You are on page 1of 22

Digital

Intelligence
Briefing

2017
Digital Trends
in Healthcare
and Pharma
in association with
Digital Intelligence
Briefing
2017 Digital Trends
in Healthcare
and Pharma

in association with

Published May 2017 Econsultancy London Econsultancy New York


4th Floor, Wells Point 350 7th Avenue, Suite 307
79 Wells Street New York, NY 10001
All rights reserved. No part of this publication may be London W1T 3QN United States
reproduced or transmitted in any form or by any means, United Kingdom
electronic or mechanical, including photocopy, recording Telephone:
or any information storage and retrieval system, without Telephone: +1 212 971 0630
prior permission in writing from the publisher. +44 207 269 1450

http://econsultancy.com
Copyright © Econsultancy.com Ltd 2017 help@econsultancy.com Econsultancy Singapore
20 Collyer Quay
#23-01
Singapore
049319

Telephone:
+65 6653 1911
Contents

1 Executive summary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

2 A sector ripe for digital disruption. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

3 Shifting control results in a focus on the customer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

4 The future looks more promising than ever. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

5 Actionable tips to help future-proof your


healthcare/pharma business. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

6 Appendix: respondent profiles. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18


1
The 2017 Digital Trends in
Executive Summary

that companies are having to work harder


on proving the value of their drugs and
Healthcare and Pharma report services, and on their customer service, to
is based on a sample of almost retain customers and win their trust.
500 respondents working in the
• But the sector lags behind others in terms
healthcare and pharma sector1 of digital maturity. Strict regulations and
who were among more than a lack of universal standards mean that
14,000 digital professionals taking new entrants find it harder to establish
themselves, and levels of risk associated
part in the annual Digital Trends with human health are greater, which can
survey carried out in November limit innovation. Only 6% of companies
and December 2016. describe themselves as digital-first,
compared to an average of 11% across
The research, conducted by Econsultancy other sectors.
in partnership with Adobe, reveals a sector
that has just started to embark on its digital • Companies in the sector are aware of
transformation journey, but with a huge the opportunity that digital offers, and
potential for disruption through emerging investing in it accordingly. Healthcare
digital technologies. After a slow start due and pharma companies are more likely
to the complexities of a siloed sector with than those in other sectors to say they’re
legacy infrastructure, alongside heavy planning to increase their digital marketing
regulation and risks associated with patient spending in 2017 – 71% say that’s the
data and care, healthcare and pharma case, compared to an average of 64%
companies are likely to see exponential across other sectors.
change over the next few years as digital
data storage and sharing becomes the norm. • Riding the digital wave requires training,
which will be a priority for healthcare
The key findings from the research are and pharma companies over the next
summarized below. year. Training teams in new techniques,
channels and disciplines is front of mind
Healthcare companies are being for 60% marketers in the sector, up from
pushed to transform as a result of 46% in 2016.
increased consumer interest and
Organizations are prioritizing the
participation
multichannel customer journey
• The impact of the Internet of Things
and an increase in the availability of • The focus on filling digital-related skills
healthcare information have led to a shift gaps through training will help customer
in the control of healthcare and treatment journey optimization efforts for the majority
approaches to the consumer. This means of pharma and healthcare marketers.

1
The 497 healthcare and pharma respondents who took part in the 2017 Digital Trends survey were among a total of
more than 14,000 digital marketing and ecommerce professionals from all sectors who participated, from countries
across EMEA, North America and Asia Pacific.

