Life Sciences Trends To Watch For In 2023

The past two years have been a rollercoaster ride for the global economy and the pharma industry hasn't been impervious to the major financial upheavals either.

- Ayesha siddiqui

Yes, it’s the Pandemic and Post-Pandemic world that’s been influencing people from all walks of life and industries, a like. Buzzwords notwithstanding, we do have to thank the pandemic situation that forced all stakeholders to innovate and pool the best and brightest resources to keep the Life Sciences industry thriving. While all other industries either lost steam in their growth plans, pharma boomed, ot unlike the Phoenix rising from the ashes. It is this streak of resilience and growth that we want industry insiders to comment on. With curtains down for 2022, it’s time to look to the new year without the trepidation of the looming Great Reset’. On an upbeat note, BioSpectrum brings you 23 trends and projections for 2023 that could reshape and influence our collective future.

Biospectrum interacted with a few leaders from major market segments of the industry who provided their insights into what the coming year is likely to hold for their particular sphere. Below are the 23 predictions from across the subsectors of life sciences pharma, biotech, medtech, healthcare, digital health and manufacturing that are expected to make a splash in the sector. Some of these are extensions of trends observed in 2022 that will continue into 2023; such as Artificial Intelligence (AI) assisted drug discovery, rise of mRNA therapies, and China’s dominance in CAR-T therapy. Besides these, the industry will focus on climate change, digital therapeutics, ageing, mental health, and much more. Let’s take a deep dive.

Pharma

1. Robotics

As companies continue to innovate the pipeline of drug discovery, design, and delivery, incorporating robotics is the logical next step.