5 Ways To Drive Rx With Pharma Cloud Computing

Pharma companies have begun to realize that to stay competitive, they can no longer afford to conduct their business with traditional methods. A one-size-fits-all sales strategy no longer works!

Pricing pressures brought on by a plethora of healthcare reforms, intensifying competition, and a hostile regulatory environment have all contributed to the industry’s shrinking revenues.

To further complicate the situation, access to physicians has been progressively getting worse, making it far more complicated for pharma sales teams to get in front of HCPs and educate them in the process.

Approximately 50 percent of HCPs say they can imagine a world without sales reps. – BlueNovius

Industry analysts have pointed out that success in this rapidly changing environment is closely linked to the availability of high-quality, trusted data. Data is crucial to making better decisions and getting closer to customers.

Getting the right data in the hands of a well-trained sales teams can drastically improve pharma sales performance exponentially.

Pharma executives of top companies agree that becoming data-driven is key to success and that in the next 10-20 years, the most successful companies will be experts in using digital technology.

Person using cloud technology on tablet.

Cloud-Based Technology Is Changing The World Of Pharma Sales

Cloud computing has been around approximately 20 years, and several industries have embraced it since the beginning. So, what exactly is cloud computing?

Cloud computing is technology where the software is not installed on individual desktops; instead, it’s hosted on a web-based server, offering on-demand software availability.

The pharma and biotech industries were among the first to adopt cloud-based capabilities to equip their sales force with digital technology.

Data shows that about 81 percent of biotech and pharma companies have adopted cloud mail and core applications. Another 60 percent have brought on sales and marketing, human resources, and other applications.

From a pharma company’s perspective, the biggest benefits of using cloud computing are:

  • Sales reps can increase their effectiveness by accessing shared data stored remotely.
  • Working in the cloud allows your sales team to make use of mobile e-detailing tools.

Research shows that going cloud-based is a sound business investment that’s likely to yield a considerable ROI.

According to a Dell report, companies that invest in cloud technology, digital technology, security solutions, and data analytics solutions have their revenue increased by up to 53 percent faster than competitors uninterested in these various forms of technology.

Besides the impressive ROI, cloud-based systems are particularly attractive to pharma companies as they don’t require a massive upfront cost with their pay-as-you-go set-up, reasonably low equipment, installation, and maintenance costs.

Business man using tablet using cloud technology.

5 Ways Pharma Companies Can Benefit From Cloud Computing Solutions

By creating an integrated digital strategy and by making data safe, sound, and widely accessible, you will help empower your sales team to make better business decisions.

When done correctly, going cloud-based enables you to achieve precisely that. Here are some of the ways cloud-based technology can help propel your business and drive Rx:

1. Providing Quality Analytics

The performance of pharma sales teams relies on a CRM system to manage its daily operations. It’s crucial to provide your sales team with an easy to learn and flexible CRM platform that gives access to all critical market data.

Cloud-based systems allow you to provide your sales team with access to smart reports and dashboards that offer actionable insights, call activity, and sales data that your team needs to make informed decisions in the field.

Old data frustrates pharma sales reps and relying on them leads to missed opportunities. Real-time reporting that combines information from various sources will ultimately result in cost reduction and an overall more productive sales force.

Advanced analytics on a laptop placed on a desk.

2. Simple and Easy to Use Platform

Having access to a CRM platform both online and offline carries major advantages. An offline platform enables pharma sales reps during their sales calls to capture real-time information and interactions.

Receiving ongoing data input is vital to accurate analytics. A cloud-based CRM solution can drastically simplify customer relationships and business processes, as long as it offers a user-friendly interface and ease of CRM management.

In today’s rapidly developing high-tech environment, the ability to provide feedback from within the CRM application is a must-have.

Choose a platform that has a modern feel and user-friendly design to help engage sales reps and entice them to use the functionalities to its full capacity.

Laptop open with coffee next to it with advanced analytics on the screen.

3. Integrated Application

Do you have a system in place that allows for the integration of all your sales and marketing campaigns in a single application? Once again, a cloud-based CRM serves as a robust sales and marketing tool.

By doing so, it acts as a hub, driving follow-up communications with customers based on specific needs. Focused segmentation is essential for achieving pharma sales growth.

