INDUSTRIES LIFE SCIENCES Life Sciences Industry Solutions Learn more about how PTC can help you accelerate digital transformation across your value chain to ensure business continuity, maximize revenue, and improve patient outcomes. INDUSTRY TRENDS BUSINESS GOALS REAL-WORLD RESULTS TECHNOLOGIES NEWS & RESOURCES CONTACT SALES Industry trends impacting life sciences COVID-19 driving mixed demand for products COVID-19 has created unprecedented uncertainty in the life sciences industry, with some seeing unprecedented demand, and others cutting sales forecasts. Increasing stringent regulations Recent legislations place tighter requirements on traceability and quality throughout supply chain. Growing risk and price pressures Pharma revenue at risk from patent expiries with pharma giants forced to compete against generics. Meanwhile, the life sciences industry as a whole faces price pressure from payors and governments around the world trying to cut healthcare costs. Increasing new market entrants and competition New and non-tranditional life sciences market entrants are on the rise and accelerating NPI and time to market for the industry as a whole. Acceleration of digital disruption Technologies like IoT, AI, and machine-learning will bring innovative therapies faster and with lower costs. Driving measurable value for the life sciences industry Digital transformation in the life sciences industry is accelerating admist the backdrop of COVID-19. Companies are looking to technology to help them drive business continuity, maximize revenue growth, and improve patient outcomes at every step along the value chain. Learn more about how PTC has helped life sciences customers gain a competitive advantage with technology: MAXIMIZE REVENUE GROWTH IMPROVE EFFICIENCY REDUCE COMPLIANCE COSTS MAXIMIZE REVENUE GROWTH Generate new revenue streams by delivering products as a service, or maximize existing product revenue streams by with solutions that enable better product differentiation, maximized throughput, or faster time to market. MAXIMIZE REVENUE GROWTH Medical device companies are primed for digital transformation— which can be difficult to undergo when navigating an ever-changing regulatory compliance landscape. Across the entire product lifecycle, from product design to the customer, traceability and audit-readiness in product information are crucial to innovation, increased efficiency, maximized revenue growth, and more. Learn how PTC’s customers are overcoming their challenges with PTC’s solutions for regulation and risk management and Internet of Medical Things (IoMT). EXPLORE SOLUTIONS Real-world life sciences and medical devices results PTC’s solutions are helping leading life sciences companies to get ahead of the competition. See how our solutions for the medical device industry are making an impact. Reduce service costs and increase customer satisfaction with PTC Discover how new business models can help you deliver higher-quality service, while minimizing costs and driving customer satisfaction. Internet of Medical Things (IoMT) solutions have redefined the service delivery model by offering: remotely monitored medical devices from any location machine data analysis for timely service decisions faster first-time fix rates and time-to-resolution DOWNLOAD THE EBOOK Techologies for the life sciences industry Industrial IoT Product lifecycle management Augmented Reality Computer-aided Design Increasing customer satisfaction in times of disruption Realize the benefits of medical devices enhanced by IoT How the IoMT is impacting medical device manufacturers Bose: Leading the market in quality amidst product diversifica.... Uniting quality and PLM in medical devices High Value Service Strategy Assessment Learn more about how PTC can help you drive results Contact PTC today to hear about our life sciences solutions. CONTACT PTC About Us Products Education Try & Buy Leadership Investor Relations News Partners Events Global Locations © Copyright 2021 PTC Legal Security Privacy Policy Cookies Settings Cookies Settings Accept All Cookies