Insight

What to Expect from Life Sciences – Pricing Trends and Predictions 2020

February 5th, 2020 (Updated 03/23/2021)

Radha Patel
Solution Strategy Ninja at Pricefx

Pricing Predictions and Trends for 2020: Life Sciences  Life Sciences is the umbrella term for companies and research organizations dedicated to improving organism life (human, animal, plant), and includes pharmaceutical, biotechnology, and environmental sciences, among many others.  The Life Sciences industry is in constant flux as breakthroughs continuously disrupt the status quo, impacting the economy and job growth.  Predictions:  According to the Deloitte Global Healthcare Outlook for 2020, global healthcare spending is expected to continue to slow in the short term (as it did from 5.2% in 2018 to 3.2% in 2019, thanks to currency shifts and geopolitical pressures like trade tensions and Brexit). But in the longer term, it is expected to rise, with a compound annual growth rate (CAGR) of 5%,...

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