Cloud-based platforms make information accessible to anyone, from anywhere at any time. This is huge, as data is gathered and analyzed from a single location, combining the efforts of the whole organization as a team.

Tablet open showing secure cloud technology secure network.

4. Engaged Sales Teams

Cloud-based or not, acceptance by your sales team is vital for success. If your pharma sales reps aren’t willing to start incorporating the new tools into their daily routine, even the best technology will be worthless.

So why not ask your field reps about their level of satisfaction with the existing CRM features and functionalities? Why not get them involved in the early stages and get them excited about the upcoming upgrade?

Just imagine how much more smooth the roll-out will be with most of your sales force already on-board.

Explain the benefits of your new system to your representative and stress how the advanced features will make their life easier.

The goal is for your sales reps to be able to manage their daily activities without ever having to connect to the internet and be able to perform tasks effortlessly through a simplified workflow logic.

A smart sales force effectiveness system is an excellent tool for increasing the level of your sales team skills.

Team meeting with two business men shaking hands.

5. Stellar Execution

Explain to your sales team how technological advancements, such as cloud computing can help them build quality and long-lasting relationships with their customers.

For example, with a cloud-based CRM, your sales reps can receive prompts to tailor the sales messaging based on their customers’ responses.

An effective way to encourage your sales reps to demonstrate new behaviors is by adding the new requirements to their KPIs.

For instance, cloud-based technologies enable you to track how consistent your sales reps are with successfully delivering tailored messages to their key prescribers.

Businessman drawing on a board showing the connectivity of cloud technology.

Investing in cloud computing benefits pharma companies in multiple ways including:

  • Increased sales productivity.
  • Additional in-depth insight into the performance of sales teams, which in turn can help sales management intervene when necessary and improve sales team performance much faster.
  • Enhances the ability to segment customers more accurately, resulting in tailored communication and more effective message delivery.

The 5 ways cloud computing solutions benefit your pharma company that we mentioned above are:

  1. Providing Quality Analytics
  2. Simple Platform to Use
  3. Integrated Application
  4. Engaged Sales teams
  5. Stellar Execution

Also, if you’re interested in our Cloud Computing solution build on Microsoft’s Azure platform, you can contact us for free below!

8 Ways Cloud Computing Supports Pharma Marketing Operations

Everyone in the pharmaceutical industry wants to enhance and personalize patient engagement while also lowering costs and reducing the risk of the unknown when it comes to breaking into a new market.

But, where do you even start?

By properly supporting your marketing operations from the ground up. That’s where the magic with cloud computing comes in.

According to a report by HIMSS analytics survey, over 83 percent of pharmaceutical companies are already using cloud technology. On top of that, MarketsandMarkets reported that in 2015, healthcare companies spent about $3.75 billion on cloud technology. That number is expected to grow to about $9.5 billion by 2020.

Until recently, cloud computing had held a negative stigma within the healthcare community as being easy to hack. So, why are all of these companies not only eager to use cloud technology but also investing a ton of money into it?

The answer is that cloud computing has made leaps and bounds over the last few years and offers a huge opportunity for pharmaceutical companies to boost their marketing prowess.

What is Cloud Computing and Why Does It Matter?

Before diving into how cloud computing can support your marketing operations, we first need to understand what Cloud Computing is.

Cloud computing helps businesses be more efficient and save on software and hardware costs that are essential for basic marketing operations. Specifically, in pharma, it helps companies meet HIPAA Compliance Requirements.

Cloud computing has various definitions that depend on how it’s being used. Companies can use cloud computing to enhance their marketing technology capacity without adding costly software, personnel, investing in training, or setting up new infrastructure.

There are different types of cloud computing as well as…

Examples of proven cloud platforms that can help your company are Synoptek and Microsoft Azure

So, How Can Cloud Computing Support Pharma Marketing Operations?

As a marketer in the pharmaceutical industry, having direct access to your marketing and audience data anytime, anywhere is critical to maintaining a strong marketing strategy and supporting each campaign from the ground up.

Cloud computing makes this easy in 8 simple ways:

1. Access to Multi-Device Support 

There’s an overabundance of data available in the pharma industry. In fact, the pharma industry generates petabytes of data every second via multiple data streams, like R&D and CRM systems. When it comes to leveraging this data, the biggest problem is not knowing where to store all this data and how to access it after the fact.

