Opportunities and Challenges of the Pharmaceutical Industry
Mr. Mojtaba Shahdoost is the founder of Darou Afshan Shaygan, a leading pharmaceutical company in Iran. Mr. Shahdoost has shared his thoughts regarding the challenges the pharmaceutical manufacturing industry has been facing and where the opportunities for its growth are.
within the last decade, the pharmaceutical industry has undoubtedly experienced a large number of transformative innovations and trends that have quickly enhanced the medicines available to people around the globe.
On the other hand, a few crucial challenges and opportunities have emerged for the pharmaceutical industry in recent months as they have raced to develop a Covid-19 vaccine while trying to aid their employees to stay focused when working from home.
Meanwhile, established developments in the life sciences market, including wearable health-related technology and patient-centricity, seem to be attracting more prospects. Thus, these swift changes which are combined with a decrease in the global market may suggest that it’s finally the time in which pharmaceutical companies mainly focus on making the patient’s voice fully heard.
Almost all industries were somewhat affected by the Covid-19 pandemic however, the huge impact of this recent pandemic on the pharmaceutical market is surely undeniable. Since the outbreak of the pandemic, a rather large number of pharmaceutical companies have redirected and repurposed their resources towards developing a Covid-19 vaccine or covid-19-related drugs and supplements.
Doing so has brought about both some challenges and a number of
