## Industry Snapshot (First-Principles Template)
**Industry / Sub-industry:** 3510 Health Care Equipment & Services
**Date:**
**Source(s):**
---
### 1) Job to be done
### 2) Who pays vs who uses
- **Paying customer:**
- **End user:**
- **Buyer / decision-maker (if different):**
### 3) Core value chain (end-to-end)
- Upstream:
- Production / service delivery:
- Distribution / channel:
- Downstream customer:
### 4) Money engine (where profit comes from)
### 5) Main constraints (pick 3)
### 6) Main risks (pick 3)
### 7) Key incentives (what gets rewarded/punished)
### 8) What insiders track obsessively (metrics/KPIs)
### 9) What’s changing right now (why last year’s playbook breaks)
### 10) Where power sits
---
## Connector Signature
### Underlying pattern
- “This is actually a problem.”
- Trust / Coordination / Information asymmetry / Switching costs / Regulation / Distribution / Capital cycle / Talent bottleneck
### Cross-links (2)
- Similar pattern in:
- Similar pattern in:
### One sharp sentence I’d publish
### Follow-up questions (for my “journalist” chats)
- [ ]
- [ ]
- [ ]
### 2-minute capture (optional)
- **Signal:**
- **Vibe:**
- **Link:**