Pharmaceutical and healthcare companies are significantly being analyzed and evaluated in business. Pharmaceutical industry works in close collaboration with healthcare professionals with a primary objective of improving the lives of patients through medical advances and enhanced care. This longstanding and well-regulated relationship plays a vital role in the research and development of life-saving medicines and their use in clinical practice. Growing healthcare demand with new advanced technologies are transforming the pharmaceutical industry. Over the next three decades, the number of elderly people aged 65 or over worldwide is projected to double to more than 1.5 billion people in 2050. As a result, chronic conditions are on the rise and patients are often suffering from more than just one ailment. Rise in the chronic conditions is propelling the growth in healthcare and pharmaceutical solutions. At the same time, digitalization, big data and artificial intelligence accelerate the transformation of the pharmaceutical industry and enable companies to improve drug development and patient care beyond the treatment of diseases, offering new revenue streams. We at Cognitive Market Research, keenly monitors developments in both the sectors including recent developments, pipeline products, company news, mergers and acquisitions, regulatory changes, and several others parameters. This report will offer thorough analysis of the market including distribution of pipeline products, key developments, and competitive scenario.
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