We have already entered an era where everything is being changed by technology. Healthcare and Pharmaceutical Industry are one of the few sectors that adopted technological advancements late as compared to other industries. Pharmaceutical companies are also unsure about how the latest emerging developments can impact product production and marketing. Technology is changing the pharmaceutical industry. Emerging technologies from AI to 3D printing technology would bring improvements to the pharmaceutical business models, processes, workforce and cyber security.
AI transforming the future of pharmaceutical
In particular, the pharmaceutical industry is already seeing the tremendous advantage of AI over the most commonly debated problems such as product shortages, medication recalls and opioid epidemic, all within the complexities of the 2019 coronavirus disease pandemic (COVID-19). AI helps to address drug shortages by examining mass data on current drugs and their applications and then predicting how they can be combined in new ways to create effective treatments. Using AI, we have the ability to identify precisely where any contamination or defect occurred in the supply chain, enabling teams to fix or work around the drug problem recalls more effectively than manual research-based processes would be possible.
3D printed drugs and organs
3D printing commences with the computer-aided design of a digital product model. Think about a future in which to take a single pill to solve the problem instead of taking several medications several times a day when the patient is in several medical illnesses or being able to substitute an ill-functioning heat with another. Drugs and organs can be produced in distinctive shapes , sizes and colours, using 3D Printer.
Virtual reality
Even the pharmaceutical industries today plan to invest in virtual reality to work against pain killers. Patients suffering from stress, tension and pain are being deflected elsewhere because of the virtual reality. As a patient with mental health problems, VR may be more successful in helping them fight possible fear of schizophrenia. Perhaps the pharmaceutical industry thinks the future will be VR clinics, with experts prescribing patients the correct VR care.
Nanotechnology
A lot of pharmaceutical industry professionals expect that in pharmacy, nanotechnology can unleash breakthroughs in genetic engineering, medicine, treatment and different types of dosage. German institute researchers came closer to realizing the dream of creating Nanobots in the form of swallowing pills or could be implanted into the bloodstream to conduct surgery and potentially cure diseases such as breast cancer and cardiac surgery from inside the body.
The pharmaceutical industry will bring many improvements to people unless it creates a desire to be concerned about the emerging technology. Technology is changing the pharmaceutical industry and with technological advancement the future of the pharmaceutical industries will bring a major change to the world. Over longer periods of time, the pharmaceutical companies can no longer rely on trial-and – error methods to cope with existential risk.
