Life Sciences Megatrends 2023

Key Highlights

The Life Sciences sector has seen high growth and innovation in recent years. The usage of artificial intelligence and Internet of Things (IoT) has resulted in several advancements including reduced costs and research times. 

In the year ahead, Life Sciences businesses are expected to continue their focus on research and development to drive innovation while keeping a close eye on the rising inflationary pressures and emerging supply chain risks.

In our new Life Sciences Megatrends 2023 infographic, we explore some of the key trends for 2023, including:

• Changing operational practices including an increase in partnerships to develop innovative therapies, use of decentralised clinical trials and in-house manufacturing capabilities
• Emerging alternative sourcing destinations to reduce supply chain risks
• Impact of rising inflation on the sector
• How the growing adoption of digital technologies is transforming the industry 

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