The healthcare industry refers to the sector of the economy that provides goods and services related to the diagnosis, treatment, and prevention of illnesses and diseases. It encompasses a wide array of facilities, including hospitals, clinics, nursing homes, outpatient care centers, and laboratories. The industry also includes various professionals such as doctors, nurses, pharmacists, and medical technicians, as well as support services like health insurance, pharmaceuticals, medical equipment manufacturing, and health information technology. The healthcare industry plays a critical role in maintaining and improving public health and is integral to the overall well-being of communities. It is influenced by factors such as government regulations, technological advancements, and shifting demographics, and it is a significant component of many national economies.
In a significant shift, major Japanese electronics companies are diving into the medical device sector. As they seek stable revenue streams, this venture comes amidst challenges as traditional business areas…