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2016: The Year of Healthcare Innovation?

While Frost & Sullivan predicts healthcare transformations, Spring Design Partners recommends healthcare brands focus on ‘the human experience.’

Innovation, IVD diagnostics, and humanity and healthcare design are the focus of this article.
Innovation, IVD diagnostics, and humanity and healthcare design are the focus of this article.

Looking for a bit of good news to get the new week started? Three separate stories below provide a dose of optimism.

Pharmaceutical innovation

According to global research and consulting firm Frost & Sullivan, the healthcare industry is expected to experience several innovations throughout 2016.

“This year is poised to be impacted by healthcare transformations,” says the organization. Nitlin Naik, Frost & Sullivan’s Vice President of Life Sciences, says that in the pharmaceutical industry, “Several new demand spaces such as innovative therapeutics (immuno-oncology), biosimilars and regenerative medicine (cell therapy) have emerged. Additionally, pharmaceutical companies are sharpening their long-term positions. Fundamental behavioral shifts in these spaces are redefining the market, forcing companies to adopt a “beyond the pill” approach and increase investments in innovations related to supply chain, mHealth and digital marketing channels.”

Diagnostic developments

Discussing diagnostics, Naik says, “Immense market opportunities are at the horizon for the in-vitro diagnostics market participants as they look to increasingly focus on technologies that promote decentralization. With healthcare becoming more consumer-centric both healthcare systems, payers and providers are looking to invest in digital strategies to improve the cost effectiveness of this $58.2 billion industry.

“Under the heavily consolidating industry, companies must be ready to capture these opportunities and focus on the hot buttons in 2016. Major investment areas include liquid biopsy, next-generation sequencing, companion diagnostics and molecular point-of-care testing technologies.”

INTRODUCING! The Latest Trends for Life Sciences at PACK EXPO Southeast
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INTRODUCING! The Latest Trends for Life Sciences at PACK EXPO Southeast