10 Key Trends to Watch out in Life Sciences Industry

10 Key Trends to Watch out in Life Sciences Industry

The life sciences sector includes companies engaged in biotechnology, environmental, life systems technologies, pharmaceuticals, biomedical devices, biomedical technologies, nutraceuticals, and cosmeceuticals. It usually refers to the organizations that are devoting themselves to research and development, commercialization and technology transfer in these areas.

Life sciences, like any other field, will have a significant impact across all of these industries and this will encourage companies to change the methods of developing and commercializing their products. Hence, companies will be embracing new ways to improve operational efficiency – but revolutionizing the pharmaceutical supply chain or making use of artificial intelligence. However, one thing that is essential to bring change is to develop partnerships that are both innovative, relationship-driven and creating value for patients. It is essential for companies to stay updated on the latest changes in the industry trends as well in order to succeed.

Let’s now have a look at the top 10 key trends to watch out for in 2019 

1-  Artificial Intelligence :

It’s expected that the life sciences sector will be witnessing in 2019 a remarkable increase in businesses’ capitalizing on the new wave of tech innovation driven by both Artificial Intelligence and machine learning.  

There are numerous ways where life science industry can use AI such as:

  • Accelerate disease diagnosis.
  • Research for new products
  • Drug development

2-  Clinical Research Partnership with Modernization

Incorporating technology in clinical research will make it more efficient and cost-effective. Also, it will help patients be more consistent in terms of their dosage, as apps can send them reminders when it is time for their next dosage. Also, it will help save patient data.

3- Regulatory Automation

To keep abreast of the new tech developments, life sciences companies will have to embark upon automating the whole process of drug evaluation to avoid delays and discrepancies.

4-  Automating Content Management

Paper was the main source for documenting medical and life science aspects due to auditing and regulatory requirements. But the trend now is to use automated content management systems as it’s more secured. 

5-  Standardization

After they started to modernize their applications last year with the purpose of adopting new technologies and boosting patient engagement, life sciences businesses are expected to move forward this year to the phase of standardization of their business model.

6-  Compliance management technology

As they are spreading their business into new markets with new target audiences across the globe, life sciences companies are expected in the near future to turn, more and more, to machines for unifying information management ─ a procedure which will result in additional automating for their processes of global compliance. 

7-   Internet of Things (IoT) technologies

To ride the wave of innovation, life sciences businesses will concentrate more efforts on integrating their systems with the latest Internet of Things (IoT) technologies, such as wearable medical devices and remote patient monitoring systems.

8-   Cost Control

Reducing the cost of drug evolution is expected to be the main factor in the business feasibility of life sciences companies ─ a strategy which will drive major players in the industry to turn to technology to speed up their processes and streamline their workflows.

9-   Genetic Engineering 

In 2019 and the years to come, genetic engineering, powered by technology advancements, is expected to make a significant impact to life science and health care business.

10-   Augmented Reality

The near future will witness a considerable increase in life sciences companies’ utilization of augmented reality technology to boost the knowledge transfer processes that are vitally required to master patient care. 

These trends are roaming all over the world and are influenced by companies in the European Union (EU) and other continents. Companies should observe their competitors in different countries, medical research can be conducted anywhere in the world, and there is a possibility for partnerships between companies

These factors lead to an urgent need for translating life science and healthcare documents to different languages and in some cases localization is more important than mere translation.

Why Do We Need a Life Science Translation?

Ensuring patient safety: Translating healthcare materials into the native language of patients will improve communication with them and boost their level of trust.

Growing your business: If a company is attempting to expand and tap into new international markets, then their products will have to be translated and localized for the local target audience.

Elevating Global Communication in the Life Sciences Industry: Future Trans’ Specialized Solutions and Expertise

Future Trans, a trusted partner in the Life Sciences industry, offers a range of specialized services and solutions to support the unique needs of this sector. Here’s how Future Trans can assist in the Life Sciences industry:

  1. Medical Translation: Future Trans provides accurate and reliable translation services for medical documents, including clinical trial protocols, regulatory filings, patient information leaflets, medical reports, and scientific articles. Their team of linguists with expertise in medical terminology ensures precise translations that meet the stringent requirements of the Life Sciences industry.
  2. Regulatory Compliance: Future Trans understands the importance of regulatory compliance in the Life Sciences industry. They can help navigate the complex landscape of regulatory requirements across different markets by providing translation and localization services for regulatory documentation, ensuring adherence to local regulations and guidelines.
  3. Clinical Trial Support: Future Trans offers comprehensive language support for clinical trials, including translation of informed consent forms, case report forms, investigator brochures, and other trial-related documents. Their expertise ensures accurate translation of critical trial materials, contributing to the success and integrity of clinical research studies.
  4. Localization of Medical Devices: Future Trans assists in the localization of medical device documentation, such as user manuals, instructions for use, and labeling, ensuring compliance with local regulations and safety standards. Their localization services help medical device companies effectively communicate product information to global markets.
  5. Pharmacovigilance Translation: Future Trans supports pharmacovigilance efforts by translating adverse event reports, drug safety information, and risk management plans. Their linguists with a strong understanding of pharmacovigilance terminology deliver precise translations that enable effective global safety monitoring and reporting.
  6. Scientific and Technical Writing: Future Trans offers scientific and technical writing services for the Life Sciences industry. Their experienced writers can create clear, concise, and accurate content for research articles, clinical study reports, product monographs, and other scientific and technical documents.
  7. Medical Interpreting: Future Trans provides professional medical interpreting services for conferences, seminars, medical meetings, and patient interactions. Their qualified interpreters ensure effective communication between healthcare professionals, researchers, patients, and other stakeholders in the Life Sciences field.
  8. Machine Learning and AI Solutions: Future Trans keeps pace with advancements in language technology and can develop customized machine learning and AI solutions for the Life Sciences industry. These solutions may include automated translation, data analysis, and natural language processing tools tailored to the specific needs of life sciences organizations.
  9. Quality Assurance and Compliance: Future Trans maintains a strong focus on quality assurance and compliance in all aspects of their services. They follow industry best practices, including rigorous quality control processes, data security measures, and adherence to relevant regulations, ensuring the highest level of quality and confidentiality for their clients in the Life Sciences industry.
  10. Subject-Matter Expertise: Future Trans collaborates with a network of translators, reviewers, and subject-matter experts who have in-depth knowledge of the Life Sciences field. This expertise ensures accurate translations, effective communication, and a deep understanding of the specific terminology and requirements of the industry.

Through their specialized services and commitment to excellence, Future Trans serves as a valuable partner for organizations in the Life Sciences industry, supporting their global communication needs and facilitating successful outcomes in this critical sector.

For this purpose, life science translation services can make the process more accurate and quick. Among many life science scientific translation service providers, Future Trans aims at providing top-notch services.

We specialize in all fields of life science translation services including healthcare, biotechnology, pharmaceutical and clinical research. For all your life science translation needs,  be sure to get in touch

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