- Global healthcare expenditure is expected to reach US$ 4.4 trillion by 2030
Among the biopharma executives taking part in the survey, the vast majority is certain that the change for their own industry is imminent. 96% agree that healthcare will be centered on patients / people empowered to prevent diseases rather than seek treatment. Who will receive personalized health solutions in ways that are integrated seamlessly into their daily lives. All of this will be enabled by data and algorithms and provided within a healthcare system that is organized and regulated in an entirely new way. 68% of participants in the survey expect this future vision to become normality by 2030 at the latest.
The questioned biopharma managers also regard technology companies as the drivers of change, whereas they consider the regulators to be the brakemen. Additionally, they consider the establishment of digital awareness, as well as a respective corporate culture as the biggest internal challenge (70%), followed by the development of currently still lacking competences (47%), and overcoming structural obstacles (35%). Externally, they are mainly concerned about regulatory and legal hurdles (71%), even before the question of availability and access rights to the required datasets (37%) as well as ethnical issues (22%).