Although the pandemic has been tough on all of us, it has also produced some great innovations.
In terms of trends, it is one of the biggest drivers of innovation. Of course, there were already many approaches in the life sciences, but it was only through Covid-19 that these ideas and approaches were used and complemented to develop new medicines.
Even better, the innovations developed during the pandemic may be transferable to other areas.
Life sciences are moving more and more into the forefront, and due to unstable economic conditions and digital and technological change, this can be a major challenge that not every company is prepared for. With the trend towards outcome-based treatments in life sciences, the pressure on companies is intense.
Trend 1: Accelerated digitalisation
Covid-19 has accelerated digital transformation by almost 5 years. Virtual care and on-demand products are the results of this. Predictions suggest that there will be more investment and extensive partnerships in Medical Affairs in the coming years to complement the growing roles and responsibilities. For organisations, this means that only those who can adapt their work to digital transformation will be able to take on the challenge and seize the opportunity to grow.
Data storage, cloud work or IT security should therefore be adapted to work processes and strategies.
Trend 2: Globalisation
Strategic cooperation and mergers are becoming increasingly important in today’s business world. The increasingly free movement of finance and goods and international mobility mean that companies are exposed to ever greater pressure and competition.
Those who want to remain competitive and continue to grow must cooperate with life science companies or even merge with companies from other industries.
Trend 3: Personalised medicine
Many scientists are discovering that diseases are inherited through genetic coding. Patients should be treated through customised research and therapies that are tailored to their disease. Technologies such as social media, wearables and telemedicine are also bringing new perspectives and helping life science gain more attention here.
Life science for recruiters:
For recruiting, this means on the one hand that more positions need to be filled because more industries and professional fields need to be tapped. On the other hand, it is becoming increasingly difficult to find qualified candidates for these specialised and highly scientific positions. The requirements of employers in the life science sector are becoming more specific and longer. The applicant has to meet the criteria exactly, otherwise he is out.
KPMG, Trends und Entwicklung in der Life-Science-Industrie, 25.01.2022
Susanne Schloßbauer, Recruiting im Life Sciences Bereich – Interview mit Imtraud Land von gloor&lang, 26.11.2015
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