Globally, the health care industry is witnessing significant transformation driven by demographic and economic changes across developed and emerging markets. With greater penetration of health care services in emerging countries and with health care service providers struggling to meet growing demand in developed nations, there is unprecedented pressure on the health care industry.
Pharmaceutical companies increasingly face stricter regulatory environment, declining R&D efficiencies and the mammoth task of catering to both generic and branded product segments of the market, specifically when working in developing countries with low income levels. There are added pressures of patent expirations, depleting product pipeline and growing competition from a fast expanding section of generic drug manufacturers. Medical device manufacturers also have had to innovate with their product lines to include low-cost products to penetrate the low-income, poorer sections of population in emerging markets. In spite of the challenges associated with these markets, there is significant untapped growth potential.
In order to sustain growth and ensure delivery of quality services and products, health care segments (pharmaceuticals, medical devices and biotechnology) are converging in several aspects to come up with new treatment solutions. There are considerable opportunities, especially in developing countries, across the health care service spectrum, from setting-up hospitals/clinics, pharmacies, to low-cost manufacturing of generic and branded products, to bringing advanced medical device technology to the masses. With growing government focus on health care and rising disposable income, health care is a fast growth sector in the emerging markets.
EOS Intelligence has garnered extensive and in-depth knowledge of the health care industry, having worked across the pharmaceuticals, medical devices and health care services segments of the market. Our understanding of the markets, competitive landscape, patient dynamics, regulatory environment and technology enables us to deliver insights, through customized intelligence solutions, that support a range of our client’s business needs.If you desire to learn more about our health care sector capabilities, please feel free to contact us, and we will be glad to answer your queries.