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Major Studies
Work Foundation Report

‘Adding Value: 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.

  1. Improvements in health care (quality, efficiency and the empowerment of patients);
  2. 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);
  3. 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.

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