How Intellectual Property Impacts Healthcare Development and Innovation
The healthcare industry is growing to be one of the most impactful markets of the 21st century. The COVID-19 pandemic skyrocketed investments into transformative medical technology and as the world begins to recover, more innovation will be expected of the healthcare world to help curb future pandemics.
When it comes to innovation in the healthcare development sector, intellectual property plays a vital role in how new technologies and devices emerge in the industry. Here’s how intellectual property laws play a role in healthcare development and why it’s important to utilize them.