4 Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with
Almost three-quarters say that optimizing The future
the customer journey across multiple
touchpoints will be very important for their • Healthcare and pharma companies,
marketing over the next few years. especially larger ones, will focus on the
customer experience to differentiate
• Healthcare and pharma companies are themselves from their competitors.
14% more likely than their peers in other
sectors to consider customer journey • The Internet of Things has already created
management as a top-three tactical a wealth of opportunities within the sector,
priority in 2017, with larger organizations and there are more ahead. Almost a third
even more likely to prioritize multichannel selected IoT as the most exciting prospect
campaigns and journeys, and also to join for 2020.
up online and offline data.
• Virtual reality (VR) and augmented reality
• The industry is using content as a way (AR) are being incorporated into new
of meeting the needs of consumers who healthcare technologies and systems,
are playing a more active role in their with uses ranging from training doctors in
healthcare choices. Though historically operating techniques to gamifying patient
content has been mainly used by pharma treatment plans. Over a quarter (26%) of
companies marketing to healthcare respondents see the potential in VR and
professionals, the next few years will AR as the most exciting prospect for 2020.
likely see increased content marketing
to consumers, with 29% of organizations • Digital transformation of the healthcare
surveyed prioritizing it over the next year. industry is essential, as a global ageing
population puts pressure on healthcare
• Social media is a powerful communication systems worldwide. The shift from
tool and content distribution channel, and marketing drugs and treatments to
healthcare and pharma companies clearly marketing outcome-based approaches
recognize this, with nearly two-thirds and tools to prevent illness is already
(63%, compared to an average of 55% beginning and is likely to have a big
across other sectors) planning to increase impact on marketing strategies in the
investment in social media marketing in longer-term future.
2017.

A data influx has created a need to


invest in data and analytics training

• The boom in wearables that collect


lifestyle and fitness data is of huge benefit
to an industry whose wealth of existing
data is often locked up by regulation
or in non-digitized formats. Two-thirds
of healthcare and pharma companies
see improving data analysis capabilities
as ‘very important’ for the coming year,
reflecting the need for skilled staff to
collect, distil and analyze this data influx.

• In addition, healthcare and pharma


companies are 9% more likely than their
peers in other sectors to say that data-
driven marketing is a top-three strategic
priority in 2017. Investment in data
capabilities is set to increase for many of
them.

Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with 5
2 A sector ripe for
digital disruption

Daniel J. Gandor, US Head of Takeda Digital pharmaceutical and healthcare companies


Accelerator at Takeda Pharmaceuticals, have over the release of information on
aptly summarized the impact of digital in their products and services to the general
the sector: “Digital is disrupting healthcare consumer has been weakened.
in general, whether it is the products
themselves or with patients when they look Although these developments have opened
at what they want from therapy. It is no up tremendous opportunities for the
longer just a pill – it’s pills with companion healthcare and pharma industry, progress
apps and coaching, diagnostics and is slow because it still lags behind other
personalized medicine all wrapped into sectors on the digital front. According to this
one. Digital has really been the catalyst to research, only 6% of companies describe
changing the face of healthcare.”2 themselves as digital-first, compared to an
average of 11% across other sectors (Figure
The healthcare and pharma sector has 1). Strict regulations and a lack of universal
the potential to be radically transformed by standards mean that new entrants into the
digital technology. A truly digital-first industry healthcare space find it harder to establish
could mean a reduction in health problems, themselves, and levels of risk associated
as lifestyle monitoring tools begin to predict with human health are greater, which can
and prevent them before they arise; it could limit innovation.
mean that health is not defined by the
absence of ailments or disease, but by a A report by Capgemini described the
person’s wellbeing and lifestyle. Companies pharmaceutical industry as a whole as a
within the sector would be able to shift their ‘digital beginner’, with many organizations
focus to prevention rather than treatment. just on the cusp of initiating their digital
journey. Pioneers, or ‘digirati’, who have
In some ways this is already happening, already begun to harvest the benefits
with the ‘Internet of Healthy Things’ fueling of their digital transformation programs,
innovation and wearables becoming a are outperforming their industry peers by
lifestyle choice for many. A surge in the an average of at least 26% in terms of
popularity of healthy living and exercise profitability.3
programs has developed alongside
significantly increased amounts of There is no doubt that digital opportunities
information available to consumers about abound and are ripe for the picking.
health and wellness. Digital technologies are Accenture estimated that funding of digital
making it easy for patients to access and startups in the US healthcare market would
track their health information, at the same reach $6.5 billion in 20174, and over $4
time facilitating seamless communication billion were poured into the global digital
with their providers. As health systems health sector in 2016, according to Rock
have become more interoperable and Health.5
connected in recent years, the control that

