𝗔𝗜’𝘀 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝘃𝗲 𝗥𝗼𝗹𝗲 𝗶𝗻 𝗟𝗶𝗳𝗲 𝗦𝗰𝗶𝗲𝗻𝗰𝗲𝘀: 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗘𝗬-𝗣𝗮𝗻𝘁𝗵𝗲𝗼𝗻 & 𝗠𝗶𝗰𝗿𝗼𝘀𝗼𝗳𝘁 𝗥𝗲𝗽𝗼𝗿𝘁
Artificial intelligence (AI) is reshaping the life sciences sector, driving innovation across drug discovery, clinical trials, precision medicine, and manufacturing. According to the latest EY-Pantheon & Microsoft report released at BioAsia 2025, AI-driven growth in the industry is projected to reach:
📌 $16.5B in pharmaceuticals by 2034
📌 $97B in medical devices by 2028
𝗗𝗲𝘀𝗽𝗶𝘁𝗲 𝘁𝗵𝗶𝘀 𝗺𝗼𝗺𝗲𝗻𝘁𝘂𝗺, 𝗔𝗜 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗶𝗻 𝗹𝗶𝗳𝗲 𝘀𝗰𝗶𝗲𝗻𝗰𝗲𝘀 𝗳𝗮𝗰𝗲𝘀 𝘁𝗵𝗿𝗲𝗲 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀:
🔹 𝗘𝘁𝗵𝗶𝗰𝗮𝗹 𝗖𝗼𝗻𝗰𝗲𝗿𝗻𝘀 – Bias in AI models could lead to disparities in treatment recommendations, impacting the goal of truly personalized medicine
🔹 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗕𝗮𝗿𝗿𝗶𝗲𝗿𝘀 – Complex regulatory landscapes, data privacy, and security concerns require strategic compliance frameworks
🔹 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗛𝘂𝗿𝗱𝗹𝗲𝘀 – A shortage of AI-skilled professionals and resistance to digital transformation pose challenges to enterprise-wide AI deployment
👉 Five Strategic Pillars for AI Integration
To unlock AI’s full potential, the report highlights a structured roadmap:
1️⃣ AI-Driven Business Models – Embedding AI across decision-making processes.
2️⃣ Technology Infrastructure – Scalable AI solutions to support large-scale innovation.
3️⃣ Data Governance & Security – Ensuring AI models are built on high-quality, compliant data.
4️⃣ Workforce Upskilling – Addressing change management and fostering interdisciplinary expertise.
5️⃣ Regulatory & Compliance Frameworks – Strengthening AI governance, transparency, and cybersecurity.
👉 The Future of AI in Life Sciences
AI is not just about automation—it is redefining efficiency, speed, and accuracy across the entire pharmaceutical value chain. From optimizing clinical trials to accelerating regulatory approvals, AI is enabling faster, more precise decision-making.
As Suresh Subramanian of EY-Parthenon notes, organizations that invest in AI maturity today will emerge as tomorrow’s industry leaders. The challenge is no longer about AI’s potential, but rather about execution at scale.
How are pharma and medtech companies positioning themselves to leverage AI for sustained impact?
Report Link: https://lnkd.in/d3pvgQYH
At Medvolt, we harness the power of generative AI, alongside other large language models (LLMs) and deep learning technologies, through our innovative platform 𝐌𝐞𝐝𝐆𝐫𝐚𝐩𝐡.
𝐅𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬 𝐢𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐢𝐧𝐪𝐮𝐢𝐫𝐢𝐞𝐬 𝐨𝐫 𝐫𝐞𝐪𝐮𝐢𝐫𝐞 𝐚 𝐝𝐞𝐦𝐨𝐧𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧.
Visit our website: https://www.medvolt.ai or reach out to us via email: [email protected]
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