{"id":91609,"date":"2024-09-27T08:22:30","date_gmt":"2024-09-27T08:22:30","guid":{"rendered":"https:\/\/expleo.com\/global\/en\/?post_type=insights&#038;p=91609"},"modified":"2024-10-29T08:22:03","modified_gmt":"2024-10-29T08:22:03","slug":"accelerating-time-market-revenue-life-sciences","status":"publish","type":"insights","link":"https:\/\/expleo.com\/global\/en\/insights\/blog\/accelerating-time-market-revenue-life-sciences\/","title":{"rendered":"Accelerating time to market and revenue in life sciences"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"91609\" class=\"elementor elementor-91609\" data-elementor-post-type=\"insights\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4c4c219 gg-article-content gg-standard-article-template gg-simple-text gg-container-tiny elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4c4c219\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aa71ba7\" data-id=\"aa71ba7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-82b1298 elementor-widget elementor-widget-spacer\" data-id=\"82b1298\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b03c4f elementor-widget elementor-widget-text-editor\" data-id=\"0b03c4f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"none\">The life sciences industry is evolving rapidly, driven by huge R&amp;D investment and advancements in biotech.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:180,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p><span data-contrast=\"none\">The sector is poised for explosive growth, with biotechnology alone projected to reach $727.1 billion by 2025*.\u202fHowever, rising costs, complex supply chains and strict regulations are hindering companies\u2019 ability to innovate at pace. In this high-stakes environment, businesses that can accelerate time to market and drive revenue faster are set to capitalise on future opportunities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:180,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p><p>*<em>Gitnux<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-79bab7a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79bab7a\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-313a07a\" data-id=\"313a07a\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f3505f elementor-widget elementor-widget-heading\" data-id=\"4f3505f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Expanding market\u202f <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9859b12 elementor-widget elementor-widget-text-editor\" data-id=\"9859b12\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW228280973 BCX8\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW228280973 BCX8\">Companies must adapt fast as<\/span> <span class=\"NormalTextRun SCXW228280973 BCX8\">life sciences and related sectors<\/span> <span class=\"NormalTextRun SCXW228280973 BCX8\">experience unprecedented growth.<\/span><\/span><span class=\"EOP SCXW228280973 BCX8\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93c75d7 elementor-widget elementor-widget-counter\" data-id=\"93c75d7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"counter.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-counter\">\n\t\t\t\t\t\t<div class=\"elementor-counter-number-wrapper\">\n\t\t\t\t<span class=\"elementor-counter-number-prefix\">$<\/span>\n\t\t\t\t<span class=\"elementor-counter-number\" data-duration=\"2000\" data-to-value=\"2.83\" data-from-value=\"\" data-delimiter=\",\"><\/span>\n\t\t\t\t<span class=\"elementor-counter-number-suffix\"> trillion<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-facaaaf elementor-widget elementor-widget-text-editor\" data-id=\"facaaaf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Global life sciences sector market value in 2023\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-6beed77 elementor-widget elementor-widget-spacer\" data-id=\"6beed77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fdaa97b elementor-widget elementor-widget-heading\" data-id=\"fdaa97b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The challenges ahead <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08fa3d3 elementor-widget elementor-widget-text-editor\" data-id=\"08fa3d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As companies navigate the evolving landscape, they face significant challenges. Tackling them head-on is essential for maintaining profitability and seizing new opportunities in a dynamic market.\u00a0<\/p><ul><li><strong>Investment in R&amp;D<\/strong><br \/>Companies are facing pressure to invest in R&amp;D to stay profitable. They must innovate quickly amid economic and environmental instability, and shifting consumer behaviour.\u202f<\/li><li><strong>Disrupted supply chains<\/strong><br \/>Financial and geopolitical shocks have exposed supply chain weaknesses, delaying product delivery and impacting revenue.\u202f<\/li><li><strong>Squeezed profits<\/strong><br \/>Rising development and production costs, coupled with patent expirations, are squeezing profits.<\/li><li><strong>Stringent regulations<\/strong><br \/>Ever-evolving compulsory regulations and silos between engineering and IT can hinder digital adoption and innovation.\u00a0<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1328d4a elementor-widget elementor-widget-image\" data-id=\"1328d4a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/expleo.com\/global\/en\/wp-content\/uploads\/2024\/09\/packaging-line-with-robot-arms-1024x576.jpg\" class=\"attachment-large size-large wp-image-91617\" alt=\"A high-tech factory scene with robotic arms sorting and moving cardboard boxes on a conveyor belt. The environment is illuminated with blue lighting, creating a futuristic atmosphere. The focus is on the boxes in the foreground as they move along the line.\" srcset=\"https:\/\/expleo.com\/global\/en\/wp-content\/uploads\/2024\/09\/packaging-line-with-robot-arms-1024x576.jpg 1024w, https:\/\/expleo.com\/global\/en\/wp-content\/uploads\/2024\/09\/packaging-line-with-robot-arms-300x169.jpg 300w, https:\/\/expleo.com\/global\/en\/wp-content\/uploads\/2024\/09\/packaging-line-with-robot-arms-768x432.jpg 768w, https:\/\/expleo.com\/global\/en\/wp-content\/uploads\/2024\/09\/packaging-line-with-robot-arms.jpg 1280w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf0c433 elementor-widget elementor-widget-heading\" data-id=\"bf0c433\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Transform to grow\u00a0<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d6ad25 elementor-widget elementor-widget-text-editor\" data-id=\"8d6ad25\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Life sciences companies are reinventing to stay ahead. By focussing on sustainability, regulatory excellence and specialised skills \u2013 empowered by digital tools and AI \u2013 they\u2019re not just optimising efficiency \u2013 they\u2019re speeding up product launches and increasing revenue. This transformation is key to thriving in a competitive landscape.