Cloud computing allows marketers to store important data in a global network that can be accessed from anywhere in the world and from any device.

This, in turn, allows marketers in the pharmaceutical industry to function more efficiently where they are, instead of having to be in the office to access specific data. Multi-Device support allows for the simple exchange of information and also helps promote clinical trial recruitment.

Physician filling out a form.

Patients, physicians, and caregivers are being informed and influenced by pharma sales reps in person, via mobile devices, internet, apps, and social media. Virtual care from any device and platform is what is becoming more common. 

Patients are already using portals to access their medical records and to contact their physicians. Apps are also being used to fill scripts and start conversations between patients with the same disease online. 

2. Direct Access to Tons of Patient-Data Instantly 

According to a 2013 survey by Accenture, 45% of Chief Marketing Officers want their marketing employees to control data and content without any intervention. 

This begins with the ability to access data on their own terms, wherever they are! 

With cloud technology, marketers can easily access and share relevant files from anywhere, which improves collaboration and communication between the team and clients. 

As mentioned above, patient data is pouring in from everywhere, including social media, apps, fitness wearables, and the internet. Cloud computing ensures that pharma companies will never have to worry about accessing that data because it will all be there for the taking. 

With patients being much less dependent on doctors and more self-reliant with controlling their health, the way data is gathered has changed over the years. 

“In a survey, more than 85 percent of patients said they were confident in their ability to take responsibility for their health and knew how to access online resources to help them do so.” 

The more that patients access devices to control their health, the more data that can be accessed by your company using cloud computing. 

Patient injured at table looking at laptop for treatment options.

3. Maximize Cost Efficiency 

Implementing cloud computing into your pharma marketing operations is much more affordable than traditional methods. This is because you won’t have to spend excessive amounts of money and time on infrastructure, software, and hardware. The cloud is already out there, ready and waiting for your data.

All you need to do to get started is to pay the initial sign up fee for the subscription services of your choice. (We recommend Azure Cloud Software)

While costs are reduced through cloud computing, process efficiencies are also increased. Cloud computing creates an open channel of communication which will result in faster decision-making and more streamlined patient engagement and market access processes.

Having this type of awareness in real-time makes your marketing operations much more efficient and gives decision-makers a clear perspective to make informed decisions.

4. Increased Security 

In the past, security was a major problem with cloud technology and was a primary reason why pharma companies would stay far from it. However, with time and recent technological advancements, security has become what may be the biggest benefit of transitioning to the cloud.

Now, multiple layers of security are added to critical business data such as patient data and the information necessary for your marketing operations. Some would think that cyber hackers might have the same access, but the cloud shuts that idea down quickly.

Image showing security.

The cloud is secure by encrypting data to be transmitted over networks and placed in specific databases. This encryption not only keeps potential outside threats like cyber hackers out but also prohibits access by internal team members who do not have authorized access to the data.

Data such as contacts, sales tracking, patient information, content, and strategies are all heavily protected by the cloud, ensuring that your marketing operations remain safe and secure.

5. Increased Mobility 

Let’s all be honest, we are living in a mobile world, and our phones are often used for much more than just making phone calls or texting.

No matter how your business operates in the industry, the field never sleeps. Through cloud computing, your marketing operations team can access relevant information anywhere.

Especially, when your team may:

  • Travel frequently
  • Work remotely
  • Be aiming for a better work-life balance

Maybe your team has had a crazy busy day at the office and hasn’t been able to address existing deadlines or work through new problems. With the cloud, anybody on your team can continue working while accessing all of the same files and data at home, as if they were still at the office.

Thus, remaining productive.

Woman on her laptop and taking notes at a table.

A vital part of a successful marketing strategy is making sure that it’s streamlined and your team is never behind. The robust benefits of cloud computing ensure that your pharma marketing operations are keeping up with the continuously changing and heavily competitive pharma market.

6. Improved Analytics 

As a marketer in the pharma industry, are you familiar with the patient journey? If not, then fully understanding it should be at the top of your priorities!

Learning how patients can be guided through the patient journey and how to successfully do so is a major key to streamlining your marketing operations.

Advanced cloud analytics can help track and better guide patients through their journey.

More importantly, analytics can also help marketers gain a clear understanding of what matters most to your audience.

