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Pharma Tech Outlook | Thursday, May 19, 2022
In addition to big data and analytics, more than a third of pharma startups are developing software solutions for the sector, which is driving new trends.
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Fremont, CA: The pharmaceutical sector is undergoing a significant transformation. Due to the emergence of various technologies, the industry, which has been slow to adopt technology in the past, is currently undergoing fast change. Among the most noteworthy pharma sector trends include artificial intelligence (AI), additive manufacturing, blockchain, and other Industry 4.0 technologies. More investments, the growth of technology startups, the expiration of multiple significant patents, increasing inter-organizational alliances, and a favorable regulatory environment boost pharmaceutical innovation.
Trends in pharma manufacturing:
Flexible production
The pharmaceutical industry is experimenting with innovative manufacturing methods, such as small batches for precision medicine, as a result of evolving market dynamics. Single-use bioreactors are also gaining popularity as a way to cut down on downtime and boost productivity. This is accomplished by obviating the need for sophisticated activities such as cleaning and validation between production phases. The growing focus on biopharmaceuticals has led to the development of new types of bioreactor systems and continuous manufacturing techniques. Continuous manufacturing reduces energy consumption, increases productivity, and reduces waste, in addition to reducing downtime.
Precision medicine
Precision medicine is based on the concept of treating each patient individually. New insights into how the human body responds to medications are being gained thanks to advances in omic and data analysis. Personalized medicine is becoming a reality because of this information and modern manufacturing processes like additive manufacturing. Drug exposure models calculate the pharmacokinetic and pharmacodynamic features of medications to determine the correct dosage depending on age, sex, comorbidities, and other clinical factors.
Extended reality (XR)
Visualizations have never been easier, thanks to mixed reality (MR), virtual reality (VR), and augmented reality (AR). Extended reality technologies are being investigated by pharmaceutical entrepreneurs in the research and manufacturing fields. Extended reality solutions allow research teams to engage in data-rich and meaningful real-time location-agonistic interaction. Extended reality wearables and tools are helping startups bring human augmentation to the pharmaceutical industry.
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