The pharmaceutical industry is transforming at each level today. While technology has already been playing a prominent role in research and development (R&D), it is progressively having a greater influence in other divisions as well, such as marketing, sales, and distribution. From the increasing patient involvement to the opening up of wholly new fields of pharmaceuticals, the industry is witnessing an era of technological transformation. Bridging the gap between information and operational technology is going to be the key for pharmaceutical companies to excel in the coming years.
The pharmaceutical companies have already started leveraging artificial intelligence (AI) to identify the most suitable drugs for certain conditions. It will take only seconds to see the effect of thousands of drugs on billions of simulations of the human body’s physiology, significantly cutting down on the costs. The increasing adoption of precision medicine, the growing importance of big data, and declining hardware costs are some of the factors that are propelling the adoption of AI in the industry. Interestingly, adopting the trend from other industries, pharmaceutical companies have increasingly started to offer a complete package along with their products. This “around the pill” digital offerings include digital health apps, devices, and other services that could be bundled with the prescriptions.
Notably, 3D printing is another technology that is gaining popularity in the pharmaceutical sector. Since the first pharmaceutical was 3-D printed in 2015, it has been touted to have the potential to transform how the pharmaceutical supply chain operates. For instance, research and trials are rapidly progressing to print pills in fun shapes for kids, making it easier to consume. A lot of pharmaceutical research is also being done on personalisation and precision of medicine, which aims to discover how to target medication more efficiently.
At this juncture, there is a variety of pharma tech solution and service providers available in the market that caters to the different needs of the pharmaceutical companies. To help them choose the solution that best fits their requirement, Pharma Tech Outlook has compiled the list of the top 10 pharma tech solution and service providers. The enlisted solution and service providers are the frontrunners in the market that provide a wide span of features. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you Pharma Tech Outlook’s, “Top 10 Pharma Tech Companies in Germany – 2020.”