J&J Report: 4 Trends Impacting The Healthcare Industry In 2017

We live in a time of extraordinary innovation and technological change. With a touch on a smart phone, we can pay bills, summon a ride, and instantly communicate with anyone in the world. Yet healthcare has been slower to take advantage of these innovations. In fact, many of the ways we think about disease and medicine are firmly rooted in the 20th century, or even back in the Industrial Age.

No longer. Advances in science and technology have created new opportunities in treating and preventing disease, as well as promoting health and wellness, that once seemed possible only in science fiction. We can now envision reading everyone’s entire genetic code—and even printing personalized DNA drugs. Our devices can measure everything from heart rhythms to blood sugar and analyze that data in real-time to spot troubling trends. We are beginning to focus on the genetic drivers of diseases instead of on where in the body those diseases originate.

“The time has never been more exciting than today because of new technologies, new platforms and new insights on what is happening in biology,” says Paul Stoffels, Chief Scientific Officer of Johnson & Johnson. “Unprecedented—and yet key—discoveries pose a series of incredible opportunities to prevent and intercept diseases.”

Realizing these possibilities is difficult, however. Especially when the new approaches challenge traditional business models. At an event organized by Johnson & Johnson Innovation earlier this year in San Francisco, about 50 participants from across the industry discussed the major trends that are transforming healthcare, and how to foster an environment that encourages these innovations.

This report builds on those conversations, along with additional interviews and research. Some of the ideas discussed aren’t new—the goal of preventing disease instead of waiting to treat it dates back at least a century. But technological advances and scientific breakthroughs are for the first time presenting new possibilities for turning these ideas into reality.

By Xconomy

Illustration Credit: Xconomy

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About Peter Coffaro 1136 Articles

A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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