That way, pharma marketers can put together helpful content that not only catches the eye of the patient but also helps them address any issues or questions they may be having.

Now, the question becomes, how do you know what visitors to your website are looking for without asking? The answer is with analytics.

Below is a simple visualization of an example of how analytics can better prepare you with decision making.

This example is very simple but very accurate.

Let’s say two visitors go on to Microsoft’s website. One is looking for an Xbox video game console, and the other is looking for the Surface Pro laptop.

Analytics through the cloud can track where these visitors have clicked, and it will be able to be seen which visitors is which, based on what they have done during their experience on the website. Thus, specific content can be created and served up to those patients to guide them further in the patient journey.

7. Improved Communication 

The pharmaceutical industry is extremely complex and requires a ton of pre-communication before any decision can be made.

Before patients, healthcare providers, hospitals, or third-party companies in pharma spend any amount of money for anything; they are going to need to know for sure that their problems will be solved with what they are buying.

This is done by having an effective customer service system. Through the cloud, BPaaS (Business Process as a Service_ customer service system makes sure communication is continuously flowing.

This can be done by:

  • Collecting customer/patient data
  • Flagging common problems
  • Categorizing client service histories
  • Quickly sharing, filtering, and pushing solutions across various channels

Having an effective BPaaS service system can be a major game-changer for your pharma marketing operations, and how efficiently it’s run when issues come up or customers just need to be more informed.

Physician meeting with sales rep discussing over a tablet.

8. Optimizing Digital Media Spend 

Besides being incredibly common as a daily activity in people’s everyday lives, social media is a key contributor for business to reach a larger audience.

The primary mover in the digital marketing world tends to be through sponsored posts and paid media. However, this also brings up more questions than it answers.

Like…

  • How much do you spend on these posts?
  • Where do you focus these posts geographically?
  • How do you know how much to divide your posts among all the platforms?

These are all questions that a cloud-based BPaaS can answer.

BPaaS can assist CMOs by managing their marketing strategy on social media to make better decisions for spending effectiveness and ROI based on campaigning on certain platforms.

When deciding which platforms to campaign on, the pharma industry does better on the following channels:

The pharmaceutical industry is incredibly complex and competitive. Cloud computing is something that can give your company the edge over your competition. It can especially be beneficial for your marketing operations.

Here are the 8 ways cloud computing supports your pharma marketing operations as we have covered in this article:

  • Access to Multi-Device Support
  • Direct Access to Tons of Patient-Data Instantly
  • Reduced Cost Efficiency
  • Increased Security
  • Increased Mobility
  • Improved Analytics
  • Improved Communication
  • Optimize Social Media Spend

These are key ways that cloud computing can benefit your company. As more parts of the business in the pharma industry become digital, cloud computing will only increase in value.

As a pharma marketer, here’s what cloud computing can do for you:

  • Feel less stress
  • Have more time for other tasks that need your attention
  • See actual results from the work you’ve done
  • Feel more confident going forward with streamlined marketing operations

If you have any other input or comments that wasn’t stated above, please feel free to let us know in the comments! Or, if you’d like to learn more about how cloud computing can help you grow your marketing and your company, please contact us today for a complimentary consultation below.

The Ultimate Pharma Patient Journey Mapping Guide for Marketers

Nearly 70 percent of Americans take at least one prescription drug, and more than 50 percent take two. That’s a staggering statistic, but few industries can touch the lives of that many people; transcending race, geographic location, socioeconomic status, or any other demographic that differentiates us.

However, traditionally, the people making these life-saving drugs have very little contact with the patients that actually use them. Outside of traditional television ads, pharmaceutical companies have been ineffective at communicating with their customers, before or after their initial interaction with the brand.

The fact is that patients typically rely on their doctor or nurse for advice or reassurance about the use of a certain drug or therapy, with little to no knowledge of who is actually making their recovery possible.

Now, the question is, can pharmaceutical companies join this circle of trust and become part of the patient journey? Absolutely! But, it takes a little hard work and a lot of listening and learning to genuinely understand the intricacies of pharma patient journey mapping.

Here’s a basic rundown of what the patient journey is and what pharma marketers need to know to get into the game.

First of All, What Is the Patient Journey?

