Digital transformation of businesses has been around for years. This has paved the way for better access for consumers and improved marketing strategies for companies. In 2022, there will also be an increase in digitalization in the life sciences industry through online assessment, diagnosis, and treatment of patients. One of the biggest lifestyle trends in 2022 will be people making big changes to their diet. Investment in the industry is booming in the UK alone, British life sciences companies were involved with 11 billion of corporate investment and this trend is only going to continue. The healthcare and life science industries face continued disruption of business and operating models from the ongoing pandemic, accelerated medical and technology innovation, and increasing pressure from unconventional competitors. One of the many impacts of the pandemic is how its brought life sciences into the spotlight. Life sciences Economics. The webinars, titled Biotech Pharma Trends for 2022 and Trends in Medical Devices, Digital Health & AI, take place Jan. 10-11. As we have seen the rise of remote and hybrid work, we also see an increase in the distributed enterprise model. The COVID-19 pandemic caused the development of a plethora of novel technologies within the life sciences industry that enable researchers to work effectively and remotely. The Gartner Top Strategic Technology Trends for 2022 are selected to help you to meet your CEOs priorities to scale, adapt and grow. Read ISGs research report for the key trends and solutions in the current market. Changing perspectives and key technology drivers in a COVID-19 transformed world. This article shares key insights from our recent compensation trends webcast, where our industry experts discussed innovative ways to add value and win and retain talent in todays competitive market, the latest equity strategies and a look ahead at whats to come for the life sciences sector in 2022 and beyond. In record time, weve witnessed public health officials, vaccine developers, equipment manufacturers, and essential workers take life saving actionsregularly putting their own lives at riskto respond to the exceptional challenges of 1. National Institutes of Health (NIH) funding is set to grow in fiscal year 2022, IPO numbers have never been higher, and big pharma is investing in promising therapies, further fueling the fire. These changes give rise to a host of complex legal and regulatory issues impacting both life sciences companies and their financial backers. The COVID-19 pandemic continues to push the healthcare and life sciences industry in entirely new ways. This collection of articles and interviews explores the evolving role of health technology in the life-sciences sector and implications for key stakeholders. Venture capital funding (VC) continues to pour into early-mid- and late-stage companies at a historic pace. The Gartner Top Predictions for Healthcare & Life Sciences in 2022. Five tech trends for 2022. More emphasis on social and environmental responsibilities. Commercial Real Estate. LSI Europe '22 Emerging Medtech Summit September 21-24, 2022 | The Grove Luxury Hotel | Hertfordshire | UK Johnson & Johnson ( NYSE:JNJ) Moderna ( NASDAQ:MRNA) Vertex Pharmaceuticals ( NASDAQ:VRTX) 1. 1. Investment in the industry is booming in the UK alone, British life sciences companies were involved with 11 billion of corporate investment and this trend is only going to continue. 10 January 2022 - Blog, Bruntwood SciTech, 2021 was a huge year for the life sciences sector marked by continued innovations, and the industry is showing no signs of slowing down. Join Dr. Nimita Limaye, Research VP, Life Sciences R&D Strategy and Technology at IDC, as she reviews the top technology trends for 2022, including patient centricity, digital transformation, and AI. Government. Theres been a shift for labelling organisations to understand how to manage the track and trace process more efficiently, says Leslie. Artificial Intelligence in the Life Sciences Market was valued at USD 1,255.3 million in 2020, and it is estimated to be worth USD 5,402.1 million by 2026, registering a CAGR of 29.13% during the forecast period 2021-2026. Customers today expect an omnichannel approach to the 2. Building off the momentum of last years successful implementation of the mRNA technology, opening the door to new treatments for diseases like cystic fibrosis, cancer and HIV, the industry is poised for another successful year in 2022. Even as new technologies are developed, innovation around the application of existing technology is rapidly changing how organisations operate and how we interact with the world. Deals in life sciences tools deals nearly doubled to 34 in 2021, while disclosed deal value soared to a record $11.1 billion. Whether it is called to action to provide a solution to a global pandemic or developing the next mind-boggling innovation. This article shares key insights from our recent compensation trends webcast, where our industry experts discussed innovative ways to add value and win and retain talent in todays competitive market, the latest equity strategies and a look ahead at whats to come for the life sciences sector in 2022 and beyond. This means that doctors