Robotics in Healthcare: Revolutionizing the Medical Industry

by | May 12, 2024 | economics

My topic is: Robotics in Healthcare
Content
1. Choose a product.
2. Present the product’s market, focusing on the following important areas
a. Demand
i. the main customers of the product – country, region, income, age, etc. broken down – according to at least 1 aspect
ii. The relationship between the price of the product and the development of
demand (covering at least 5-10 years)
b. Supply
i. the main producers of the product, the nature of market competition (perfect competition, monopolistic, oligopoly or rather monopoly market structure)
ii. how has the price of the most important cost elements (labour, raw material prices, energy costs, etc.) developed over time (longer time series)
iii. the evolution of the product’s price (cover at least 5-10 years) – relationship between costs (former point) and price evolution
iv. supply of the product (covering at least 5-10 years)
c. What happens, if there’s a significant technological development (new materials, new, more efficient processing methods etc.)? Give an example, and highlight the possible effects on the demand and supply side of the market.
3. Examine
a. how the sector of the selected product contributes to the GDP of the country (select one country) that typically produces the product;
b. how the sector of the selected product contributes to the foreign trade of the above country;
c. how the sector of the selected product contributes to the employment level of the above country.

 

Sample solution

Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell. 

In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.


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God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.

Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.

To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.

 

References

Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.

Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.

Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.

Sample Answer

Sample Answer

 

Robotics in Healthcare: Revolutionizing the Medical Industry

In recent years, robotics has made significant inroads into the healthcare sector, transforming the way medical procedures are performed and patient care is delivered. One of the standout products in this field is the da Vinci Surgical System, a robotic platform designed to enable minimally invasive surgery. This essay will delve into the market dynamics of the da Vinci Surgical System, its impact on healthcare systems, and its implications for economic indicators in the United States.

Demand for the da Vinci Surgical System

Main Customers:

The primary customers of the da Vinci Surgical System are hospitals and surgical centers worldwide. In terms of geographical distribution, developed countries such as the United States, European nations, and Japan are the main markets for this product. The demand for robotic surgical systems is driven by factors such as the aging population, increasing prevalence of chronic diseases, and the desire for less invasive surgical procedures.

Price-Demand Relationship:

Over the past decade, the price of the da Vinci Surgical System has gradually decreased due to advancements in technology, economies of scale, and increased competition in the market. This reduction in price has led to a surge in demand for robotic surgery systems, as more healthcare facilities can afford to invest in this cutting-edge technology.

Supply of the da Vinci Surgical System

Main Producers and Market Competition:

Intuitive Surgical is the leading producer of the da Vinci Surgical System, enjoying a dominant position in the robotic surgery market. The market structure can be characterized as an oligopoly, with a few major players vying for market share through innovation and product differentiation.

Cost Elements and Price Evolution:

The cost elements affecting the production of robotic surgical systems, such as labor, raw materials, and energy costs, have remained relatively stable over the years. However, technological advancements have enabled manufacturers to enhance efficiency and reduce production costs, leading to a downward trend in prices for these systems.

Technological Developments:

Significant technological developments in robotics, such as the integration of artificial intelligence and advanced imaging techniques, have the potential to revolutionize the da Vinci Surgical System. These innovations can improve surgical outcomes, reduce procedure times, and expand the applicability of robotic surgery, ultimately driving both demand and supply in the market.

Economic Contributions in the United States

Contribution to GDP:

The healthcare sector, including the production and utilization of robotic surgical systems, plays a crucial role in the United States’ economy. The adoption of advanced medical technologies like the da Vinci Surgical System contributes significantly to GDP growth by enhancing healthcare services and promoting innovation in the medical industry.

Contribution to Foreign Trade:

As a leader in medical technology development, the United States exports a substantial number of robotic surgical systems to countries around the world. This boosts the country’s trade balance and strengthens its position as a global leader in healthcare innovation.

Contribution to Employment:

The production and utilization of robotic surgical systems create employment opportunities across various sectors, including manufacturing, research and development, healthcare services, and technical support. The demand for skilled professionals to operate and maintain these systems contributes to job growth and skill development in the healthcare industry.

In conclusion, robotics in healthcare, exemplified by products like the da Vinci Surgical System, represents a transformative force in modern medicine. By understanding the market dynamics, economic implications, and technological advancements associated with robotic surgery systems, we can appreciate their profound impact on healthcare delivery, economic indicators, and societal well-being.

 

 

 

 

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