2
https://econsultancy.com/reports/embracing-digital-transformation-in-the-pharma-and-healthcare-sectors/
3
https://www.capgemini.com/resource-file-access/resource/pdf/The_Digital_Advantage__How_Digital_Leaders_
Outperform_their_Peers_in_Every_Industry.pdf
4
https://www.accenture.com/us-en/insight-healthcare-it-start-up-funding-fueling-digital-disruption
5
https://rockhealth.com/reports/2016-year-end-funding-report-a-reality-check-for-digital-health/

6 Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with
Arguably the biggest result of this investment Technology impacting the sector ranges
is in the trend towards consumers taking a from simple wearables like Fitbit and Apple
more active role in their healthcare, often Watch to ingestible sensors that continually
called ‘the consumerization of healthcare’; feed biometric data back to doctors and
exploring the options available to them and physicians and can be used to manage and
collecting and managing their health data prevent illness. An example is a partnership
through wearables and tracking tools. This between Google and DexCom, Novartis
means that their relationship with doctors and Sanofi to treat diabetes. The group has
and healthcare professionals has become a developed technologies including uploading
two-way conversation. Greater transparency glucose and insulin levels to the cloud in real
in the sector means that companies will need time through contact lenses that measure
to work harder to prove the value of their glucose levels in tears. Even the smallest
drugs and services, particularly in markets change in glucose and insulin levels can
where private healthcare is dominant. be tracked and trigger the attention of the
patient before a problem develops.

Figure 1: To what extent does digital permeate your own organization’s marketing
activities?

50%

45% 46% 46%

40%

35%

30%

25%
24%
20%
19%
15%
15%
14%
10% 11%
10%
9%
5% 6%

0%
Digital marketing is Digital permeates Digital permeates all We are a digital-first Don't know
very much separate most of our our marketing organization
marketing activities activities
Healthcare and pharma Other sectors
Econsultancy / Adobe Digital Intelligence Briefing Healthcare and pharma respondents: 349
Other sectors respondents: 4,940

Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with 7
This trend impacts pharma and healthcare This is a long way from happening, but
companies in how they market to healthcare a move towards cloud-based storage
professionals and consumers alike. As the means that far higher quantities of data
focus leans towards prevention, companies can be stored, presenting opportunities to
in the sector will need to advocate a range companies utilizing a wealth of healthcare
of services, caring for a lifestyle and not just data for research and development. An
when an illness arises. As a result, some are example is the IBM Watson Health platform,
partnering with third-party tech companies which was recently at the center of a
to augment their offerings and convey an partnership with Apple’s HealthKit health
increased focus on prevention. sensor data platform. The collaboration
is using advanced analytics and natural
An increased focus on partnerships is language processing capabilities to deliver
also arising as a result of the need to clinical decision support.
demonstrate the value of digital internally
– particularly within the established Digitization of the industry, and particularly
large companies that have the hardest of patient health data, is a significant
transformation journey ahead due to legacy opportunity and collaborations are helping
infrastructure – and to fill digital skills gaps. established companies to step up their
game. Major tech players such as Google
How medical records and patient information (in the example above), Apple, IBM and
are handled remains a challenge in a sector Qualcomm Technologies are partnering
comprised of companies with varying levels with established healthcare and pharma
of digital maturity, collecting and housing organizations to facilitate data sharing and
paper-based and digital data in different unlock insights from the wealth of digital
ways. Traditional and non-traditional health healthcare data available.
data from a large number of electronic
health records and devices will need to be
combined with historical paper-based data in
a universal format, to enable the industry to
become fully digital.

Figure 2: Proportion of company respondents saying these will be ‘very important’ for
their digital marketing over the next few years

Optimizing the customer journey across multiple 74%


touchpoints 70%

65%
Ensuring consistency of message across channels
66%

Training teams in new techniques, channels and 60%


disciplines 58%

44%
Using online data to optimize the offline experience
47%

Understanding when and where customers use 42%


different devices 45%

Understanding how mobile users research / buy 40%


products 50%

39%
Using offline data to optimize the online experience
39%

0% 10% 20% 30% 40% 50% 60% 70% 80%


Healthcare and pharma Other sectors

Econsultancy / Adobe Digital Intelligence Briefing Healthcare and pharma respondents: 270
Other sectors respondents: 1,993

