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Top 10 Innovation Trends in Pharmaceutical Industry

Pharmaceutical (Pharma) industry is a set of public and private organizations that discover, develop, and manufacture drugs and medications (pharmaceuticals).  The 19th century is the beginning of the modern era of the pharmaceutical industry, because then it started focusing on chemical synthesis. Prior to that, for thousands of years people relied on medicinal properties of plants, animals, and minerals. The 20th century marks the unification of chemistry and physiology, which increased the understanding of basic drug-discovery processes. Today the pharmaceutical industry discovers myriad of drugs to prevent and treat even most complicated illnesses, while facing challenges of attaining regulatory approvals, confidentiality and pressure from patients.

The pharmaceutical industry invests more of its top line earnings into R&D than any other industry – roughly 15%. However pharma industry is still known as slow adopter of innovation. The reason is, that pharmaceutical industry is overly regulated, in order to ensure that medications are safe to consume. Furthermore, most of pharma companies have extremely strict internal policies, which restrict them from sharing the data with the others. It slows down the processes dramatically.

Innovation Thought Leaders Ronald Jonash and Hitendra Patel in one of their Innovation management and strategy books Healthovate! highlight:

Innovations in helping people feel better and live longer have recently exploded because of a simultaneous increase in our understanding of the health needs of consumers as well as the expansion of tools available to address those needs. This dizzying growth in demand and supply in this spectrum creates previously unimagined room for novel ideas and practices. For instance, the increased availability of information about therapeutic options have changed many people from passive consumers of health services to pro-active partners with healthcare providers in determining the best response to a health problem.

In these times of rapid changes, for Pharma companies it is not enough to focus solely on selling drugs and medications. Today the industry aims for more holistic approach with integrated services, customization and changes in life-styles. It leads to the trends, to which Pharma companies either have to respond to, or then to vanish. Top 10 Innovation Trends in Pharmaceutical Industry is an exquisite opportunity to learn how Pharma Industry is shifting to more digitized, customized and personalized era.

 

Scroll down to find out what are the Top 10 Innovation Trends that are shaping Pharmaceutical Industry.

 

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Top 10 Innovations in Transportation

Our ability to get from one place to another, nearby or distant, nowadays is taken for granted. The evolution of transportation is marked with adversities, some of which led to fascinating inventions (a wheel must be the most famous one). Over the centuries, modes of transportation were increasing in levels of complexity and efficiency in order to meet the changing needs of a humankind.

Throughout history the means of transportation evolved greatly and got us there, where we are today: traveling over globe in less than two days, crossing the channels by trains via underwater tunnels, and viewing beyond the edge of our solar system with a spacecraft. It all started with the first mean of transportation, which was, of course, the human foot.

About 3,500 BC in the Middle East was invented the wheel. By 3000 BC people tamed horses, donkeys and later camels, while Egyptians invented the sailing boat. The first paved roads were build by 312 BC. Centuries later, during the 15th century people were crossing the entire oceans by advanced sailing ships. In the phase of Industrial Revolution at 19th century people used steam-powered railway locomotives, amphibious vehicles and bicycles. In 1957 people launched man made satellite into orbit — Sputnik; in 1969 Neil Armstrong and Buzz Aldrin landed on the moon. These are only a very few examples of amazing transportation evolution.

The list of top 10 Innovations in Transportation gives us a clear picture where we are today and where we are heading in the nearest future. In this rapid speed of innovation, it may seem that we already live in the futuristic world. We drive the cars that can fly or dive, and of course the cars, that we do not need to drive at all. With the help of mobile applications, like Waze, people can send the latest updates about the situation of roads at any place in the world. What is the next step in transportation, which will exceed the expectations coming from the most creative imaginations?

Scroll down to find out what are the Top 10 Innovations in Transportation.

 

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Top 10 Women Innovators

Woman and innovation may have been considered oxymoronic by most people up until the late twentieth century. The majority of the most famous inventors and discoverers turn out to be men – in large part because women have often been denied the education and opportunity required to make similar achievements.

Thanks to slow but appreciable progress in the last several decades, women have become empowered to take on more roles as equal partners with men in science, innovation and the public sector. Despite these gains, most countries still tend to be paternalistic, which creates a glass-ceiling effect for many women.

This group of game-changing Women Innovators is not only about women who created or improved something significantly with technological or business value. This list also includes women who innovated in the realm of  politics and culture, which may be understood as creating foundational changes for further progress by women in a wide array of domains.

This list of Top 10 Women Innovators recognizes different women innovators from the early nineteenth century to the present. These women could be categorized into three groups: 1) The breakers of stigmatized rules and traditions (Marie Curie, Ada Lovelace); 2) The stars in so-called masculine fields (Indira Gandhi, Katherine Johnson); and, 3) The champions in today’s innovation environment (Michela Magas, Angélica Fuentes and Audrey Cheng).

Scroll down to find out what are the Top 10 Women Innovators.

