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The Personalized Health Paradigm: Transforming the Pharmaceutical and Healthcare Industries for the 21st Century

Published by: IDC

Published: Oct. 3, 2006 - 18 Pages


Table of Contents


Table of Contents
Health Industry Insights Opinion
In This Report
Situation Overview
What Is Personalized Health?
Figure: From Discovery to Payer: The Contribution of Knowledge to the Personalized Health Landscape
Key Stakeholders in Personalized Health
Figure: Topics Driving Key Personalized Health Stakeholders
Pharma Discovery Perspective
Clinical Development Perspective
Patient Perspective
Provider Perspective
Payer Perspective
Drivers Supporting the Adoption of Personalized Health
The Growing Wealth of Biological Data
Increased Ability to Transform Data into Knowledge
Increased Electronic Access to Knowledge
Targeted Disease Therapeutics, Especially in Areas with High Unmet Needs
Intellectual Property Enabling Development Funding
Agility of Biotech Companies to Pioneer New Market Opportunities
Disease Advocacy Groups (With or Without Funding or Biobank Samples) Driving Targeted Demand
Broad Availability of Technology Platforms to Transform Research Discoveries into Clinical Diagnostic Tools
Decreased Downstream Costs
Expected Barriers to the Adoption of Personalized Health
Reduced Market Sizes
Transforming Pharmaceutical Industry Momentum from the Blockbuster Model
Unequal Distribution of Cost/Benefits for Innovative Healthcare Delivery (e.g., Remote Health Monitoring, Email Patient/Physician Interactions)
Concerns over Personal Healthcare Information Privacy and Security/Patient Confidentiality
Premium Pricing for Orphan or Other Novel Therapeutics
Intellectual Property Concerns
Future Outlook
Industry Impact of Personalized Health
For the Life Science Industry
For Clinical Development
For Patients
For Providers
For Payers
Areas to Watch for Key Milestones Indicating Progress
Essential Guidance
Actions to Consider
The Pharmaceutical and Biotechnology Industries
Clinical Development
Healthcare Providers
Healthcare Payers
Learn More
Related Research
Synopsis

Abstract

This Health Industry Insights report examines the emerging area of personalized health. This report provides a foundation for future discussions by defining the landscape, identifying the major drivers and barriers to adoption, anticipating how personalized health will impact the major stakeholders in both the life science and healthcare value chains, and recognizing likely indicators that track adoption. This and future reports provide actionable strategic insights that pharmaceutical companies, supporting industries, healthcare providers, and healthcare payers should consider during the anticipated transformation of the life science and healthcare industries toward personalized health.

"The anticipated loss of the traditional blockbuster model, the shift toward outcomes-based medicine, and the strong need for restraint in healthcare costs is forcing a shift toward knowledge-based personalized health solutions that is beginning now. The signs are there if you know where to look," said Alan Louie, Ph.D., research director for Health Industry Insights.



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