8 Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with
In a paper on the digitization of healthcare6, This reflects a recognized business
McKinsey envisages the impact of the flood need for developing digital skills and
of health data into the industry resulting in understanding. In an Econsultancy report
“a world in which most care is ‘protocolized’” on digital transformation in the healthcare
– that is, in which clinical decisions on and pharmaceutical sector7, Leo Miller of
the best treatment options are suggested GSK Consumer Healthcare highlighted
to physicians by an automated decision that people are a core pillar of their digital
algorithm informed by advanced analytics. transformation program and in how they
develop their capabilities. GSK is an
This research shows that although the sector example of a company not only developing
lags behind others in its assessment of its skills internally through an unrelenting focus
own digital maturity, investment in digital on training but also looking to external
is on the rise. Across all channels and collaborations to bring in fresh talent to fill
disciplines that were explored, healthcare skills gaps.
and pharma companies are more likely (or
just as likely, in the case of personalization) Ritesh Patel of OCHWW also acknowledged
to say they’re going to increase their that the secret to long-term success
budgets. essentially amounts to hiring digitally-minded
people at all levels of the organization
North American respondents are more than and empowering them. Patel highlighted
twice as likely as their peers in Europe and the need for a culture that embraces and
APAC to say they are digital-first (7% vs. encourages innovation, a need generally
3%), which is potentially a reflection of the accepted in companies striving for digital
healthcare market in North America being change, regardless of sector. These
dominated by private healthcare providers companies are discussed in more detail in
and pharma companies which may be Section 3.
more likely to invest in technology to stay
competitive.

Increased budgets are a positive sign that


companies in the sector are preparing
themselves to ride the digital wave, and
this research shows that they are making
digital a priority internally as well as in
their products. ‘Training teams in new
techniques, channels and disciplines’, and
‘optimizing the customer journey across
multiple touchpoints’ are the two areas that
healthcare and pharma companies perceive
as more important than their peers in other
sectors (Figure 2).

Additionally, compared to last year,


healthcare and pharma companies are 30%
more likely to see training as ‘very important’
for their digital marketing over the next years
(60% vs. 46%). Over two-thirds (67%) of
large organizations (with annual revenues
exceeding $180 million) perceive training to
be very important.

6
http://www.mckinsey.com/industries/pharmaceuticals-
and-medical-products/our-insights/the-road-to-digital-
success-in-pharma
7
https://econsultancy.com/blog/68221-embracing-digital-
transformation-in-the-pharma-and-healthcare-sectors/

Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with 9
3 Shifting control results in
a focus on the customer

The shift of control from healthcare not possible in many enterprise-level


professionals and companies to the healthcare and pharmaceutical companies.
consumer is forcing the industry into a Large organizations are more likely to
customer-first mindset. Figure 2 showed have departmental silos and bureaucratic
that optimizing the journey across multiple processes – in many instances a legacy
touchpoints is the most important priority for of a tortuous history of acquisitions and
75% of healthcare and pharma respondents decentralization – as a barrier to successfully
over the next year, and it is the experience driving digital transformation. Growth
that customers have along this journey that typically comes with a reduction in agility,
sets the digital leaders apart from the rest. and the challenge will be for the larger
organizations to keep pace with the rest.
The pace of change in consumer and
patient expectations has accelerated as
a result of digital, but keeping abreast of
these changes requires a level of agility

Figure 3: Which three digital-related areas are the top priorities for your organization in
2017?

Content marketing 29%


29%
Targeting and personalization 25%
25%
Brand building / viral marketing 24%
23%
Customer journey management 24%
21%
Social media engagement 21%
29%
Multichannel campaign management 21%
16%
Video content 21%
21%
Mobile app engagement 15%
12%
Mobile optimization 13%
15%
Search engine marketing 13%
15%
Joining up online and offline data 13%
9%
Customer scoring and predictive marketing 12%
8%
Marketing automation 11%
13%
Social media analytics 10%
10%
Conversion rate optimization 9%
14%
Real-time marketing 6%
6%
Programmatic buying / optimization 3%
5%

