PHARMACEUTICAL
The COVID-19 crisis has sparked a race among pharmaceutical companies and life science businesses to develop a new drug, as well as structural reforms in the life sciences sector, which now focuses on time-sensitive research, programs compliant with global regulatory frameworks, and future-ready business strategies.
The pharmaceutical industry is undergoing rapid supply chain changes. To keep up with these changes, pharmaceutical companies must adapt their business strategies to meet the new needs of patients and consumers.
Multiple factors are putting pressure on the global pharmaceutical system, including aging populations, rising chronic disease incidence, rising treatment costs, rising antimicrobial resistance, a growing need for innovation across all therapeutic areas, and increased regulatory scrutiny on products ranging from medical devices to biologics and beyond.
How we add value:
On the surface, the life sciences are solely concerned with science. While this is true, the industry is also shifting toward life services. Life sciences must improve productivity and streamline operations due to several factors, including the need for innovative and cost-effective medicines, increased transparency in the system, better access to information, and a stronger emphasis on value-for-money services. Companies must focus on improving the patient experience and promoting well-being to meet these demands.
The subject matter experts at The Expert Point are key differentiators in market research and competitive intelligence on various aspects of the pharmaceutical industry conducted by management consulting and market research firms. This includes surgical device markets, remote patient monitoring, artificial intelligence in medical diagnostics, and digital therapeutics amongst others.
What is the Procedure of our work?
We connect our clients with subject matter experts who help market research,private equity and advisory firms make strategic business decisions and invest in the right solutions so they can gain a competitive edge in the industry. From our Global Expert Network, we have a database of pharmaceutical specialists who bring in-depth and premium expertise from some of the industry’s top leading companies.
Whether your primary goal is to expand into new markets or to improve your current operations, our experts will guide you through today’s complex healthcare environment, guiding your decision-making and assisting you in achieving your goals. We assist them in improving patient care and meeting their strategic growth objectives.
Featured Insights
Pharma Market Research Drives The Growth for New Business Organizations in The Pharmaceutical Industry
In today’s highly competitive business landscape, the pharmaceutical industry presents unique challenges and opportunities.
CASE STUDY
Contract Management Services in the Pharmaceutical Sector
Client’s requirement:
A pharmaceutical firm, while acquiring a Biotech & Nanotechnology institute that creates medicines, wanted to understand the augmented demand and supply for the medicines, speculating the development of the R&D activities in the pharmaceutical sector. They needed to know how the increase in the number of contract development and manufacturing organizations could impact the regional and global pharmaceutical markets, mainly North America and Asia region. They wanted to know the impact on supply chain forces, drug discovery, and how the increase in the number of manufacturing organizations could affect the acquisition. Additionally, they were also interested to find out about the market segregation into high throughput screening, biochips, pharmacogenetics, nanotechnology, and spectroscopy.
Our Solution:
After completing a thorough literature search and examining the findings in detail, our research team identified the dominant players with the maximum market share in the industry. Understanding that the region of focus is Asia, the research team included subject matter experts who have worked with some of the leading Healthcare equipment companies,across the Asian region.We handpicked the experts from the Sales and Business Development domain and vetted them to ensure they can produce a detailed analysis outlining the state of the market for healthcare robotics. We scheduled an expert consultation where the client could engage in an exclusive discussion with the expert and also provided a complimentary recording and transcript of the call. This not only allowed the client to refer back to the discussion for future references but they can also share the recording and transcript with the rest of the team to make a difference. also included an examination of how Covid-19 virus affected the market and identified the key metrics limiting the market growth. The Expert Point experts were also able to identify the market penetration and how it would change over time, as well as the costs associated with this new technology.
Result:
The expert provided actionable insights during the discussion where the client could get a thorough understanding of the market opportunity, adoptions and penetration strategies and how it would change over time, as well as the costs associated with this new technology. The analysis helped to identify the distribution channels and distributors that would be suitable for reaching their target audience as well as identifying suppliers for the product’s components. Furthermore, the analysis provided useful insights into regional preferences and trends in medical technology, allowing them to establish a roadmap for expansion of their product line into various territories across the globe.