Molex Announces Global Survey Results on Digital Health and Future of Pharma
LISLE, Ill., May 4, 2021 /PRNewswire/ -- Molex, a leading global connectivity and electronics solutions provider, and its medical device delivery division, Phillips-Medisize, today announced the results of a global survey of pharmaceutical executives assessing their business strategies, real-life experiences and opinions about the future of digital drug delivery. The findings validate the growing adoption of digitized drug delivery, with a third of those polled already marketing one or more therapies. At the same time, 65% expect most of their companies' drug delivery options to be digitized within a decade.
"It's encouraging to see the groundswell of interest in digitizing drug delivery to improve patient care and produce better outcomes," said Paul Chaffin, president, Medical and Pharmaceutical Solutions, Molex. "The future of pharma lies in the design and development of patient-focused devices that are easy to use and can collect and connect data seamlessly and securely to personalize treatment while driving increased medication adherence."
Molex and Phillips-Medisize commissioned Dimensional Research to conduct The Digital Health and The Future of Pharma Survey in April 2021, polling 215 qualified pharmaceutical professionals representing a range of roles and regions. All survey respondents were stakeholders in a range of digital drug delivery devices designed to provide a variety of patient benefits, such as deliver correct dosages, track usage, interface with diagnostic devices, as well as record and share dose data for electronic medical records or patient reference.
Other findings iclude:
Improving Patient Outcomes
When comparing the potential benefits of digital drug delivery to traditional methods, 67% of those polled felt that digitized offerings would yield "dramatically" or "notably better" patient outcomes. In ranking the top three potential business benefits by using digital drug delivery solutions, pharmaceutical decision-makers cited cost reduction of treatment through increased adherence (60%), improved efficiency by targeting labor-intensive behavioral support (54%) along with more efficient and scalable means of providing patient support (53%).
The survey results revealed a common theme: To increase adherence and improve outcomes, patients must come first, and this, in turn, will reduce healthcare costs. The New England Healthcare Initiative (NEHI) cites poor medication adherence as being responsible for $290 billion in "otherwise avoidable medical spending" in the U.S. each year. The NEHI also reports that of the 187 million Americans who take one or more prescriptions drugs, up to half do not take their medications as prescribed.
In terms of the top three therapeutic areas with the most significant opportunities for digital delivery, survey participants cited endocrine/metabolism (64%), respiratory (57%) and inflammatory/immune (52%). However, more than half of those surveyed expect digital drug delivery to improve patient outcomes for many types of drugs.
Nearly all of those polled identified needs for external expertise to meet emerging requirements, including safe and reliable production of devices (65%), networking and connectivity (58%), data privacy and security (52%), user interface and customer experience (50%), the feedback loop to providers and caregivers (47%) and integration of sensing technologies (42%).
Molex and Phillips-Medisize
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SOURCE Molex Incorporated
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