0% 5% 10% 15% 20% 25% 30% 35%


Healthcare and pharma Other sectors

Econsultancy / Adobe Digital Intelligence Briefing Healthcare and pharma respondents: 349
Other sectors respondents: 4,929

10 Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with
As consumers have taken back the reins However, most content in the sector
of their own healthcare, preferring more originates from pharma companies
convenient ways to get medical services marketing to healthcare professionals.
and access healthcare information, it has Additionally, regulation and the wide
become the job of companies within the range of patient histories and illnesses
sector to optimize their journey to doing so. makes personalized content marketing, so
In fact, healthcare and pharma companies successful in other sectors, much more of a
are 14% more likely than their peers in challenge for this audience.
other sectors to see customer journey
management as a top-three tactical priority Social media emerges as a priority in terms
in 2017 (24% vs. 21%). of budgeting, with nearly two-thirds (63%,
compared to an average of 55% across
Companies in the sector are also more other sectors) planning to increase their
likely to prioritize multichannel campaign investment in social media marketing. Many
management (21% vs. 16%) and joining companies are still cautious with social
up online and offline data (13% vs. 9%), content because of the industry’s strict
both essential for facilitating a consistent regulations. In the past, they also feared
journey across channels. It’s apparent that that opening up pharma and healthcare
the larger organizations are especially companies to social media would result in a
committed to being agile and meeting new deluge of negative comments – for instance,
challenges, as they’re more likely to prioritize about adverse effects of drugs.
these three areas than the rest. For over a
third of organizations with annual revenues However, studies have found this effect to
exceeding $180 million, customer journey be minimal, and improved social analytics
management and multichannel campaign and automation should allow companies
management (36% and 34% respectively) to deal with negative feedback quickly
are top-three priorities, while joining up and effectively. As a result, we are seeing
online and offline data is prioritized by a more brands ensuring that social media is
quarter (25%). part of their marketing plan. Ed Bennett,
digital strategy consultant for the healthcare
The desire of consumers to increase their industry, emphasized the importance of
healthcare knowledge is being met with a using social media in the healthcare and
focus on content marketing by healthcare pharma sector: “If you want to connect
and pharma companies. Figure 3 shows that with people and be part of their community,
the biggest digital-related priority for 2017 you need to go where the community is.
is content marketing, selected by 29% of You need to be connecting before you are
respondents. Content is gradually earning actually needed.”9
its place in healthcare campaigns, and the
next few years will see content creation and The focus on training staff discussed
storytelling emerging as prominent, very previously, particularly in skills needed
much in-demand skills. to create good customer experiences,
is driven by a skills gap that is barely
One of the best ways for companies to improving, according to the survey results.
appeal to a range of different audiences The proportion of those saying they have
is through tailored content, and some big the people they need to engineer good
players are using it to their advantage. customer experiences has increased only
Philips, for example, credits content four percentage points in the last two years
marketing with its move from electronics to (from 57% to 61%). Healthcare and pharma
healthcare. Through programs like its Future companies are also less likely than their
Health Index thought leadership hub, Philips peers in other sectors to have the skills they
is seeing clear gains from quality content need (61% compared to an average of 67%
marketing.8 A strong emphasis on targeting across other sectors).
and personalization – the second most cited
priority for 2017 (25%) – will also be key in
developing and distributing tailored content.

8
https://www.marketingweek.com/2016/10/18/how-content-marketing-is-helping-philips-move-into-healthcare/
9
Social media “likes” healthcare’, Health Research Institute / PwC, April 2012

Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with 11
Often, the necessary skills are associated Figure 4 shows mobile is not a priority
with analytics and insight. Although good for most survey respondents. Though
data management is imperative regardless of consumers increasingly use mobile devices
sector, in an industry where digital disruption for healthcare purposes, only 40% of
is resulting in an influx of data from myriad healthcare and pharma companies (down
sources, the need for skilled staff to collect, from 42% in 2016) say that mobile is a
distil and analyze this data is paramount. For strategic priority (compared to 49% in
over two-thirds of healthcare and pharma other sectors). This is a surprise given
companies (67%, compared to an average the disruption coming from mobile apps
of 63% across other sectors), improving data in the sector, including businesses like
analysis capabilities is perceived to be ‘very babylon, which allows access to healthcare
important’ in delivering a great customer professionals via video and messenger, and
experience over the coming year. utilizes artificial intelligence technology10.

