Pharmaceuticals and life sciences companies are experiencing a wave of competing challenges.
The increasing demands and expectations of patients seeking a greater role in their own care, increasing cost pressures from payors leading to calls for pricing reform, and the declining autonomy of the individual physician as rule-based, protocol-driven care becomes ascendant.
With the evolving industrialisation of life sciences, companies need to embrace the exponential changes in technology to change the way they work, conduct research, innovate, manufacture and distribute products, and meet consumer expectations. Strategic alliances and new operating models are also contributing to overall growth in the sector. With growth comes some uncertainties arising from pricing pressures, value-based contracting, geopolitical climate, and policy changes. New measures are therefore needed to withstand these challenges.
As enterprises in every industry sector look to technology to facilitate their own transformations, the prospect for growth in the Technology sector have broadened extensively, causing the sector to expand from its long-term main focus on the consumer only.
In an age of digital commotion, the race for competitive advantage has led technology companies to face increasing pressure to improve their market strategies and ensure their offerings are best in class. Cloud computing has gone mainstream for many enterprises, and the Internet of Things (IoT) is changing how both industrial and consumer-oriented companies do business. Drones and autonomous vehicles, the blockchain, virtual and augmented reality, 3D-printing, increasingly sophisticated digital assistants, and artificial intelligence (AI) are opening up significant areas of opportunity to bring to market new products unveiling superior capabilities.
While opportunities abound as these exponential technologies come to market, enterprises will likely need to transform some of the ways in which they do business.
Areas we cover:
- Life Sciences
- Food Science
- Petrochemical & Chemical Manufacturing
- Medical Products
- Materials Science
- Robotics & Automation
- Testing, Inspection & Certification
- Management Consultancy, Financial & Professional Services