Compendium admissions 2023-25
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- Big Data Analytics
- Real-World Data
- Pharmaceutical Value Chain
| Artificial Intelligence - AI & ML is accelerating the drug discovery & development processes. Startups are exploring the use of these technologies to address the challenges like automation and optimisation of the manufacturing processes and designing effective marketing and post-launch strategies. Big Data & Analytics - The large volumes of data available throughout the drug discovery and development process require high-performance systems to analyse data properly and derive value from it. The advancement in analytical techniques is also turning historical and real-time data available with pharmaceutical companies into valuable assets for predictive, diagnostic, prescriptive, and descriptive analytics. Analytics techniques are used on all medical data sources like patient records, medical imaging, hospital data, etc. Real-World Data - Real-world data (RWD) and real-world evidence (RWE) are transforming innovations in the pharmaceutical industry. RWD includes patient health status, treatment data, and health reports collected routinely. This is enabled by the Internet of Things (IoT), sensors, and wearables restructuring the way the pharma industry is functioning. 23 c) Pharmaceutical Value Chain db Sources for in-depth analysis and further reading https://www.ibef.org/industry/pharmaceutical-india.aspx https://www.makeinindia.com/sector/pharmaceuticals Automotive a) Overview In terms of market size, the Indian passenger car market was valued at US 32.70 billion in 2021, and it is expected to reach a value of US 54.84 billion by 2027 while registering a CAGR of over 9% between 2022-27. India is currently shifting focus to electric cars to reduce emissions. In terms of electric vehicles (EVs), in Q FY, sales reached anew high of 5,592 units. Overall, in 2021, 329,190 EVs were sold in India, indicating a 168% YoY growth over last year's sales of 122,607 units. A report by India Energy Storage Alliance estimated that the EV market in India is likely to increase at a CAGR of 36% until 2026. In addition, a projection for the EV battery market is forecast to expand at a CAGR of 30% during the same period |