The pharmaceutical patient journey is a representation of how the typical user, or patient, move through the healthcare system and interacts with each entity along the way.

For example; most patients begin their journey with the realization that something is not quite right and a trip to the doctor may be in order.

From there, the patient moves through their journey by interacting with their primary care physician, a specialist, pharmacists, and finally the product itself.

Optimizing how your company fits into this digital patient journey is an integral part of a smart pharmaceutical marketing plan and an amazing patient experience.

So, How Do You Streamline Digital Pharma Patient Journey Mapping for Best Results?

Define Your Goals

When it comes to pharma patient journey mapping, the first step is to nail down your goals, both in the short-term and long-term as it relates to your product and ideal patient.

The top three things to aim for with your patient journey optimization are Engagement, Advocacy, and Adherence.

Engagement: Every marketer worth their salt wants high engagement rates. It’s a simple fact of Marketing 101.

However, pharma marketing is a little different in that brand engagement also lends itself to healthier patient habits and eventually higher patient adherence rates.

Advocacy: Another standard goal of marketing, advocacy is a critical asset to pharma marketing and the pharma patient journey as a whole.

Advocacy means that your product and brand are making a genuine, positive impact on the health and well-being of your patients and they genuinely want to share that goodness with their friends and anyone else who will listen.

Adherence: This is a big one. One of the most significant problems facing healthcare and pharma today is the average patient treatment adherence.

Becoming part of the natural patient journey and providing relevant, valuable information along the way helps improve adherence by boosting trust.

These represent both the overall goals of your patient journey mapping and marketing efforts, but the overall goals of the individual product itself.

Settle on A Smart Digital Approach

The average consumer actively engages in thorough information gathering and comparison before making a decision, no matter how large or small. Whether they are searching for a new home, car, clothes, or cosmetics, most consumers turn to their smartphones to compare prices and reviews. Fortunately, the pharmaceutical patient journey is no different.

Research from the Pew Internet & American Life Project found that 80 percent of Internet users have searched for health-related topics online. That’s about 93 million Americans.

However, pharmaceutical companies are still relying on mass-media advertising, field sales teams, and localized physician advocates to present their products to uninformed consumers.

But, the fact is that most patients are anything but uninformed.

A quick google search of any condition, disease, or pharmaceutical treatment will return immediate results. Unfortunately, some of those results are less than flattering.

So, why can’t pharmaceutical companies be the source of the most reliable information for their patients? As the healthcare industry shifts to a more patient-centered approach, also affectionately known as pharma 3.0, patients are becoming more empowered.

They want to…

  • Gather all the available information.
  • Digest it.
  • Get advice or input from their peers.
  • Make their own informed decisions.

By being part of that patient journey from day one, through effective patient journey mapping, pharmaceutical companies can provide both the best care and create the most effective marketing strategy to promote Engagement, Advocacy, and Adherence.

Define the Ideal Customer Decision Journey

For years marketers have relied upon a generalized “sales funnel” approach to represent how customers move through the stages from product awareness to purchase.

However, the digital age has made this approach largely obsolete for the pharmaceutical industry. Instead, pharma marketers are now developing their strategies based on a theory called the “customer decision journey” or patient journey mapping.

Why?

Simply put, new technology has radically changed the way customers make purchasing decisions. In fact, researchers at McKinsey & Company identified some recurring factors of modern customer behavior that directly impact how decisions are made:

  • Customer loyalty is at an all-time low.
  • Consumers feel obligated to shop around, and technology makes it easy to do so.
  • Family, friends, and celebrities are big influencers.
  • Social media continuously reminds consumers that they have options.
  • Consumers trust reviews and recommendations that they read from strangers more than what companies or brands say.
  • This is a commoditized market, and every purchase is up for grabs.

Researchers concluded that the survey “shows us that brands need to win back the trust of consumers” and that process starts with understanding the patient journey.

Design Your CareFlow Exhibit

In the pharmaceutical industry, digital patient journey mapping is done by what pharma marketers call a CareFlow exhibit.

A properly optimized CareFlow exhibit tracks the patient journey from the first time the patient detects a problem, through their treatment and advocacy phases.

Your CareFlow must map the entire process as the patient does his or her research, consults with others, considers the cost of treatment, fills a prescription, has side effects, and ultimately decides to continue or stop treatment.