will diagnose diseases faster and better, patients will receive specific treatment plans, and medical research will be more effective. This macro trend is fueled by many micro trends, including vertical application of operational and clinical analytics, use of AI and VR tools, omnichannel service, and more. The facility will provide scientists on campus, and global genome and bio-data institutes worldwide, early access to emerging technologies to support their research, helping I recently sat down with the President of Axendia, Inc. Daniel R. Matlis to collectively share the latest research, trends, and insights around digital technology adoption in the life sciences industry.. Axendia is a leading analyst and strategic advisory firm that focuses exclusively on the Life Sciences markets. Just looking to current trends for 2022, the sub-sectors of genomics, mRNA, genetic therapies, quantum simulation and CRISPR appear to be evolving in capability and importance. Market Overview. He is also a member of RSMs life sciences national industry leadership team. Artificial Intelligence. Innovation and attractive growth prospects in health industries create a strong M&A outlook for the remainder of 2022. While turnover remains a threat for many businesses, the industry continues to experience record growth across a variety of metrics. 1. Key focus areas for bringing technology revolution in businesses. The latest EY report How to navigate global transfer pricing controversy in life sciences explores the growing tax authority scrutiny that life sciences companies are facing with regard to their transfer pricing practices. Digital transformation for government organizations. Learn more, including about controls: Cookie Policy [ 1 ] [ 2 ] Learn why these following trends will move healthcare forwardand how you can leverage them to create true value in 2022 and beyond: Telemedicine and Digital Care Solutions. He is also a member of RSMs life sciences national industry leadership team. Some technologies are already widely adopted, while others are still struggling to gain the attention of healthcare practitioners. Key trends in the life sciences sector include: The rapid progression of holistic digitization. AI has already had a significant impact on our lives, from self-driving cars to intelligent assistants. The digitization of everything. Better recruitment and retention strategies. Following a record year in 2021, we have since seen modest activity through the start of 2022. Abstract. Paris, 30 June, 2022 Atos, in agreement with the Wellcome Genome Campus in Cambridgeshire, UK, today announced the opening of its global Life Sciences Centre of Excellence. It all sounds like a science fiction novel, but it can be true! He is also a member of RSMs life sciences national industry leadership team. Defining trends in life sciences & healthcare in 2022 Embracing AI/ ML technology to identify tailored treatments for individuals. European Union, United Kingdom January 24 2022. Abbott Laboratories. To align business strategies and data-driven business decisions, life sciences companies are focusing on exploring primary and secondary research data through new-age cloud-based technology enablers, as highlighted in Figure 2. Pharmaceutical & life sciences deals outlook. In 2022, Artificial Intelligence (AI) will play a key role in health care. Renewed focus on industry collaborations. Here are five trends we expect insurance companies around the world to see in 2022. Method of Research Another hugely important field where we can expect to see ongoing innovation during 2022 is in biofuels. In this webinar, senior members from Healthware Group discuss the key trends and developments set to shape the industry and present their predictions for the year ahead. WebMe looks at how the internet is being reimagined. Many doctors and healthcare professionals are now accredited to continue their practice virtually. The Technology Trends in Life Sciences: This has only accelerated since 2020 with a record $70B of private and public capital invested in Life Sciences-related companies in North America. In 2022, those efforts are sure to continue. Economic trends to watch in the second half of 2022. In 2022, IEEE SA is expecting to see continued growth in the area of mental health and digital therapeutics and is working to help technologists implement human-centric and ethical design into these and related healthcare offerings. Top 5 tech-based trends for Life Sciences in 2022 and beyond 1. Medtech companies jockey for market dominance in a competitive sector. Blockchain has great potential as a way to record information such that it is difficult or impossible to alter that information. It will be more important than ever to use digital tools to reach physicians and healthcare providers. Clinical trial volume remains strong amid uncertainty in capital markets. Jul 4th 2022 | Geneva. Many big developments followed in its wake in recent years $2 billion in projects took shape between 2015 and 2019. Ethical AI. A look at how this new age of the human will play out across the 7 areas dominating future of work trends in 2022. According to Global Data, a dramatic 93% increase in the uptake of decentralized clinical trials is