 

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Top 10 Outdoor Innovations

The 20th of March officially marks the start of Spring in North Hemisphere. It is the time when people spend more time outdoors and try to live-up to the unexpected ideas that spring up in everyone’s head. Connecting these two – new ideas and time outdoors – we get plenty of amazing outdoor innovations.

Top 10 Outdoor Innovations fall into three categories: (1) Technology advancements for spending time in wilderness, such as Electric Bicycle Wheel and Solar Paper; (2) Safety and Protection, include Personal Water Filter and Anti-theft Carrying Bag, and (3) Bridging recycling with style, for example Terrex Sports Shoes and Recycled Fabric Outdoor Clothes.

 

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Top 10 Innovation Competitions

In modern societies everyone is enabled to create the next big thing. Innovation competitions encourage independent experts from various industries to take a part in managing innovation challenges. By definition, innovation competition is an attempt by independent agents to solve an innovation challenge of a certain company.

 

The list of Top 10 Innovation Competitions was created based on the following criteria.

The Innovation Competition must:

  1. Have more impactful and powerful outctome/solution, than an output of product development process for corporate clients;
  2. Request for breakthrough and disruptive innovations, while incremental innovation might come as an additional option;
  3. Apply crowdsourcing practices;
  4. Have well-established mentorship and leadership program;
  5. Be regionally or globally acknowledged and authoritative competition.

 

Scroll down to find out what are the Top 10 Innovation Competitions, that may generate breathtaking innovations in the nearest future.

 

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Top 10 Innovation Accelerators

The ultimate goal of innovation accelerators being established is to advance disruptive innovation initiatives. Accelerator programmes are intensive business and personal development programmes which support a small team of founders, usually with a business idea of their own. The form of the support can be one or the combination of the following: mentorship, affordable office spaces, some starting capital, etc.

A huge number of scalable startups have emerged from these accelerator programs, encouraging the other entrepreneurs. Companies, such as Dropbox and AirBNB were created in the accelerator. Today accelerators are a proven way to quickly grow a startup by learning from experts, finding great mentorship and connecting to a powerful network.

Accelerators have become the credible passage for thousands of entrepreneurs around the globe in scaling up their businesses and bringing disruptive innovations to the world.

Click on the slide arrows below to find out what are Top 10 Innovation Accelerators.

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TOP 10 Innovations in Plastics

Plastic was invented in early 20th century and although plastics have been around already for more than 100 years they are considered to be modern when compared to traditional materials like wood, stone, metal, glass and paper. Throughout the century plastics consumption has been constantly growing. Today plastics are broadly integrated into modern lifestyle and make a major, and in many cases irreplaceable, contribution to all product areas and industries.

In recent decades plastics became an essential part of numerous life changing innovation as well eco-performance enhancements and further cost-savings. List of Top 10 Innovations in Plastics enlightens how broadly plastics have been adopted and, most importantly, it proves that plastics play essential role in delivering smart ecological solutions and raising the standard of living.

Click on the slide arrows below to find out what are Top 10 Innovations in Plastics.

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TOP 10 Open Innovation Platforms

Open Innovation Platforms help broad range of organizations effectively innovate with the crowd. If in the past companies mostly relied on market research and focus groups in getting needed answers, then today companies are able to open a direct channel of communication with anyone who has interest in the company, invite to brainstorm and co-create. This is called Open Innovation.

Crowd based platforms, such as Open Innovation, seeded their roots already in early Renaissance. Centuries ago, Filippo Brunelleschi, an Italian designer and key figure in architecture organized a tournament on structural planning to successfully overcome technical hurdles in building the dome of the Florence Cathedral. Today crowd based platforms are living their Renaissance themselves and every successful company uses Open Innovation Platforms to some extent.

Click on the slide arrows below to find out what are Top 10 Open Innovation Platforms.

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Top 10 Trends of Business Innovation

Where companies are expanding their businesses, innovating and locating depend on trends. Whilst some trends are obvious and continuous (e.g. social responsibility), the other trends start out as small and eventually wind up transforming the way we live (e.g. shared economy). Business Innovation trends allow us take a peek at the future. Today organizations of wide range find it critical to know Business Innovation trends; based on these trends organizations are likely to choose the right direction and grow.

Click on the slide arrows below to find out what are Top 10 Trends of Business Innovation

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TOP 10 Innovations in Telecommunications Industry

Telecommunications literally mean the art of conveying information from a distance. Today’s definition of telecommunications is comprised around exchange of information over significant distances by electronic means. In the 1990’s Telecommunications were disrupted by Mobile Innovation; mobile phones and SMS made telecom operators incredibly profitable. Today we are the witnesses of Digital Innovation with the widespread adoption of Internet based services like Whatsapp, Skype, and similar. Due to this disruption, it is estimated, that telecom companies will lose more than $50 billion in SMS revenues alone by the end of 2016.

Check for more innovations, that are shaping telecommunications industry by clicking on the slide arrows below.

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