This parallels strategy and investment too: This research shows that while mobile
healthcare and pharma companies are 9% health solutions are increasingly popular
more likely than their peers in other sectors with consumers and the sector is brimming
to say that data-driven marketing is a top- with opportunity for delivering anytime/
three strategic priority in 2017 (75% vs. anywhere virtual care, companies in this
69%). Correspondingly, the vast majority sector are underestimating the importance
plan to increase (53%) or maintain (46%) of this channel. Patient centricity will not
their investment in marketing analytics. become a reality if healthcare and pharma
organizations are not delivering care, advice
and information via the consumers’ devices
of choice.

Figure 4: Please rank these five areas in order of priority for your organization in 2017.

Customer experience 60% 21% 12% 93%

Data-driven marketing 16% 30% 29% 75%

Cross-channel marketing 13% 21% 27% 61%

Mobile 5% 17% 18% 40%

Programmatic buying / optimization 5% 9% 11% 25%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
First choice Second choice Third choice

Econsultancy / Adobe Digital Intelligence Briefing Respondents: 328

10
https://www.babylonhealth.com/how-it-works

12 Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with
4 The future looks more
promising than ever

Technologies used by companies like Push Customer experience is the top strategic
Doctor and the aforementioned babylon are priority for the vast majority of healthcare
facilitating a change in the way consumers and pharma companies surveyed (93%,
approach healthcare. This requires an compared to an average of 90% across
adjustment in the way that healthcare other sectors) and ‘optimizing the customer
and pharmaceutical companies market experience’ is perceived to be the most
to consumers, healthcare professionals, exciting opportunity by just over a fifth (22%).
and each other. As discussed in Section As indicated by the level of investment
2, one of the biggest shifts will be towards in customer experience and related
selling products based on patient outcomes. technologies, companies in the sector seek
Novartis, a pharma company with big digital to use this to differentiate themselves from
ambitions, has acknowledged this and is competitors over the next five years. Just
using it to drive innovation.11 under a third (30%) of organizations (and
the highest proportion) said this would be a
key differentiator for them, but when split by

Figure 5: Over the next five years, what is the primary way your organization will seek
to differentiate itself from competitors?

Customer experience – making the experience on our 40%


properties easy / fun / valuable 24%
Customer service – enhancing our reputation for 21%
brilliant service across all touchpoints 22%
18%
Product / service innovation
17%
11%
Product / service quality
20%
Joining up online / offline experiences – ensuring 6%
consistency across virtual and physical worlds 6%
3%
Mobile – catering to mobile shoppers / buyers
4%
Convenience e.g. fast delivery, in-store pickup, buy 1%
online return-to-store etc. 5%
0%
Price
1%
0%
None of the above
1%

0% 5% 10% 15% 20% 25% 30% 35% 40% 45%


Organizations with annual revenues of more than $180m
Organizations with annual revenues of less than $180m

Econsultancy / Adobe Digital Intelligence Briefing Respondents: 305

11
http://www.mckinsey.com/global-themes/leadership/novartis-on-digitizing-medicine-in-an-aging-world

Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with 13
Customer experience is the top strategic
priority for 93% of companies

revenue, the larger organizations (such as Figure 6 shows the areas that pharma
Novartis) emerge as nearly twice as likely as companies are seeing as the most
smaller organizations to say so (Figure 5). exciting prospect over the next few years.
The Internet of Things and connected
This is likely as a result of higher budgets devices are the most exciting for a third of
allocated to innovation and digital initiatives. respondents, probably as a result of them
Pfizer is an example of a large pharma currently being the most tangible product
business that is planning for the future of digital disruption, with concrete and
through experimentation at grassroots successful examples of use cases. By 2025,
level. The company’s mantra is to fail Intel predicts that the global worth of IoT
inexpensively until success is found, and technology from healthcare devices will
execute it through its ‘Dare to Try’ program.12 amount to $2.5 trillion, and by 2020, it will
This aimed to change the culture of the add $285 billion of healthcare provider value
organization to enable agility and change, to the global economy.13
and the program is now a branded feature of
the company.

