| | November 20194EditorialPharmaceutical & Life Sciences industry is evolving rapidly in India. The life sciences industry is now the third-largest contributor to reducing India's merchandise trade deficit. The industry generates around USD 10 billion of trade surplus every year, allowing it to neutralize around 4 to 5 per cent of total energy imports for India. The sector is seeing a strategic rise of the digital mindset and further adoption of transformative technologies. The digital age requires more transparency and disclosure and a need for real relationship-driven partnerships is extending to all sector stakeholders - patients, advocacy groups, and regulators - and also to outsourcing vendors critical to the supply chain. Data is becoming the force behind new revenue models and crucial to understanding and delivering an exceptional patient experience. The industry faces a compelling strategic imperative for external innovation. The simultaneous hunt for next gen medicines against declining R&D returns make external deals a key innovation source for companies. It is likely to be the dawn of a new age of deal-making, especially, for companies looking to take the lead in next-generation therapies. A driving force in this scenario is the Indian government's Ayushman Bharat scheme, aimed at achieving universal healthcare. With a planned coverage of 50 crore beneficiaries, Ayushman Bharat is one of the largest schemes of its kind globally and has the potential to transform Indian healthcare, as per a Bain & Company report. Life sciences companies in India have a relatively low penetration rate outside of urban centres, which indicates an opportunity for them to expand. A segment that will enjoy the lion's share of this growth, according to Bain, is the nursing homes sector. With these developments, innovators are sprouting and making hay out of it. In this issue, CIOReviewIndia brings to you a list of 20 Most Promising Pharma & Life Sciences Tech Solution Providers who have proved their mettle in this domain with their innovative approach. These companies pride themselves on keeping abreast of the latest technological advancements in this domain and leveraging them to their full potential. We hope this issue gives you helpful insights into this market landscape. Sudhakar SinghEditorsudhakar@cioreviewindia.comPatient Experience Becomes Paramount PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine/ or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarAlok ChaturvediGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamCIOReviewIndiaNo. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Vimalraj MVeena R PSuanyaEditorSudhakar SinghVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Printed and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Copyright © 2019 Bizprint Media Technologies Pvt Ltd, All rights reserved. Re-production in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.NoidaTel 120 4639300Anitha TLakshmi GSuchita GonsalvesSamrat PradhanJanifha EvangelineTeja BoncheruvuSales & MarketingAmrit SinghRavi Kalgi Rohit RaghubanshiMadan D SVOL 7 · ISSUE 11 - 3 · NOVEMBER 13, 2019
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