Technologies That Will Reshape the Pharmaceutical Sector in 2023
Factors such as the pandemic, inflation, new therapeutic modalities, or recent ways of working are causing pharmaceutical companies to rethink their operations strategies regarding sourcing, manufacturing, or supply chain.
Along with the healthcare sector, the pharmaceutical industry is witnessing a major digital transformation thanks to AI, blockchain, big data, and data science developments.
The industry is facing many challenging requests that will be addressed through technological advancements. We review the technology trends that are going to redefine the pharmaceutical sector!
Pharma Tech Trends
Artificial Intelligence
It is a technology present in virtually every industry when it comes to future trends. AI helps in drug discovery and manufacturing processes, as well as addressing challenges such as automation, process optimization, and the design of marketing plans or launches.
Patient identification is crucial in drug discovery and development, especially during clinical trials. Applying AI simplifies the identification of qualification requirements, resulting in a faster and less costly process.
Genetic Editing
Gene editing is crucial for pharmaceutical development; through technology, gene editing involving specific RNA to guide an endonuclease to a selected sequence to be edited is enabled.
This simplifies the process of removing, adding, or modifying genes in a much simpler way. It is a scalable method, so researchers can look at many genes quickly. This translates into numerous advantages in direct repair (as opposed to current gene therapies that rely on additional gene copies), leading to accelerated drug discovery.
Big Data Analysis
The pharmaceutical industry needs a system that analyzes massive amounts of data created during the discovery process and during drug development.
Therefore, the growth of analytical tools is transforming companies’ historical and real-time data into significant assets for predictive, diagnostic, prescriptive, and descriptive analytics. In fact, they can be applied to all types of medical data, such as patient records, images, or reports.
Biotechnology Systems
Biotechnology systems open up a new paradigm for understanding the interrelationships between networks of biological processes. They are based on a technical procedure that allows data to be evaluated on a much larger scale and completely changes the way biological and biotechnological research is conducted.
Applications range from building bioprocesses for producing pharmaceuticals, commodities, and fine chemicals to manufacturing fuels, polymers, and other materials. As a result, successful industrial biotechnology can be established and grow exponentially.
Bioprinting
Clinical trials are one of the most important tasks in the pharmaceutical industry. Now companies evaluate the safety and efficacy of a drug in living individuals, but thanks to bioprinting, this can change.
Bioprinting uses procedures comparable to 3D printing and can manufacture human organs or replicate tissues. The method combines cells, growth factors, and other biomaterials to form a mesh-like structure. This makes it possible to observe how they react to new treatments and therapies in the same way as the human body would.
Blockchain
Blockchain technology is crucial for the pharmaceutical industry’s drug production and distribution stages. It can modernize the industry by introducing three fundamental elements: privacy, transparency, and traceability.
It can be used to facilitate access to medical records, improve the supply chain, accredit suppliers, track drug pricing strategies, etc. In fact, there is another use case approach where blockchain has a lot to say in the industry: tracking counterfeit or substandard drugs that can harm people.
Technology is transforming and reshaping the pharmaceutical sector, whether in the areas of operations and research or healthcare. That is why it is so important to integrate a multidimensional approach to drive growth, initiate new changes, and achieve better products and solutions. Plain Concepts can help you achieve this – contact us!
