The Future of Pharma: Top 6 Trends Impacting the Pharmaceutical Industry - The Medical Futurist
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- Опубликовано: 3 окт 2024
- Find out how technologies are shaping the pharmaceutical industry and the future of pharma: leanpub.com/th...
The future of the pharmaceutical industry looks uncertain. There could be a world entirely without pharma in the future. Innovative startups and preventive healthcare are slowly but surely crushing the demand for pills, which is all that the industry is selling now. Pharmaceuticals must change their ways, or they will vanish. Here is how.
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We should have been without phama industry long time ago great one bro
It's not as easy as you say there are lot of regulations to be approved by the FDA
Great Channel :D I think the 3D Printing of medicine might allow the return of more compounding areas for in-house production within the healthcare facilities again.
+R. Lasam Many thanks! I agree, it will bring end-products to the end-customers without third parties which has its own ethical issues.
Great video, it certainly made me think. I personally don't think Big Pharma will change their business model too soon - despite all these innovations - because the latter is regulated by FDA/EMA. Even today, such regulatory institutions are very stiff regarding the type of data they want in order to approve new drugs and that data needs huge investments, hence mammoth companies.
+Anca Ioviţă Thank you, Anca! How about these visions? medicalfuturist.com/2016/01/12/the-future-of-the-fda-and-drug-regulations-2/
That article is great, but here is the pet-peeve: the FDA doesn't regulate patients. And all those measures can be initiated by patients, because they are non-invasive and/or wearable and/or apps. The industry would progress much faster when patients could have those options for innovative therapies which go far beyond dietary supplements and health data. Currently, they theoretically have it if they are terminally ill AND IF they have access to such therapies, including a knowledgeable and willing physician to connect the dots. But the process of approving such therapies even while terminally ill is still fraught with bureaucracy, probably because companies could take advantage of these people and many of them are already resigned about their death. Are direct to consumer genetic sequencing services still available? That would have been a great step forward.
What do you think about the potential steps or actions that could really change this status quo?
+The Medical Futurist Right now launching a medical product is big business. Serious venture capital is needed. Some expenses can't be dropped - like clinical trials.
But the cheaper the supporting technology gets, the easier it will become to start such a business. And that is when innovation will be exponential. Potential technologies that must get cheaper and/or open source: DNA sequencing, RNA and protein expression detecting, lab supplies that could be rented on demand - locally or globally -, open source software for genetic engineering (something already exists here) or chemical drug design, cheap bioreactors.
Regulators could drop the prices of patents - right now in EU at least the prices range around a couple of thousand of euros. Prices must drop for getting authorized to start clinical trials too so that start-ups could have a chance for competing as well.
And things would be much easier if society wouldn't punish providers that deliver extremely useful products or services - making a fortune from entertainment seems acceptable, but making a fortune from selling medical drugs seems to rub most people the wrong way. Hence the myriad of conspiration theories against drugs that work and which took a lot of sweat and cash equity to bring to patients. If this would change, people could start crowdfunding medical projects at least equally to what they fund video games and movies.
+Anca Ioviţă Thank you for sharing your views!
So how would you recommend that pharma companies can thrive in this era?
I've written about it extensively: medicalfuturist.com/category/blog/treatment-innovation/future-of-pharma/
Monopolize the market through government regulations. Push only the drugs you have patented. Get people addicted to opioids. Collude with governments to mandate vaccines. The possibilities are endless for human filth!
What is the role of Mechanical Engineer in pharma industry
Thanks for information
Any time!
Sir please add subtitles in English ... regards from India
How come you did not include Gene editing?
Great job The Medical Futurist !!!!
Thank you!
Thanks for giving great information about future pharma trends
Hello sir, I am a doctor by Profession and i have been trying to reach you ever since i saw this channel.
Not able to reach your site
I can tell ya that the more information thay is out may improve the outcomes for patient. However, the industry may face a downward spiral due to automated robots in the preparation or dispensing of drugs. They may use some pharmacist to counsel patient about medication but that ia become automated as well.
Sir, Is pharma mba is worth to do it.
Hmu if you need pills supply.
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The only thing I'm worried about are the body sensors. Since your whole molecular build-up will be known, you will immediately know if you have an incurable disease or a great chance of developing a disease. This is without the insurance companies demanding this fingerprint of your body to apply for an insurance, and getting rejected by not being a genetically healthy person. Other than that I really enjoyed the video, very interesting!
Every individual should be able to make such decisions themselves.
I think we will see in the future how this will go! I'm dreading the fact that people will have negative consequences of their health insurance based on their DNA.
Sir what is placebo effect, is it real?
What will a career in pharma industry look like in 10 years? I have a daughter considering to study pharma. this tech disruption is worrying.
It's hard to answer such a wide question. The pharma industry involves about 10,000 types of different jobs if not more.
Thank you for the quick reply. with the ever increasing tech disruption, I am worried about what to study in college. perhaps everything will be disrupted by technology and we will not know what kind of jobs our kids will do then and what kind new jobs there will be.
I'm pretty sure there is no curriculum today that would prepare anyone for the job market in 20 years and I'm also sure your daughter would have several jobs in her career (skills, personal needs and the job market will change so much). So what I plan to do with my daughter is teaching her skills, perspectives and an attitude to be ready to change. I know it's wide but I see no better strategy today.
I think bio sensors wont be acceptable in the community
I hope to some extend the AI will replace doctors at least in diseases that are the most easy to recognize and treat - access to doctors is too limited.
Ur company becomes top list if u made vaccine or pills for celiac becoz it is increasung day by day
Do you have a date for your predictions to come true? 2050, 2250, 2500??
If its not imminent it is useless.
I see no practical reasoning in predicting for that long therefore I like to stick to scenarios happening in less than a decade.