The introduction of several technologies and innovations have brought some vital changes in various industries. And the Pharma is not unimpaired of these transformations. The research and development (R&D) sector in pharmaceuticals has seen some transformations and will see many others in the next decade. It has resulted in providing cheaper and consumer-oriented medicines & medical equipment benefiting both the consumers and stakeholders. The upcoming or in-progress transformations or trends are gonna change the future of the pharma industry. Some of which we have mentioned below:
Top 5 Trends Shaping the Future of the Pharma Industry:
- Use of Artificial Intelligence:
Artificial intelligence will totally change the way of developing medicines. There is gonna be a time where humans and animals will not be needed anymore for medicinal trials. Various biotechnological and genomic research will be conducted through specialized computers and programs. Analyzing and observing the results of a medicinal drug will be quick. Usually, where it takes 6 to 8 months to observe the consequences through human testing, the researchers will be able to get that within a few seconds or minutes.
- 3D Printing:
That day is not so far when 3D printed medicines will be available to cure disease. Actually, it has already happened in 2015, where a medicinal drug was 3D printed successfully which was truly effective. Also, there is an R&D going on at the University College of London, where they are trying to make pills 3D-printed in the shapes of playful characters for kids.
- Augmented Reality (AR) & Virtual Reality (VR)
Some pharmaceutical companies are working on an AR-based technology to make patients more aware of the effects and use of their medicines just by looking at the prescription and description printed on drugs through it. Through VR technology, the possibilities of remote treatment are being researched with 100% accuracy. The remote treatment or virtual treatment will be primarily done for normal disease and pain but not applicable for fatal diseases.
- Body Sensors
There are body sensors that have been already developed and are under the testing process. These sensors are either gonna install on or inside the human body to track & monitor the regular health of a patient. If some unwanted thing is diagnosed, it will send a message to the doctor or caretaker of that patient.
There is one sensor that is currently being used inside the pills and capsules to monitor the digestion and effects of that medicine inside the human body. These sensors are named digestible sensors.
- Precision Medicines
The precision medicines are being developed with an idea that each drug responds slightly different to various human bodies. The concept of precision medicines is to consider each patient individually. One use of the digestible sensor, mentioned above, is also to collect this data and help the pharmacist to develop the most suitable medicine for individual patients. You are thinking that it’s going to be very complicated! Right! That’s where the 3D-Printed medicines can be used.