Each of these points is an opportunity for pharmaceutical companies to engage the patient by providing information, supporting their decision, or offering comfort measures.

Properly understanding and leveraging these opportunities is key to effective patient journey mapping and a strong marketing strategy moving forward.

Three Emerging Trends to Consider When Developing Your Patient Journey Map

There’s no doubt that the healthcare and pharmaceutical industry has undergone a digital transformation in recent years. With the advent of pharma 3.0 and the integration of strong social media platforms, pharma marketers must work even harder to stay in the game.

These recent emerging digital trends are reshaping patient care, and your understanding of them will directly impact how joining the digital transformation will keep your patient journey on the right track.

1. Outcome-Based Care

Insurers, as well as the government, have placed greater emphasis on patient-outcomes, forcing pharmaceutical companies to prove the tangible benefits of their products.

For example; digital health monitoring technology has enabled patients to wear sensors that collect and analyze data in real-time, monitoring their condition between visits to their doctor. This data directly demonstrates a drug’s effectiveness for that particular patient or scenario.

Person holding a smartphone while monitoring his/her digital health using a health app.

In the coming years, there’s no doubt that technology will be further integrated with prescriptions. Combining rich data analytics about activity, nutrition, and the human biological system will provide caregivers and physicians the opportunity to intervene early.

2. Patients Want Engagement

Patients are evaluating healthcare products and services themselves, without the input or knowledge of the brands. They are already using available portals to view medical information, fill prescriptions, and make appointments.

Digital engagement from pharma has limitless opportunities, including information sharing and trial recruitment. Do your part to inform and influence patients where they are spending their time, like via mobile apps and social media. Use those outlets to offer advice, answer questions and be the patient’s trusted advisor for all things pharma.

3. More information Is Always Available

Digital technology and online communities have paved the way for patients to gain access to information previously controlled by pharma companies.

Now, patients are searching for other patient experiences, ways to monitor a drug’s effectiveness, and any tips they can get their hands on to help them make the best decision possible for their health and well-being.

This is your chance to BE their go-to information source:

  • Use content marketing to publish research or case studies.
  • Maintain a blog on the latest developments, common questions, or tips to overcome side effects.
  • Use video to demonstrate how to effectively use certain products.
  • Host a live video and field ACTUAL patient questions on the fly.
  • Host online forums with experts that can answer questions about specific drugs.
  • Launch a public Facebook or LinkedIn group for support or information.
  • Initiate discussions on stigmatized topics, such as mental health.
  • Talk about the impact of diet and exercise on the efficacy of treatment.

Helping the patient feel like the pharmaceutical industry, and your company specifically, is a guide on their journey to better health, not just a drug manufacturer goes a long way in improving Engagement, Advocacy, and Adherence.

Brands across all industries are scrambling to keep up with an effective multi-channel marketing approach that yields true ROI. As a pharma company, think about smart digital patient journey mapping and focus on:

  • What are they looking for in their social spaces?
  • What are they asking and what responses are they getting?
  • How can you best answer those questions and establish trust?

Focusing on your patient instead of your drug provides valuable insight into how pharma decisions are made, effectively shaping your digital patient journey map and your marketing strategy.

According to Pharma’s Growing Opportunity in Patient Services survey, 95 percent of pharmaceutical companies said they would invest in patient engagement technologies by 2018.

Did you?

Respondents also said patient services will become the standard of therapeutic customer support, not a niche add-on. Is your pharmaceutical company keeping up with the shifting landscape?

Follow this simple guide to pharma patient journey mapping for marketers to ensure that your company is leveraging each potential opportunity in the patient journey to engage and educate your prescribers. If you would like to learn more, contact us today for free below!

7 Top Technology Trends Shaping the Future of the Pharma Industry

Every industry is changing at a more rapid pace. Products and services are becoming increasingly commercialized. Technology is playing a progressively bigger role in research and development, marketing and advertising, and sales and distribution.

The pharmaceutical sector is one that has felt this transformation in research and development over the past few years and will start to feel it in the other divisions over the next decade.

Here are a few of the trends that will shape the pharmaceutical industry over the next ten years:

Artificial Intelligence

It’s very likely that within the next decade, humans will no longer be pharmaceutical test subjects. Instead, cognitive computers will be used in biotechnology and genomic research.

