BioBusiness Revolution: Healthcare and Biomedical Sciences

Biobusiness is commercial activity based on an understanding of life sciences and life science processes. It has and is an integral part of human life, dealing with areas such as biomedical, agri-veterinary, environmental and industrial. The presentations and slides showed the class a greater insight into the pharmaceutical industry in Singapore and developing countries and mainly, the technology in the area of healthcare. We learnt more how technology has affected the pharmaceutical industry and how it has advanced.

Few of the observations i found interesting was how healthcare systems have transformed and changed according to times. Moving on from disease-oriented healthcare systems from the past to the wellness-oriented healthcare systems presently, it has indeed faced a profound change according to how people’s mindsets and cultures have evolved over the times. As we move into a more advanced times, people are moved to expect, and then to take precautions to prevent possible health problems.

The key takeaways of the lesson is that the BioBusiness revolution will transform our life and economies- in the areas of improving our standard of living, our possible life expectancy and the overall quality of the healthcare system and ensuring that we the best standards of treatment. Hence this very fact itself transforms our life in an aspect that has a direct impact on our lives. For without life, there would not be even a need for people to transform and create more technology. Without health, all the possibilities of how technology can affect or help the human race would be essentially of no use. Also, the BioBusiness revolution indeed is a transformer of the economy because of the very effects that it can bring to the economies and how people require healthcare and biomedical sciences in any aspect of their lives they are at and even more so in the future.

Secondly, is that BioBusiness may well be our best hope in achieving sustainable development. Apart from industrial development as covered in the lesson a few weeks back, the BioBusiness revolution is an integral part of innovation management. Not only do doctors or scientists have to research on how to improve on their existing processes or methods of surgery, there is a need to continue innovating and create substantial breakthroughs in the medical fields and helping other countries with their valuable findings.

Issues that I wished had taken some airtime during class, is on the biomedical aspect of BioBusiness, it would definitely have allowed me to have a greater understanding of the BioBusiness per se.

I’d rate the lesson a 8 out of 10 because I do feel that I have gained a substantial knowledge of how technology affects the medical arena and a greater detail into what BioBusiness is essentially about.