Hello, you have raised a very interesting point. I believe that this cycle happens for all kinds of products. However as you mention, for some of them it’s really hard to see their decline. I think that all products will decline in the market, but that declination will vary in a proportional way to the market’s need. For example: The products that we used in our daily life tend to decline in a very slow way because we all require them every day so the need for them is huge. An example for this could be forks, knifes and other home products. Let’s consider the forks and knifes, the decline for these product will stop (reach 0) whenever humans don’t need the hands to eat. Although the example I have provided is not related to Biomedical Engineering, the same concept would apply to the BME industry.

Let me know what you think about this,

Sincerely,
Roberto Pineda.