KPMG - Trends in the Life Sciences Industry

The life sciences industry is seeing a significant expansion in digitalisation and data. This report identifies over seventy trends in the industry, including major data-driven innovations such as AI-based smart body implants, smart and connected diagnostic devices, the use of blockchain technology, decentralised production, and Industry 5.0. It also focuses on the digital and data-driven footprint of the industry and highlights the cyber risks associated with each of the innovations, suggesting key cyber security measures to tackle them. The report is structured into three sections of the life sciences value chain, covering R&D, manufacturing and supply chain, and commercial organization. It highlights the potential risks such as data loss, manipulation, and production manipulations, and suggests countermeasures such as digital rights management, smart production device cyber security, and secure software development.