Digital Transformation in Pharma: Key Technologies and Trends

Like every other industry, digital transformation is also revolutionizing the pharmaceutical industry. There has been a substantial increase in the digital health market since 2010, and according to a recent study, around 74% of respondents agreed that Covid-19 has significantly accelerated digital transformation in the pharmaceutical and healthcare industry. In another study, 35% of respondents state that the pandemic has accelerated the digital transformation in the pharmaceutical sector by more than five years, as shown in Figure 1. Digital transformation in the pharmaceutical sector means implementing various digital technologies to improve the production and provision of healthcare products and services. As digital technologies take over the world, pharmaceutical companies must stay up to speed to survive.