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Research Outline
Prepared for Simone P. | Delivered January 31, 2020
Life Sciences, Cyber Security, and Homeland Security Industries
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Goals
For the life sciences, cyber security, and homeland security industries, describe their landscape, trends, drivers, barriers, and insights in order to inform a communications brief.
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Early Findings
Life Sciences Industry
Landscape
Deloitte's
2020 US and Global Life sciences Outlook
suggests that biopharma and
m
e
d
t
e
c
h
organizations will be looking for new ways to create value and new metrics in order to take advantage of today's wealth of data.
The
automation
of mundane tasks and the integration of
artificial intelligence
(AI) are creating new talent models and making drug discovery and development more innovative, cost-effective, and time-effective.
Trends
Linchpin SEO, a
marketing and web design agency
, predicts that some
top trends
in the Life Sciences industry in 2020 will be personalized medicine through advancements in genetics; collaborative innovation of various life sciences companies; and increased digitalized assessment, diagnosis, and treatment of patients.
Peter Soelkner,
Managing Director at Vetter, asserts that some key market trends include the increasing use of personalized medicines and the growth of parenteral drugs.
Drivers
Objective Capital, an
investment banking firm
, predicts that
drivers of growth
in the industry will be novel therapies that address unmet needs and increased access to medicines around the world, as a result of new pricing policies.
The pressure to reduce price, increase transparency, and provide evidence of value and outcomes, on the other hand, are
spurring change
in the commercial healthcare sector.
Barriers
In the US, pharmaceutical companies face
substantial barriers to entry
, like difficult in achieving Food and Drug Administration approval, high research and development costs, and intellectual property challenges.
On average, it costs
$2.8 billion
for a pharmaceutical company to bring a new drug to market and the process can last up to
10 years
.
Insights
In the US,
Boston and San Francisco
thrive as the top centers of talent and innovation in the industry.
Proprietary Research Available
We also found some proprietary research that may interest you:
Global Life Sciences Industry Outlook, 2018
by Frost & Sullivan ($4,950)
2019 Predictions of the Global Life Sciences Industry
by Frost & Sullivan ($1,500)
Cyber Security: North American Markets
by BCC Research ($3,950)
Global Cyber Security Market: Size, Trends and Forecasts (2019-2023)
by Daedal Research ($2,200)
If you'd like us to purchase this report on your behalf, just let us know!
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