\u00a0<\/p><ul><li><strong>Fuel growth through R&amp;D<\/strong> <br \/>Build an innovation pipeline that fuels growth by focusing on data-driven R&amp;D strategies. With impending patent expirations, R&amp;D innovation is crucial for discovering new revenue streams.\u202f<\/li><li><strong>Be Agile to stay ahead<\/strong><br \/>Get to market more quickly by adopting Agile supply chain models. This approach helps businesses respond to changing customer demands, helping them bring products to market ahead of their competitors.<\/li><li><strong>Diversify to protect profits<\/strong> <br \/>Combat the squeeze on profits by diversifying revenue streams. Mergers and acquisitions (M&amp;A) are being used strategically to diversify portfolios and drive growth, as highlighted by recent big pharma deal-making.<\/li><li><strong>Streamline compliance for faster entry<\/strong> <br \/>Minimise the risks in an ever-changing regulatory landscape by optimising your validation processes. Streamlining compliance is essential for faster market entry and protecting revenue while meeting safety and quality standards.<\/li><li><strong>Digitise to optimise\u00a0<\/strong> <br \/>Innovate at pace by embracing digital transformation. By optimising R&amp;D, manufacturing, and distribution through advanced tools like Generative AI, companies can reduce time to market and enhance revenue.\u202f<br \/><br \/>&#8220;<em>The McKinsey Global Institute (MGI) has estimated that [Generative AI] could generate $60 billion to $110 billion a year in economic value for the pharma and medical-product industries.<\/em>&#8221; McKinsey, Generative AI in the pharmaceutical industry, 2024<\/li><li><strong>Cut emissions and costs<\/strong><br \/>Meet the demand for sustainable solutions and save money. By cutting emissions with cost-effective measures, you can reduce operational expenses by about 30%, proving sustainability can also drive revenue by lowering operational costs.\u00a0<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82e0449 elementor-widget elementor-widget-heading\" data-id=\"82e0449\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Your trusted innovation partner\u202f\u00a0<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-299d43e elementor-widget elementor-widget-text-editor\" data-id=\"299d43e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"none\">In today\u2019s fast-paced life sciences landscape, reducing time to market and boosting revenue are critical for success. Expleo\u2019s deep industry knowledge and cross-sector expertise empower companies to streamline their processes and accelerate innovation.<\/span><\/p><p><span data-contrast=\"none\">By partnering with Expleo, you&#8217;ll not only bring products to market faster but also gain a competitive edge in an increasingly complex and regulated environment. Our tailored solutions ensure you can quickly adapt to industry demands, driving sustained growth and long-term profitability.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87572d6 elementor-widget elementor-widget-spacer\" data-id=\"87572d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1a64689 gg-image-with-overalpping-text gg-image-with-overalpping-text-v2 gg-container-large elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a64689\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c3afa5d\" data-id=\"c3afa5d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c91130c gg-image-with-overalpping-text__heading elementor-widget elementor-widget-heading\" data-id=\"c91130c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Your catalyst for transformation in life sciences<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a111e40 elementor-widget elementor-widget-text-editor\" data-id=\"a111e40\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Discover how to accelerate your success with Expleo<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4e0a39 gg-button-v6 elementor-widget elementor-widget-button\" data-id=\"a4e0a39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/expleo.com\/global\/en\/industries\/life-sciences\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The life sciences industry is evolving rapidly, driven by huge R&amp;D investment and advancements in biotech.\u00a0\u00a0 The sector is poised for explosive growth, with biotechnology alone projected to reach $727.1 billion by 2025*.\u202fHowever, rising costs, complex supply chains and strict regulations are hindering companies\u2019 ability to innovate at pace. In this high-stakes environment, businesses that [&hellip;]<\/p>\n","protected":false},"author":81,"featured_media":91617,"parent":0,"template":"","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_angie_page":false,"footnotes":""},"topic":[164,144,154,212,145],"insights-single-templates":[],"industry-taxonomy":[157],"content-type":[23],"country":[141],"service":[216,361,358,362,51,83],"class_list":["post-91609","insights","type-insights","status-publish","has-post-thumbnail","hentry","topic-artificial-intelligence-and-robotics","topic-business-transformation","topic-compliance-and-regulation","topic-data-science-and-cybersecurity","topic-digital-transformation","industry-taxonomy-life-sciences","content-type-blog","country-global","service-digital-transformation","service-ai-powered-cx","service-ai-powered-software-quality","service-ai-powered-visual-inspection","service-people-and-change-management","service-transformation-consultancy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Expleo | Accelerating time to market and revenue in life sciences<\/title>\n<meta name=\"description\" content=\"The life sciences industry is evolving rapidly, driven by huge R&amp;D investment and advancements in biotech. 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