Why is the life sciences industry so big?

why-is-the-life-sciences-industry-so-big

The treatment of health problems has been part of human life since the beginning of time, and with today’s technology, operating in the research, development, and manufacturing of pharmaceuticals, biotechnology-based products, medical devices, biomedical technologies, among other products used to improve the lives of people, comes down into the life science industry.

Not only do humans benefit from the advancement in the life science industry, but all living organisms can also be assisted, from animals (pets and wildlife) to the microorganisms in our gastrointestinal system that help the metabolism of food and absorptions of nutrients.

Thanks to the multifunctionality in which health improvements have reached and are paving the way into a future of endless possibilities, the life science industry is getting bigger and bigger with each technological advancement, besides the different focuses existing in the life science manufacturing industry.

Different focuses within the life science manufacturing

These three focuses we will describe are not the only ones but are the most known:

Medical devices:

different-focuses-within-the-life-science-manufacturing

In this branch, companies develop and manufacture medical and surgical instruments and also innovate and improve in the diagnosis, prevention, monitoring, and treatment of medical conditions.

Every instrument needed to get quicker results to obtain a solution looks like the main goal, from working with the patient to optimizing the skills and knowledge of the medical personnel.

Every medical device is an instrument for professionals to give solutions to the patient, a machine, an implant, an apparatus, and even combine physical tools with software for a better emergence of health advocacy for all present and future generations.

Biotechnology:

Biotech combines a fair number of disciplines such as biology, physics, chemistry, and mathematics. The companies use the processes of living organisms to manufacture products, food, and medicinal products or solve challenges, including nutraceuticals and cosmeceuticals.

It doesn’t limit itself to products only to improve the human lifespan. It can work with generating higher food growth and creating biofuels to reduce greenhouse emissions.

Pharmaceuticals:

Companies in charge of developing and distributing medicines to cure, treat, or prevent diseases and conditions, such as oncology and orphan drugs. Pharmaceutical companies may produce generic or innovative medications that need to be well under regulatory compliances to be accepted as a working pharmaceutical medicine treatment.

Biopharma:

A combination of biotechnology and pharmaceuticals, knowing that the difference between both is the main resource for producing their products. Biotechnology derives their products from living organisms, while pharmaceutical has a chemical basis, so biopharma is a combination of both resources.

Branch of companies assisting Life Science manufacturing companies

Contract Research Organizations (CROs) / Contract Manufacturing Organizations (CMOs)

These organizations play a supporting role in all life science companies. Also known as Contract Development and Manufacturing Organizations (CDMOs) support the efforts of researching, testing, refining, and manufacturing their clients’ products.

These branches or divisions assist the main branch in focusing their energy on either the cybersecurity of their data, innovating, or the marketing side of their products.

Compete with the tech giants with the right network

Tijuana EDC is part of a Binational Region where CROs and CMOs operate and have a network of manufacturing companies in the Life Science industry. If you need to know more about the options, Tijuana could open for your company, send us an email at contact@tijuanaedc.org, or call us at Tel. (664) 681-8344