The healthcare industry has transformed from an institutional system into a service-driven system enabled by many technologies. Many healthcare services, including diagnosis, treatment, and preventive medication, have become digital and engage with patients in a personal manner. Healthcare devices such as fitness bands, trackers, and medication pumps are replacing some of the medical personnel we rely upon. This transformation at the customer level can also be enhanced with the help of new drugs. Let's understand some of the issues faced by the healthcare industry in becoming successful in manufacturing drugs.
In the following sections, we will go through some of the major issues faced by the healthcare industry. We will not only observe the issues, but make some innovative suggestions for pilot projects using blockchain and AI.
Pharmacovigilance
Pharmacovigilance (PV) can be defined as a group of activities that includes various processes...