Data monetization, direct-to-consumer and eCommerce business models will create growth opportunities, finds Frost & Sullivan
SANTA CLARA, Calif., July 5, 2018 /PRNewswire/ -- Frost & Sullivan's recent analysis, Global Life Sciences Industry Outlook, 2018, finds that healthcare digitization and consumerization, the explosion of patient data,
"The scope for synergies among disciplines is attracting big tech companies such as Google, Amazon, Facebook, Apple (GAFA) to the life sciences industry," said Unmesh Lal, Program Manager, Transformational Health. "The adoption of artificial intelligence (AI) and cloud-based solutions for drug discovery and clinical trial workflow is improving the overall efficiency of production. Additionally, pathology and research laboratories are increasingly adopting health analytics solutions to track the test utilization and efficiently tackle reimbursement issues."
For further information on this analysis, please visit: http://frost.ly/2ii
In 2018, innovations and new business models spun around data monetization as a result of value-based medicine; a connected ecosystem will be the most talked about areas. Incorporation of advanced technologies will drive the delivery of precision healthcare, raising the following growth opportunities:
"While the cell and gene therapy segments have shown potential, pharmaceutical and biotechnology companies continue to invest in the promising segments of oncology, cardiovascular, diabetes, and immunology. These segments not only have high unmet needs but also have high acceptability across regions," noted Lal. "Overall personalization, decentralization, collaboration, and prevention are amplifying precision health, thereby shaping the future business models and the workforce of life sciences companies."
Global Life Sciences Industry Outlook, 2018 is part of Frost & Sullivan's global Life Sciences Growth Partnership Service program.
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Global Life Sciences Industry Outlook, 2018MDB0-48
Contact:Mariana FernandezCorporate CommunicationsT: +1 210 348 10 12T: +54 11 4778 3540E: Mariana.Fernandez@frost.com
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SOURCE Frost & Sullivan
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