The following are major trends in reshaping pharmaceutical marketplace, EXCEPT
Answers
Answer:
where are the following major trends
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Explanation:
seven major socio-economic trends.
1.The burden of chronic disease is
soaring. The prevalence of chronic
diseases like diabetes is growing
everywhere. As greater longevity forces
many countries to lift the retirement age,
more people will still be working at the
point at which these diseases start. The
social and economic value of treatments
for chronic diseases will rise accordingly,
but Pharma will have to reduce its
prices and rely on volume sales of such
products because many countries will
otherwise be unable to afford them.
2.Healthcare policy-makers and
payers are increasingly mandating
or influencing what doctors can
prescribe. As treatment protocols
replace individual prescribing decisions,
Pharma’s target audience is also
becoming more consolidated and more
powerful, with profound implications
for its sales and marketing model.
3.The industry will have to work much
harder for its dollars, collaborate with
healthcare payers and providers, and
improve patient compliance.
4.Pay-for-performance is on the rise.
A growing number of healthcare payers
are measuring the pharmacoeconomic
performance of different medicines.
Widespread adoption of electronic
medical records will give them the
outcomes data they need to determine
best medical practice, discontinue
products that are more expensive or less
effective than comparable therapies and
pay for treatments based on the outcomes
they deliver. So Pharma will have to prove
that its medicines really work, provide
value for money and are better than
alternative forms of intervention.
4.The boundaries between different
forms of healthcare are blurring. The
primary-care sector is expanding as
clinical advances render previously fatal
diseases chronic. The self-medication
sector is also increasing as more
prescription products are switched to
over-the-counter status. The needs
of patients are changing accordingly.
Where treatment is migrating from the
doctor to ancillary care or self-care,
patients will require more comprehensive
information. Where treatment is
migrating from the hospital to the
primary-care sector, patients will require
new services such as home delivery.
5.The markets of the developing world,
where demand for medicines is likely
to grow most rapidly over the next 13
years, are highly varied. Developing
countries have very different clinical and
economic characteristics, healthcare
systems and attitudes towards the
protection of intellectual property. Any
company that wants to serve these
markets successfully will therefore have
to devise strategies that are tailored to
their individual needs.
6.Many governments are beginning
to focus on prevention rather than
treatment, although they are not yet
investing very much in pre-emptive
measures. This change of emphasis
will enable Pharma to enter the realm
of health management. But if it is to do
so, it will have to rebuild its image, since
healthcare professionals and patients
will not trust the industry to provide
such services unless they are sure it has
their best interests at heart.
7.The regulators are becoming more
risk-averse. The leading national and
multinational agencies have become
much more cautious about approving
truly innovative medicines, in the wake
of problems with medicines like Vioxx.