Uploaded on Jan 19, 2021
Life sciences industry includes all the businesses, companies, and research institutions, which aim at improving the life of living beings. Some of the branches of life sciences industry which are well known include biotechnology, pharmaceutical, biomedicine, cell biology, and others. Hence, any part of science that is connected with research and improvement of humans, animals, and plants is considered under life sciences industry. As this industry directly deals with the health of living beings, it is considered of utmost importance in day to day life.
Emerging Life Sciences Industry Trends in 2021 File
Emerging Life Sciences Industry Trends in 2021 |
Emerging Life Sciences
Industry Trends in 2021
Emerging Life Sciences Industry Trends in 2021
Life sciences industry includes all the businesses, companies, and research institutions, which aim at
improving the life of living beings. Some of the branches of life sciences industry which are well
known include biotechnology, pharmaceutical, biomedicine, cell biology, and others. Hence, any part
of science that is connected with research and improvement of humans, animals, and plants is
considered under life scienc es industry. As this industry directly deals with the health of living beings,
it is considered of utmost importance in day to day life.
Every year there are different discoveries in the life science industry. These trends change each year
with new inventions, changes, and research. The last year was full of revelations for life sciences
industry.
Telehealth & mHealth expected to experience growth
along with rapid adoption of healthcare apps, wearable
& sensors
Telehealth is the utilization of digital information and communication technologies such as computers
and mobile devices to access and deliver healthcare services remotely. Similarly, mHealth is defined as
the use of mobile phones to deliver preventive healthcare services. The use of smartphones and other
communication technologies is experiencing growth across the world. Furthermore, the general public is
now more concerned with overall wellbeing. Maintaining fitness is now a major trend among the public.
This has led to adoption of healthcare apps. Similarly, awareness about chronic disease which needs
management at home has also led to adoption of apps, which allow the management of symptoms.
These apps also store daily readings which can then be sent as a medical professional for further
intervention. Similarly, wearable devices such as fitness bands are also becoming increasingly popular
as these are easier to use and can be connected to mobiles to track various fitness factors
Telehealth & mHealth expected to experience growth
along with rapid adoption of healthcare apps,
wearable & sensors
In the last year, telehealth was being used as a measure out of necessity due to lockdowns. However,
this adoption is expected to continue in 2021 due to its ease of use. Furthermore, the option to
manage chronic disease at home is also expected to drive the growth in the year 2021.
Read More@ https://
www.alliedmarketresearch.com/covid-19-diagnostics-market-A06114
Big data & artificial intelligence is expected to gain
increased awareness to reduce clinical burden and conduct
predictive analysis
Big data is an emerging technology and is beneficial for various industries. It is also utilized in healthcare
for broad range of functions. For instance, when utilized correctly, this novel technology can provide
healthcare companies the information needed to streamline customer service processes which is beneficial in
personalizing healthcare. Thus, this emerging field is explored in the healthcare sector and hence the
adoption is expected to grow making it an important trend in 2021. Furthermore, the pandemic wave last
year has changed the approach of healthcare services. The hospitals and clinics witnessed a shortage of
healthcare staff which has led to a need of better management of clinical burden. Hence, novel technologies
such as artificial intelligence (AI) electronic healthcare record (EHR) are being explored which can mitigate
clinical burden and enhance the EHR documentation. In addition, AI healthcare settings will be able to
predict the length of a patient’s stay which can lead to reduced costs, rescheduling flexibility, prioritizing at-
risk patients and others. Mostly, AI can also help healthcare organizations to provide value-based care.
Thus, increase in the use of big data and AI in healthcare is an important factor to watch in 2021.
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Acceleration in use of genome editing
Genome editing is the ability of making highly precise changes in the DNA sequence of a living
organism which leads to customization of its genetic makeup. Thus, this enables the
influencing of traits which are very specific that get inherited in new living cells. Furthermore,
advanced techniques such as clustered regularly interspaced short palindromic repeats
(CRISPR) can be used to manipulate the desired traits. For instance, CRISPR is making
advances in treatment of cancer and other lethal diseases. Hence, 2021 could witness the use
of CRISPR in the field of precision medicine which in itself is rapidly evolving with time. Thus,
this is expected to lead to formulation of customized drugs, which will match the genetic
makeup of the patient. This in turn can help in eliminating side effects and making the drugs
more effective.
Point-of-care testing for infectious diseases will experience
changes
In vitro diagnostics (IVD) are used frequently in the healthcare sector. These are available in
form of kits and reagents, which are used to test samples collected from patients such as blood,
urine, and tissues. These products lay foundation to diagnosis of various medical ailments such
as infectious diseases, cancer, cardiac diseases, and immune system disorders. In addition, the
current models of IVD testing in healthcare settings are failing to meet high demand. Thus, with
2021, alternate testing sites could be seen around. These alternatives will include pharmacies
that will offer IVD testing at their settings. Some of the major pharmacy chains have already
started building the infrastructure to offer IVD testing at their locations. Thus, this would
completely redesign the structure of IVD testing across the globe.
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