CLOSE

Specials

I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

Skip to: Curated Story Group 1
lifesciencesreview
US
EUROPE
APAC
CANADA
  • US
    • US
    • EUROPE
    • APAC
    • CANADA
    • LATAM
  • Home
  • Contributors
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • Magazine
×
#

Life Science Review Weekly Brief

Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Life Science Review

Subscribe

loading

Thank you for Subscribing to Life Science Review Weekly Brief

  • Home
  • News

Recommended picks

Advantages of Using Monoclonal Antibodies

Advantages of Using Monoclonal...

A Brief Overview Of Green Biotechnology Tools And Applications

A Brief Overview Of Green...

Key Advantages of Agtech in Farming

Key Advantages of Agtech in Farming

Nanotechnologys Impact on Environment: What to Know

Nanotechnologys Impact on...

How Automation in Pharmaceutical is Giving a New Direction to Drug Development

How Automation in Pharmaceutical is...

Ways Health Economics and Outcomes Research can Improve Decision Making Process

Ways Health Economics and Outcomes...

Top Agtech Industry Trends to Keep an Eye on

Top Agtech Industry Trends to Keep an...

Strategies to Mitigate Life Sciences Supply Chain Challenges

Strategies to Mitigate Life Sciences...

Advantages of Using Monoclonal Antibodies

Advantages of Using Monoclonal...

A Brief Overview Of Green Biotechnology Tools And Applications

A Brief Overview Of Green...

Key Advantages of Agtech in Farming

Key Advantages of Agtech in Farming

Nanotechnologys Impact on Environment: What to Know

Nanotechnologys Impact on...

How Automation in Pharmaceutical is Giving a New Direction to Drug Development

How Automation in Pharmaceutical is...

Ways Health Economics and Outcomes Research can Improve Decision Making Process

Ways Health Economics and Outcomes...

Top Agtech Industry Trends to Keep an Eye on

Top Agtech Industry Trends to Keep an...

Strategies to Mitigate Life Sciences Supply Chain Challenges

Strategies to Mitigate Life Sciences...

Top 6 Trends in Life Sciences Industry

Life Sciences Review | Tuesday, August 25, 2020
Tweet

The life sciences sector has a significant impact in many fields and encourages companies to change their product development process.


Fremont, CA: The life sciences sector consists of companies engaged in biotechnology, environmental, pharmaceuticals, life systems technologies, biomedical devices, nutraceuticals, biomedical technologies, and cosmeceuticals. It generally refers to the organizations that are devoting themselves to research and development, commercialization, and technology transfer in these areas. Like any other field, life sciences will have a significant impact on all of these industries, and this will encourage companies to change the methods of developing and commercializing their products. Thus, companies will be embracing new ways to enhance operational efficiency – but revolutionizing the pharmaceutical supply chain or using artificial intelligence. However, one thing that is essential to bring change is to develop partnerships that are innovative, relationship-driven, and creating value for patients. Companies must remain updated on the latest changes in the industry trends as well in order to succeed.


Here are the top six trends that will revolutionize the life sciences industry.


1. Regulatory Automation


To keep abreast of the new tech developments, life sciences companies will have to automate drug evaluation to avoid delays and discrepancies.


Check Out This : METALS & MINING Review


2.  Automating Content Management


Paper was the primary source for documenting medical and life science aspects due to auditing and regulatory requirements. 


 


But the trend now is to use automated content management systems as it’s more secure. 


3. Standardization


After they started to modernize their applications last year to adopt new technologies and boost patient engagement, life sciences businesses are expected to move forward this year to standardize their business model.


4. Compliance management technology


As they are spreading their business into new markets with new target audiences across the globe, life sciences companies are expected shortly to turn, more and more, to machines for unifying information management ─ a procedure that will result in additional automating for their processes of global compliance. 


5. Internet of Things (IoT) technologies


To ride the innovation wave, life sciences businesses will concentrate more efforts on integrating their systems with the latest Internet of Things (IoT) technologies, such as wearable medical devices and remote patient monitoring systems.


6.  Augmented Reality


The near future will witness a considerable increase in life sciences companies’ utilization of augmented reality technology to boost the knowledge transfer processes vitally required to master patient care. 


See also: Top AR/VR based Application for Healthcare Industry


Weekly Brief

loading
Towards a New World Order
> <
  • Regulatory Services 2023

    Top Vendors

    Current Issue
  • Clinical Lab Equipment 2023

    Top Vendors

    Current Issue
  • Regulatory Services 2023

    Top Vendors

    Current Issue
  • Clinical Lab Equipment 2023

    Top Vendors

    Current Issue

Read Also

Prophesying DNA Sequencing for 2023

Crucial Workflows of Next-Generation Sequencing

An Overview of Next-Generation Sequencing

The Role of AI in Accurate Medical Writing

Patrik Renblad to Join Cantargia as Chief Financial Officer

Overview of the Life Sciences BPO Market

Dr. Zamaneh Mikhak Joins TFF Pharmaceutical as the New Chief Medical Officer

The Significance of AI in Medical Writing

Loading...

Copyright © 2023 Life Sciences Review . All rights reserved. |  Subscribe |  About Us follow on linkedin

This content is copyright protected

However, if you would like to share the information in this article, you may use the link below:

https://www.lifesciencesreview.com/news/top-6-trends-in-life-sciences-industry-nwid-72.html