The report covers the global life sciences industry (including pharmaceutical, medical device, and biotechnology companies), the ecosystem participants and their interplay, key challenges, technology landscape with particular emphasis on digital levers, regulatory developments, patient-related trends, M&A and partnerships, critical case studies, and outsourcing engagements.
It also provides a fact-based detailed assessment of leading 18 service providers enabling digital transformation for life sciences companies. The profiles for each of these 18 providers capture their practice (or business unit) overview, industry-specific solutions and offerings, key clients, partnerships, capabilities across the value chain, case studies, and analyst insights on their practice maturity, investments & innovations, and partner ecosystem, thus providing a 360-degree view of service providers.
The life sciences industry is under constant scrutiny from regulatory associations and governments regarding the quality and prices of drugs and therapies, patient welfare, and security of patient data. These pressures, along with the rise of chronic diseases, are pushing companies towards alternate product lines and personalization of therapies for cost containment and enhanced patient engagement. Avasant’s ongoing interactions with industry leaders indicate that the integration of digital technologies in processes across the value chain will foster innovative approaches for discovery, development, and launch of cost-effective therapies. Enterprises need to channel investments towards these business outcomes and partner with service providers that can accelerate their digital transformation journey. The report also highlights the key trends in the market and Avasant’s view on the road ahead for life sciences companies over the next three years. It provides information to assist enterprises in charting out their action plan and identifies key global service providers and system integrators that can expedite their transformation.
Accenture, Atos, Birlasoft, Capgemini, CGI, Cognizant, DXC, Genpact, HCL, Hexaware, IBM, Infosys, LTI, Mphasis, NTT DATA, TCS, Tech Mahindra, and Wipro.
The industry insights and recommendations are based on Avasant’s ongoing interactions with enterprise CXOs and other key executives, targeted discussions with service providers’ practice leads, subject matter experts and fellows within Avasant, learnings from consulting engagements, and round the year tracking of this space by Avasant analysts.
Evaluation of service providers is based on primary inputs from providers, focussed briefings, their public disclosures, Avasant’s ongoing market interactions, and validations from enterprises (clients). The assessment is carried through a rigorous methodology across critical dimensions of Practice Maturity, Partner Ecosystem, and Investments and Innovation to finally recognize the service providers that brought the most value to the market over the last 12 months.
Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.
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