This is the common point of view, but is it true? Other forms of technology, such as cell phone, computers, and digital cameras have decreased in price while the power and functionality has increased.
Last week I read that cancer patients are living longer from time of detection. That may mean that it was only detected earlier and that the treatment had no effect on longevity.
My grandmother is the only person I know that chose to have absolutely no treatment for her breast cancer. She lived seven years from the time she finally told someone about the lump in her breast.
I can tell you story after story. All these drugs create side effects which demand more drugs. I have no confidence in modern medicine, at all. Trauma medicine is necessary and effective. I do believe they've made progress.
Notice that you mentioned products and I mentioned services. That's the difference. Cell phones and digital cameras are cheap because they're made in Malaysia.