INDUSTRY REPORTS CREATED BY SID

Life Sciences and Healthcare

The Life Sciences and Healthcare industry, encompassing Biotechnology, Pharmaceuticals, and Healthcare, is one of the biggest employers on the planet. The biotechnology market is projected to reach $2.4 trillion by 2025, while pharmaceuticals are valued at over $1.2 trillion. Healthcare, the largest sub-industry, is expected to hit $10 trillion by 2022, driven by advancements in medical technology and patient care.

INDUSTRY REPORTS CREATED BY SID

Life Sciences and Healthcare

Access Deep Intelligence

25%

Reduction in diagnosis time with machine learning

The average time to diagnosis has been reduced by 25%, primarily through the use of advanced machine learning models that enable faster data processing and analysis.

95%

Increase in medical product traceability with blockchain

The traceability rate of medical products has increased by 95%, driven by the use of immutable ledgers for tracking medical supply chains, ensuring transparency and security.

20%

Improvement in diagnostic accuracy with clinical decision support systems

Diagnostic accuracy rates have improved by 20%, driven by the integration of real-time data and advanced machine learning algorithms in Clinical Decision Support Systems (CDSS) within healthcare settings.

20%

Of adults in the U.S. don’t have access to healthcare

Companies focusing on developing systems and digital solutions to enhance patient access are set to experience significant growth in the coming years. This growth is driven by both government and private incentives designed to support these innovations.

40%

Of all americans have used telemedicine in the past

Telemedicine is rapidly becoming one of the most affordable and effective strategies for healthcare providers to increase their market share. Having a robust telemedicine strategy in place is crucial for the success of any healthcare provider.

39%

Of all biotechnology investments were made in oncology

Discover the key R&D focuses of biotechnology companies worldwide to gain better insights into market trends. Analyze data to identify which companies are leading in R&D spending.

25%

Reduction in diagnosis time with machine learning

The average time to diagnosis has been reduced by 25%, primarily through the use of advanced machine learning models that enable faster data processing and analysis.

95%

Increase in medical product traceability with blockchain

The traceability rate of medical products has increased by 95%, driven by the use of immutable ledgers for tracking medical supply chains, ensuring transparency and security.

20%

Improvement in diagnostic accuracy with clinical decision support systems

Diagnostic accuracy rates have improved by 20%, driven by the integration of real-time data and advanced machine learning algorithms in Clinical Decision Support Systems (CDSS) within healthcare settings.

20%

Of adults in the U.S. don’t have access to healthcare

Companies focusing on developing systems and digital solutions to enhance patient access are set to experience significant growth in the coming years. This growth is driven by both government and private incentives designed to support these innovations.

40%

Of all americans have used telemedicine in the past

Telemedicine is rapidly becoming one of the most affordable and effective strategies for healthcare providers to increase their market share. Having a robust telemedicine strategy in place is crucial for the success of any healthcare provider.

39%

Of all biotechnology investments were made in oncology

Discover the key R&D focuses of biotechnology companies worldwide to gain better insights into market trends. Analyze data to identify which companies are leading in R&D spending.

INDUSTRY REPORTS CREATED BY SID

Life Sciences and Healthcare

Manager at a company that imports active compounds for pharma companies

We’ve utilized Sid’s analysis of public filings on experimental treatments to identify and source the right international providers for importing essential compounds once the treatments receive approval.

INDUSTRY REPORTS CREATED BY SID

Life Sciences and Healthcare

Transform into the Intelligent Enterprise.

Take the first step in bringing true business value from AI to your Enterprise with Chima.

schedule ai briefing