Biologics Mean Big Growth for Healthcare Industry |
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May 8, 2006
by Joe Cooper
joe.cooper@healthcare-programs.com
Healthcare Programs Columnist
The sale of biologics is predicted to increase by $26 billion per year by 2010, led by pharmaceutical powerhouses like Roche and Novartis. What does this mean for the healthcare industry? Big growth, more jobs, and more education.
Biologics' Impact on the Healthcare Industry
The biologic products identified as making such big growth possible are therapeutic proteins and monoclonal antibodies, the ingredients used by pharmaceutical companies to produce prescription drugs.
This will mean an increase in the price of vaccines toward the end of this decade, as well as the development of medical technologies of the future, like nucleic acid therapeutics.
Biologics will also find their way into the healthcare industry, not only through bottles of pills, but also through medical device technology. Bone and tissue substitutes and augmentations are growing as a subset of biologics, and we will likely see increased attention within the medical community on these issues.
The Healthcare Industry's Need for Education
With the healthcare industry growing at such a rapid rate, the need for its professionals to be educated is also increasing. Earning a degree, diploma, or certification has become a requirement for most jobs in the healthcare industry.
Many students have turned to the Internet for their healthcare education, choosing online medical degrees instead of on-campus degrees. Earning your online medical degree often involves the completion of certain course hours in person, on-campus or in a hospital or clinic, in addition to online courses. An online medical degree can offer time savings, depending on the program.
If you are interested in joining the healthcare industry, be prepared to be educated. Research on-campus and online medical degree programs, and find the right one for you.
Sources
Data Monitor
About the Author
Joe Cooper is a freelance education and technology writer and edits medical literature. He holds a bachelor's in American Literature from UCLA.
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