expected in 2022, when compared with numbers in 2020. The global life science analytics market was valued at USD 8,739. In the life sciences market, beyond investments in technology, services, tools and skillsets, interest and sophistication in the use of advanced analytics, AI and automation is rapidly rising to expert levels across the talent continuum. As part of our SLAS Europe 2022 coverage, we speak to Hctor Martnez, CTO of BICO, about the technology and services they offer within life sciences research. The Life Sciences 2022 guide features 19 jurisdictions. It all sounds like a science fiction novel, but it can be true! WebMe. The MarketWatch News Department was not involved in the creation of this content. Cushman & Wakefield has synthesized the latest trends in this dynamic sector. Four key trends that are set to define the life sciences and healthcare industries in 2022 Summary 2021 was a significant year for the advancement of healthcare, perhaps even more so than when the pandemic first hit the entire global population in 2020. The COVID-19 pandemic pushed government organizations into the reality of needing connected, digital-first processes. Cushman & Wakefield surveyed a healthcare real estate investors for their predictions on the state of the market in 2020. FTI Consulting Survey: US Healthcare & Life Sciences Industry Outlook 2022. March 17, 2022. Top Emerging Technology Trends of 2020 2022 outlook for life sciences: 7 important trends to watch A variety of megatrends (demographic, economic, technological, etc.) This edition of Orricks life sciences publication series reviews key trends of venture investment in the life sciences industry during Q1 2022. 2022: Life Sciences North American Update The life sciences industry has been on the rise over the past half-decade thanks to a surge in new products and technology, as well as an influx of capital from both public and private investors. Bio-IT World Conference & Expo Explores Trends and Innovations Leading Life Sciences. Look back on the technology trends that took 2021 by storm and find the tech trends we have to look forward to in 2022. 9) Gene Therapy: Treating Disease. An Interview with Axendias Daniel R. Matlis. Below, we outline just a few of the key life sciences talent trends taking hold in 2022. Learn why these following trends will move healthcare forwardand how you can leverage them to create true value in 2022 and beyond: Telemedicine and Digital Care Solutions. Improving patient care has always been a Clinical trials are set to become more uniform. ET Wilson Sonsini is pleased to present the latest edition of The Life Sciences Report. #. In May 2021, Justin was selected as a senior analyst in RSMs cutting edge industry eminence program, which positions its senior analysts to understand, forecast and communicate economic, business and technology trends shaping the industries RSM serves. This means that doctors will diagnose diseases faster and better, patients will receive specific treatment plans, and medical research will be more effective. In this webcast, panelists will discuss life sciences transfer pricing controversy trends and developments in the US. Decentralised clinical trials According to a white paper titled Key Logistics Trends In Life Sciences 2022+ by DHL, The global population is expected to increase from 6.9 billion people in 2010 to 8.0 billion in 2025This will be accompanied by a growing demand for healthcare and a shift towards age-related disease patterns.. "The 2022 worldwide life sciences industry predictions focus upon how the life sciences industry is embedding innovative technologies and data centricity across the value chain, helping it transition beyond the disruption caused by the pandemic to agile, 'patient centric' business Our complimentary whitepaper discusses: Trends with capital markets and corporate governance. In 2022, those efforts are sure to continue. They are the basis for developing healthcare trends in 2022. In this years Tech Vision, we explore how todays technology innovations are becoming the building blocks of our collective future. In this first installment about emerging tech trends, G Radhakrishnan talks about two areas where she expects to see massive disruption, including the rapid adoption of technology in health care and life sciences and the continued innovation of software-enabled hardware. Here are five clinical trial trends the industry should be watching in 2022: Trend #1: Clinical trials are increasingly being conducted in a decentralized model. Mar 01, 2022. Expecting the market for technologies that enable hyperautomation to reach $596 billion by the following year, the company names it among the top strategic business tech trends for 2022. experts say firms may find more tech talent, which could reshape their business. Innovation and transformation are the watchwords for life sciences in 2022. The cloud computing industry worldwide is set to reach a value of $397 billion by the end of 2022, with SaaS accounting for over $145.3 billion. Innovation and transformation are the watchwords for life sciences in 2022. The rise of health technology. The life science industry is on a record run. For 86 percent of CEOs, artificial intelligence has become a