The pharmaceuticals industry has witnessed a tremendous boom in funding for drug research and development. Stringent safety regulations implemented by regulatory authorities in order to avoid the delivery of sub-optimal products is expected to favour the development of quality drugs. Pricing controls set up by various governments are anticipated to impact pharmaceutical companies. Drug discovery and commercialization are expected to be positively influenced by the Internet of Things (IoT), artificial intelligence, robotics, and machine learning. Pharmaceutical companies have taken up several strategic initiatives concerning product launches (speed of treatment, quality, lower side effects, etc) and patient access strategies to ensure a competitive position in the market.
- Drug Research & Development
- Oncology Pharmaceuticals