role of biomedical research through an additional $6.3 billion in funding for the National Institutes of Health (NIH) and other agencies. China’s Twelfth and Thirteenth Five-Year Plans (FYP 2011-2015, 2016-2020) emphasize a shift away from manufacturing to higher-end technology sectors such as biotechnology, biomedical and advanced medical equipment, and information technology. China is also on pace to surpass the United States in terms of research funding levels, indicating biomedical innovation is a national priority.1 SN - PB - McGraw-Hill CY - New York, NY Y2 - 2024/04/23 UR - accessmedicine.mhmedical.com/content.aspx?aid=1180254195 ER -