Latest technology in the field of Pharmaceutical Industry
Technological advancements have revolutionized the pharmaceutical industry and reshaped its structure. The advantage offered by it is no less then what is provided to media, IT, telecom, and others. In fact, these are multi fold as compared to other industries. The paradigm of technology and its modern tools have opened an array of potential for the health industry. Companies engaged with life sciences, medical services, data collection, medical insurance, drug manufacturing, clinical services, research development of various delivery systems, and hospitals have brought comfort to the patients, researchers, data analysts, medicos, and related professionals.
Prescriptions have revolutionized from paper to online, paperless documentation has become common in the form of electronic medical records. Patients can monitor real-time data and avail medical services accordingly. Social media has become an essential forum for discussion of patient needs, experiences, and problems and has benefited current treatment patterns.
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Electronic medical record (EMR) and patient data have provided insight into healthcare and given patients required medical facilities at a subsidized cost. Customer services have improved through online forums. Various fitness apps and services have turned society conscious and alert about their health and fitness. Cloud-based applications, including google docs, can support its large number of employees on a global scale and believe in collaborating without the need of large expenditures.
IoT has a network of connected devices with monitoring sensors and enabled the pharmaceutical industry in the field of manufacturing. It has the potential to reduce the risk of machinery malfunctioning by detecting it and making adjustments. Thus, it assures precision in production.
The coming future expects digestible IoT Devices, which are actually tiny pills integrated with a sensor that can track digestion and the absorption of drugs once administered. This advancement could be possible with the help of nanotechnology and IoT integration.
The pharmaceutical industry is also on a pace to learn the utilization of “Big Data,” the catchall term for the explosion of data and technologies emerging to support it. This information is important for upcoming accountable care organizations (ACOs). ACOs encourage better patient outcomes by reimbursing healthcare providers based on quality outcomes and measures with the help of EMR data.
Novel drug delivery devices, including controlled drug delivery systems such as ocuserts, medical devices have provided add on advantages over conventional drug delivery systems and improved patient compliance. Nanoparticulate systems are technologies that use nanoparticles for the delivery of drug at the targeted site and at a predetermined rate for release of therapeutic agents. These systems can achieve desired therapeutic effects with lesser adverse effects.
Author
Dr. Kumud Madan (Associate professor)
Lloyd Institute of Management and Technology (Pharm.) — Greater Noida
