Disruptive Technologies and Emerging Trends Drive Life Science Transformation
New business models and behavioural shifts create opportunities for growth, says Frost & Sullivan Global Transformational Health Team
MOUNTAIN VIEW, California, June 7, 2016 /PRNewswire/ -- Across Life Sciences, disruptive technologies and behavioural shifts are driving the transformation of business models, while emerging trends are creating growth opportunities throughout the industry. To take advantage of these opportunities and maintain a competitive advantage, companies must fully understand areas outside their expertise. Corporations failing to capitalize on opportunities will be late entrants to a market and lose out on the market share.
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New analysis from Frost & Sullivan, 2016 Global Life Sciences Predictions (http://utm.io/256547), finds disruptive technologies and emerging trends will create growth opportunities for research tools, clinical diagnostics and pharmaceuticals.
If you are interested in more information, please contact Kayla Belcher, Corporate Communications, at kayla.belcher@frost.com.
Through growth opportunities, the Life Sciences industry will experience:
- Lucrative merger and acquisition opportunities in the Molecular Point of Care Testing (POCT) market
- Explosive growth in the Immunotherapies market
- A rapid adoption of CRISPR/Cas9 technologies
- Better defined regulatory pathways that will boost the Biosimilars Market
- A hybrid of business models for business intelligence embedded in clinical trials
"Emerging business models, such as Precision Medicine, NGS Informatics Tools & Services and Contract Development and Manufacturing Organization (CDMO) have enabled a paradigm shift from broad therapies to targeted therapies, transforming the clinical practice and treatment outcomes," said Frost & Sullivan Transformational Health Research Manager Sangeetha Prabakaran. "A better understanding of disease heterogeneity and identification of novel targets will foster collaboration between pharmaceutical companies, diagnostic manufacturers, payers and providers to develop new products and services."
Furthermore, the Life Sciences industry is expected to advance with the integration of multi-disciplinary capabilities in biology, chemistry and computational power, which a company can leverage to develop new solutions to treat complex diseases. This will create new growth opportunities, enabling companies to maximize product quality at the lowest cost.
"Shifting payment business models will determine who pays for healthcare services; it will be challenging to monetize innovative therapeutics, biosimilars and molecular diagnostics to align with value-based care models," noted Frost & Sullivan Transformational Health Global Vice President Nitin Naik.
For future endeavours, CEOs should closely watch companies Foundation Medicine and Rain Dance Technologies; research tools companies Eagle Genomics and DNA Nexus; pharmaceutical companies Actavis and Innovio; and CDMOs Patheon and Catalent.
Survive and Thrive in an Unpredictable Future! Schedule a Growth Strategy Dialog with the Life Sciences Global Team to discuss your strategic growth development and discover growth opportunities impacting your business, here: http://ww2.frost.com/consulting/.
2016 Global Life Sciences Predictions is part of the Life Sciences Growth Partnership Service program. Frost & Sullivan's related studies include: 2015 Global Laboratory Product Purchasing Trends, Industry Financial Review of the Global Laboratory Research Tools Market, United States Liquid Handling Market, and Global Next-generation Sequencing Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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2016 Global Life Sciences Predictions
Contact:
Kayla Belcher
Corporate Communications – North America
P: 210.247.2450
F: 210.348.1003
E: kayla.belcher@frost.com
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