Patient's these days live and breathe technology. They are more confident than ever researching their own health needs via technology, from finding healthcare services to connecting with a health insurer to sharing experience with medications and treatments.
As their digital footprint grows, prescribers are also taking steps to improve communication with the patient, which provides a better patient experience and inspires trust. A recent study has suggested that more than two-thirds of patients prefer digital communications from the prescriber over offline communication.
In our previous article, we discussed how digital patient communication solutions boost trust. Here in this section, we have released an infographic which showcases The Social Impact Of Digital Prescriber Communications.
While we celebrate Cinco De Mayo for the victory the Mexican army had over France at the battle of Puebla, it's important to know of other historical moments that make May 5th a special day. Here are 5 facts throughout history on Cinco De Mayo to keep in mind while having that amazing margarita and tasteful Mexican food.
In any industry, the term "marketing” is always a key factor in determining the success of a business. In the pharmaceutical industry, whether the business is done B2B or B2C, a lot of data must be kept for executing successful campaigns.
While data is important, the last thing companies want to do is market their brand to people who want nothing to do with them. The question becomes, how do you know who’s interested?
Today, more people have access to the internet than ever before and the number is going to increase rapidly due to the advancement of digital transformation.
A report by Statista shows that the number of internet users worldwide was 3.58 billion in 2017. That number rose from 3.39 billion the previous year.
Due to the technological shift from last decade there is a significant change driving digital transformation in Life Sciences Industry. Life Sciences industry is always on the frontrunner in terms of Research and Development (R&D) spending, allocating nearly 15% of its total revenues to R&D. A recent report suggests that companies in the industry heavily invested in R&D in last decade which has produced a significant result. The pharmaceutical Research and Development was $142 billion in 2014 and it is predicted that the number to overcome $160 billion mark in 2020.
Advances in digital technology have brought in a transformation in the Life Science industry and are playing a defining role in product deployment. It has also changed the methodologies of medical treatments. Artificial Intelligence is set to provide treatments to patients with personalized medicine. The digital age is basically going to set the life science industry into new horizons and thus enhancing personalized care. This infographic highlights some ways in which technology can impact the life science industry.
With the advancement of technology and socio-economic changes in the last decade, the pharma sector has seen a dramatic change in the availability of health care and quality of care for the patients. A recent report by PwC shows that by 2020 the global pharmaceutical market will be about $1.6 trillion – the US leads all the countries at $339 billion currently and is expected to be a $425 billion market.
Anupam Nandwana | January 9, 2018
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Anupam Nandwana | March 8, 2018