Research & Advisory
The Life Science industry is undergoing an exciting transformation. Dramatic changes are being driven by recent advances in science and technology, coupled with increasing globalization, an aging population and mainstream adoption of digital technologies.
The availability of digital data – electronic health records, social, genomics, clinical, insurance, consumer data – enables integrated drug development and manufacturing. Add to this mix an increased focus on open-innovation and personalized medicine, and the industry faces an exciting future – albeit with some challenges from regulatory and market forces.
The industry is geared towards revolution in a number of areas, including:
- Healthcare on-demand/on-demand delivery models
- IOT-enabled real-time tracking and control of devices and smart supply chains
- Advanced analytics and Big data driving productivity and outcomes
- Transition to value-based care
- Connected patient-and-provider models
- Impact of aging population on growth strategy
Even as these trends evolve, maintaining a balance between the value and volume parts of the business will be key to a successful portfolio strategy. Strategic alliances and new operating models are also contributing to overall growth in the sector.
Automation and standardization is another area where best-in-class companies are investing time and resource into measuring manufacturing capability, standardizing business processes and finding ways to leverage digital data.
With an experienced team of technical and commercial consultants, we are well-positioned to help drive innovation and growth for clients in the Life Sciences industry.
Personalized drug delivery, improve patient care
3D printing has the potential to revolutionize product development, and manufacturing in healthcare domain. It is on the verge of fulfilling the promise of personalized/ customized device or drug, a concept that is extensively being explored within the industry. The innovations in this technology are set to improve patient care and the treatment of illnesses. This paper discusses the various ways in which drug discovery can be benefitted by 3D printing technology. We also discuss the potential innovation in supply chain systems in the life sciences industry.Read more
Personalized nutrition, wellness
Technology advancements, information accessibility and the increase in consumer interest towards nutrition and wellness have led to a new category of products and services in the form of “Personalized Nutrition”. Brands are investing capital and resources to develop innovative solutions to remain relevant and consistent in the ever-changing market. This paper examines some of the solution formats in personalized nutrition, and potential approaches that food & nutrition players can take to move in this direction.Read more