According to PharmAid MD Sanjeev Nanda, The emergence of advanced technologies like machine learning and artificial intelligence has changed the face of a great many industries.
Despite lagging a bit in adopting the latest technological innovations as compared to other industries, pharmaceutical sector has undergone rapid changes in the last few years and is expected to continue doing so in the time to come. According to Sanjeev Nanda, MD of PharmAid, a few trends hold great potential to transform the industry in the future. Wondering what they are? Read on to know:
Precision Medicine
As the Covid-19 pandemic emerged, it affected different sets of people in unique manners. This, in turn, brought forth the need of treating each patient as a different individual with a different set of medical needs. The latest emerging trend of precision medicine addresses this problem. It takes into account the requirements of the patient as an individual, and not as an extension of a group of people suffering from similar ailments. According to PharmAid MD Sanjeev Nanda, this focus on individuality makes precision medicine a trend that is likely to rule the healthcare arena in the coming years.
Also read: Pharm Aid LTD Chairman Sanjeev Nanda discusses the implications of AI in pharma sector.
Flexible Production
One of the major challenges posed by the rapidly spreading Covid-19 has been the lack of ample resources, which is a direct result of the time-taking processes involved in the manufacturing of essential drugs and other medical consumables. According to Sanjeev Nanda, employing single-use technology to facilitate flexible production can be the next big trend for the pharma sector.
“Flexible production can cut down the time taken. It can also eliminate several complex steps like cleaning between separate production stages, thus improving the productivity. Flexible production can also help reduce waste production as well as the energy needs of manufacturing plants,” said Sanjeev Nanda.
Artificial Intelligence
The emergence of advanced technologies like machine learning and artificial intelligence has changed the face of a great many industries. In the expert opinion of Sanjeev Nanda, these modern technologies are bound to have a similar positive impact upon the pharmaceutical sector.
The PharmAid MD says, “A large number of startups are already mapping the potential of these technologies when it comes to pharma and healthcare. With the help of artificial intelligence, a large number of complex processes can be made simpler, faster and cost effective.”
With the pandemic changing the face of the world as we know it, the pharma sector is not untouched with the wave of disruption. The transformation of healthcare into a better version of itself is possible only if industry leaders are keen on amalgamating the existing resources and technologies with the up-and-coming ones.
Also read: Hotelier Sanjeev Nanda: Strategies to help hospitality in post-pandemic recovery.