Figure 6: Looking ahead, which of these do you regard as the most exciting prospect
for 2020?

Internet of Things / connected devices e.g. wearables,


31%
audience tracking

Engaging audiences through virtual or augmented


26%
reality

Utilizing artificial intelligence / bots to drive campaigns


23%
and experiences

Enhanced payment technologies e.g. mobile wallets, e-


9%
receipts

Voice interfaces e.g. Amazon Echo, Google Home 6%

Other 5%

0% 10% 20% 30% 40%

Econsultancy / Adobe Digital Intelligence Briefing Respondents: 352

12
https://econsultancy.com/blog/68861-digital-transformation-in-pharma-pfizer-s-dare-to-try-project/
13
http://www.intel.com/content/www/us/en/healthcare-it/solutions/documents/iot-healthcare-policy-principles-paper.html

14 Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with
Over time, the rise of telemedicine and It has taken some time for the healthcare
diagnostics using artificial intelligence and pharmaceutical sector to get moving
technology will see AI moving to front of with digital, but as paper documentation
mind for healthcare organizations. These gives way to cloud-based data collection,
technologies have the potential to disrupt and businesses capitalize on the data that
businesses that are based heavily on consumers are providing through the Internet
physical facilities and staff. of Things, we could see rapid transformation
in the sector in the next few years.
Virtual and augmented reality are the second
most exciting prospect for 2020, selected The value in this is enormous – not just
by 26% of respondents. Just one example monetarily but in terms of health to the
of virtual reality (VR) being applied in the millions of patients whose treatment may
healthcare and pharma sector is the training be improved or even made unnecessary
of junior doctors, who would otherwise find through earlier diagnosis and preventative
it difficult to gain experience of operating actions. This could be vital to ensure the
on patients. VR is being used to create sector does not collapse under the weight of
numerous life-like, pre-programmed training a global ageing population, which is already
situations that allow doctors to respond and putting enormous pressure on healthcare
practice on robots rather than humans. In the systems worldwide.
future, planned partnerships of the VR and
robotic technologies with Oculus Rift could
see this type of training taken even further.14

Virtual and augmented reality are also


being used to gamify treatment that would
otherwise become mundane, in an aim to
increase adherence to treatment; again in
keeping with an outcome-based focus. For
instance, physiotherapists are beginning
to use VR to make repetitious movements
into a game offering tracking and feedback,
benefiting both the patient and the physician
in terms of the data collected, which can
be used to improve the current patient’s
outcome, and to guide future treatments.

14
https://www.theguardian.com/healthcare-network/2016/oct/19/virtual-reality-game-healthcare-hospitals-simulation

Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with 15
5
Actionable tips to
help future-proof your
healthcare/pharma
business

1. Allow the customer to take control Being able to deliver marketing messages
and accept a shift to an outcome- in whichever format your customer wishes
based approach in order to keep to consume them will result in higher
up engagement and advocacy. Those who give
consumers the choice will win the race in this
The wealth of information now available new transparent environment.
to consumers on the healthcare options
available to them means that their ability to
shop around has increased. They are taking
control of their own healthcare and driving 3. Invest in digital skills that can
change, opting for more convenient ways to make use of an influx of data in the
get medical services and access healthcare sector
information.
The healthcare and pharma sector is data
Companies that adopt an approach of rich, and only getting richer. Consumers
assisting consumers with their health over are generating vast amounts of data in
the long term, both in the treatment and their everyday lives, but these sources
prevention of illness, will win their trust. of information often remain untapped.
It’s not about relinquishing control, but This pool of (increasingly real-time)
about acknowledging the fact that the way healthcare intelligence can help provide a
healthcare services are accessed and used care continuum for patients at a personal
is changing, and flexibility in your approach level. Ensure your business has the right
is required in order to keep up with these technology and data skills to take advantage,
changes. as digitization of health records creates
opportunities for both healthcare and pharma
companies and their customers.

