Study of the Role of New Technologies in Pharmaceutical Industry

Abstract

The objective of this study was to assess the importance and impact of new technologies in the pharmaceutical industry. The study also explores strategic visions for the development of technical requirements, the recognition of IT inventions that support patient care services and the assessment of pharmacists’ willingness to adopt inventions. The assumptions were therefore to assess the impact, positive or negative, of the use of new technologies on the pharmaceutical industry. Two kinds of respondents took part in collecting primary and secondary datasets. Thus, 100 participants were selected for questionnaire and 15 for interview-based data input. Pharmacy students, teachers/researchers, and employees of the pharmaceutical companies were included. The study concludes that new technologies have had a positive effect on the growth of the pharmaceutical industry. About the future, it is concluded that new technologies will give the pharmaceutical industry more advantages in expanding their businesses in their chosen fields. On the other hand, it is also concluded that some of the respondents are not satisfied with some technologies used. The study recommends that pharmacists organize training courses to educate employees on new technologies. It also suggests that Artificial Intelligence should be implemented in the pharmaceutical sector, which may not reduce the employment of individuals because this will lead to a considerable loss of Artificial Intelligence errors.