For years, pharmaceutical industries are trying to keep pace with the rapid speed of technology. Pharmaceutical industries are still unclear about how the new digital technologies are going to impact drug development and commercialization. Several industrial experts feel that emerging technologies such as AI and 3D printing will bring changes to the business models, operations, workforce, and cyber security. Recently, a new plasmonic sensor was developed by researchers to detect early cancer forms. Though, the healthcare sectors are slow in adapting to the innovation and technologies, they need to be more concerned and ensure that medications are safe to consume. So, here are the trends that are making an impact on the pharmaceutical industry in the near future.
3D Printed Drugs
3D printing starts with a computer-aided design of a digital model of the product. Think of a future, where taking a single tablet to cure the problem instead of taking numerous drugs several times a day while the patient is in multiple chronic conditions. By using 3D Printer, drugs can be produced in peculiar shapes, sizes and colors such as starfish, dinosaurs and many other interesting shapes in order to make the kids take pills happily and elder patients can easily swallow it. There is an issue in bringing pharmaceutical products to the market, due to strict regulatory requirement which are needed to adapt to the environment and accept printing as a method of manufacture. The ultimate goal is to make the drug creation process predictable, calculable, and thus safe from every regulatory point of view.
Digital Health “Around the Pill”
For decades, pharmaceutical industries are trying to offer something beyond traditional pills and drugs to bring effective changes to the patients. Instead of producing drugs and developing pills, a leading research team has proposed to bring a change to the medicine’s physical appearance itself. Also, one of the Pharmaceutical Companies from Japan is planning to involve a wearable monitoring device and an App, through which patients can receive positive feedback from their doctors and from the automated personalized feedback generated by the app itself.
Artificial Intelligence and Cognitive Computers
With the leading technology of artificial intelligence and cognitive computers, doctors can identify the disease present in the patients within seconds, instead of going through lots of experiment and tests for hours or days. Artificial intelligence can help in gathering the information related to the disease from a vast database in seconds. So, once the disease is identified, the drugs are supplied to treat the patient in a shorter period of time. Due to artificial intelligence involvement, time consumption and lots of money is saved from experiments and also, the price of the medicine reduces in the marketplace.
Virtual Reality (VR)
Nowadays, even the pharmacy industries are planning to invest on virtual reality to work against pain killers. Due to virtual reality, the patients suffering from stress, tension and pain are deflected elsewhere. As a patient with mental health problems, VR can help them fight possible fear of schizophrenia more successfully. Perhaps the pharma companies believe the future will be VR pharmacies with specialists prescribing the appropriate VR treatment to patients.
Nanotechnology
For over years, nanotechnology is developing to bring an impact to healthcare and in the field of genetic engineering. A lot of professionals from Pharma Industry hope that Nanotechnology is going to unleash breakthroughs in genetic engineering, medicine, diagnosis and in various types of dosage forms in pharmacy. German institute researchers came closer to realizing the vision in developing Nano robots in the form of swallowing pills or can be inserted into the blood stream to perform surgery and hopefully cure the diseases like breast cancer and heart surgery from within the body.
The Future of pharmaceutical industries can bring a great change to the environment with technology innovation. Though, adapting to the new technology in the healthcare sectors is a challenging firm. Pharmaceutical industries can’t rely on trial-and-error approaches to deal with existential risk for longer period of time anymore. Today, the necessity is to increase our investment in developing defensive technology. Many changes can be brought to people by pharmaceutical industry unless it generates a passion to compassionate with the developing technologies.
Technologies that will Impact the Pharmaceutical Companies in the Near Future
