The Economic and Societal Benefits of Medical Technology – November 2011
In November 2011, The Work Foundation published a report, ‘Adding Value: The Economic and Societal Benefits of Medical Technology’, funded by a research grant from the MTG.
The report, which was launched in the House of Commons, identified three key areas of benefits from medical technologies.
- Improvements in health care (quality, efficiency and the empowerment of patients);
- Improving quality of life and independent living (reducing fears and anxiety, increasing flexibility, and reducing the need for informal care and the burden on informal caregivers);
- Labour market participation and productivity (increasing labour market participation, retaining skills and improving productivity).
A copy of the report is available here: Adding Value The Economic and Societal Benefits of Medical Technology.