Rather than it taking months to see the effect of a particular drug on thousands of people, it will take seconds to see the effect of thousands of drugs on billions of simulations of the human body’s physiology.

Artificial Intelligence

In fact, there’s already one supercomputer program, Atomwise. This program has been used for similar purposes. It has the ability to search through existing medicines that could be re-purposed to more effectively treat diseases.

This type of molecular structure search and analysis would normally take months, if not years. In 2015, Atomwise identified two drugs in less than 24 hours, that could reduce Ebola’s infectiousness.

Digitization of Medicine

Every company, in every industry, is coming to the realization that a product or service isn’t enough. A complete package must be offered and this package should be digitally friendly.

In the pharmaceutical industry, this trend is growing so quickly that there’s a name for it, ‘Around the pill’ digital offerings. These offerings include everything from digital health apps to services and devices that can be bundled with the prescription.

As this grows in popularity, it will prove to be a game-changer when it comes to pharmaceutical marketing and advertising, as well as distribution.

Body Sensors

Body sensors are a new technology that’s currently still in clinical trials. These sensors can either be placed on the body or inside of it. They measure various critical vital signs.

body-sensors

One sensor that’s already being used is a digestible sensor. These are sensors that are inside of the pill and track both the drug being digested and how well the drug is being absorbed into the body.

It has been seen to be especially effective in overseeing prescription adherence with schizophrenia, major depressive disorders, and bipolar I disorder.

3D-Printing

In 2015, the very first pharmaceutical was 3D-printed. As this manufacturing method gains popularity, it will likely completely transform how the pharmaceutical industry operates, in terms of its supply chain.

Hospitals and pharmacies could potentially print the pills that they need in-house in ten years’ time.

Additionally, the University College of London is testing ways to print pills in fun shapes for kids. Thus, making it easier for them to take and can make it a potential commercial goldmine.

For those B2B companies that are involved in the sales, sales operations, and marketing of pharmaceuticals, these new trends could open many doors in terms of new forms of revenue and profits.

Personalization and Precision of Medicine

Whole new fields of pharmaceuticals are opening up and over the next decade, will only continue to widen and gain significant depth. It’s becoming less expensive and more commercially available for patients with various illnesses to get precision medical treatment.

Therefore, more money is flowing into pharmaceutical research that aims to discover how to target medication more efficiently (e.g. how certain drugs could attack cancer cells and avoid attacking the other cells).

DNA Molecule

It’s also becoming more commercially viable for patients to work with companies like myDNA. This organization, and others like it, analyzes a patient’s DNA to identify which medications will be most effective for a specific treatment plan.

It’s likely that over the coming years, rather than medications being manufactured for millions of people with an “average” or “median” DNA and molecular makeup in mind, medicines and their dosages will become unique to every patient.

AR and VR

Augmented reality is slowly creeping into every aspect of our lives, and that includes pharmaceuticals. Some pharmaceutical companies are looking at allowing patients to better connect with their prescriptions by translating the descriptions on the bottle into 3D.

Instead of having to read along, and a nearly indecipherable pamphlet on how the drug works, patients could be much more engaged with a visual AR demonstration.

Virtual Reality Device

When it comes to VR, it’s been believed that if the pharmaceutical industry pursues and invests in the technology, more new streams of revenue from pharmacies that provide virtual reality treatments could be opened up.

The treatments won’t be applicable to many diseases, like cancer or pneumonia, but rather as a treatment for pain and stress.

Patient Involvement

With new technology and innovation, patients are gaining more power. They now have the ability to have more of a say when it comes to their body and their health.

Thus, pharmaceutical companies will need to start taking patient needs, thoughts, and desires into consideration. Products will be more successful if patients are involved in their creation and distribution.

It’s likely that over the coming years, many companies in the pharmaceutical industry will create patient advisory boards. This has already become an integral part of several healthcare conferences where patients either help to organize the event or speak at it.

The pharmaceutical industry is changing at each level.

In order to survive and thrive in this environment, it’s more essential than ever for companies in the industry to explore and invest in the latest technology and innovations.

Are you interested in harnessing some of these top-notch technologies to move your business forward? Get in touch with us today for a free consultation on the top technologies that can impact your business the most.