2. Cater for the consumer desire for Though strict regulations still represent one
information through all channels of the most difficult barriers to overcome,
startups specializing in data collection and
Effective marketing now requires analysis are beginning to emerge. Partnering
communication across all channels, with with these startups might be an easier route
consistent messaging and a smooth journey for those struggling to be agile and nimble
across channels and devices. Consumers with the data they have access to, or bolster
are increasingly expecting the same level the internal data they have.
of experience from the brands they interact
with, whether they’re incumbent players in
the B2C sector or healthcare providers.

16 Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with
The healthcare and pharma sector
is data rich, and only getting richer

4. Facilitate internal change through a


culture of encouraging innovation
that can be scaled up if successful

Healthcare and pharma organizations need


to adopt a startup approach and create
a culture that encourages and embraces
innovation, supporting the ability to fail by
enabling experimentation in an agile fashion,
but without compromising compliance. These
experiments, controlled in scope and size,
can be run on a smaller scale and used to
prove or disprove hypotheses. There’s also
an added benefit: the insights can be shared
across the organization, helping to develop
skills and creating the right environment to
facilitate a focus on innovation in the future.

Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with 17
6 Appendix: respondent
profiles

Figure 7: In which region are you based?

60%

57%

50%

40%

30%

20% 22%

10%
10%
8%
1% 1% 1%
0%
North America Europe Asia Australia / New Middle East Africa Other
Zealand

Econsultancy / Adobe Digital Intelligence Briefing Respondents: 497

18 Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with
Respondents based in Europe
Figure 8: In which of the following countries are you based?

UK 20%

Germany 14%

France 11%

Sweden 10%

Denmark 8%

Switzerland 6%

Italy 5%

Belgium 5%

Spain 5%

Netherlands 4%

Norway 1%

Finland 1%

Austria 1%

Other 9%

0% 10% 20% 30%

Econsultancy / Adobe Quarterly Digital Intelligence Briefing Respondents: 108

Respondents based in Asia Pacific


Figure 9: In which of the following countries are you based?

Australia / New Zealand 45%

India 28%

Thailand 6%

Malaysia 5%

Singapore 5%

Philippines 3%

China 3%

Taiwan 2%

Indonesia 1%

Other 2%

0% 10% 20% 30% 40% 50%

Econsultancy / Adobe Quarterly Digital Intelligence Briefing Respondents: 87

Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with 19
Figure 10: What best describes your job role?

Manager 35%

Junior executive / associate 18%

Director / senior director 16%

C-level / general manager 2%

Board level 2%

VP / SVP / EVP 2%

Other 25%

0% 10% 20% 30% 40%

Econsultancy / Adobe Quarterly Digital Intelligence Briefing Respondents: 497

Figure 11: Are you more focused on B2B or B2C as a business?

40%

37%
35%

33%
30%
30%

25%

20%

15%

10%

5%

0%
B2C B2B B2B and B2C (equally)

Econsultancy / Adobe Quarterly Digital Intelligence Briefing Respondents: 496

20 Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with
Figure 12: What is your annual company revenue?

30%

27%
25%

20%
19%
17%
15%

13% 13%

10% 11%

5%

0%
<$1.2 million $1.2 – $12 million $12 – $60 million $60 – $180 $180 million – More than $1.2
million $1.2 billion billion

Econsultancy / Adobe Quarterly Digital Intelligence Briefing Respondents: 271

Digital Intelligence Briefing: 2017 Digital Trends in Healthcare and Pharma In association with 21
Digital
Intelligence
Briefing
2017 Digital Trends
in Healthcare
and Pharma

in association with

Published April 2017 Econsultancy London Econsultancy New York


Wells Point 350 7th Avenue, Suite 307
79 Wells Street New York, NY 10001
All rights reserved. No part of this publication may be London W1T 3QN United States
reproduced or transmitted in any form or by any means, United Kingdom
electronic or mechanical, including photocopy, recording Telephone:
or any information storage and retrieval system, without Telephone: +1 212 971 0630
prior permission in writing from the publisher. +44 207 269 1450

http://econsultancy.com
Copyright © Econsultancy.com Ltd 2017 help@econsultancy.com Econsultancy Singapore
20 Collyer Quay
#23-01
Singapore
049319

Telephone:
+65 6653 1911

You might also like