Abstract
This Health Industry Insights report provides guidance on life science IT
spending trends based on a detailed evaluation of survey results. This research
further evaluates how spending sentiment and behavior differ by various
industry subsegments based on company size (1,000 or more employees and fewer
than 1,000 employees), organization type (pharmaceutical, biotech, government,
academia/research hospital, and CRO/CMO), and functional area (basic research,
preclinical drug development, clinical trials, manufacturing/distribution, and
sales and marketing). Health Industry Insights' Leading Indicators in Life
Science
IT Spending Survey is a quarterly research effort that probes end-user opinions
throughout the life science value chain on planned IT spending, technology
adoption attitudes, perspectives on leading vendors, and other IT-related
topics. This data was gathered via a Web-based survey, which yielded 178
participants, 62% of whom are manager level or above within their respective
organizations.
Eric Newmark, a research manager at Health Industry Insights, stated, "IT
spending in the life sciences remains strong, with 35% of the market expecting
to increase overall IT spend during 2008. As cost reduction becomes more
critical, companies are moving toward COTS applications that can be more easily
outsourced. They are also avoiding customization at all costs and implementing
corporatewide standardization and rationalization initiatives."
Table of Contents
- Table of Contents
- Health Industry Insights Opinion
- In This Report
- Methodology
- Organizational Demographics
- Table: Respondents by Type of Organization
- Table: Respondents by Company Revenue, 2006
- Respondent Demographics
- Table: Respondents by Functional Area
- Table: Respondents by Level of Responsibility
- Table: Respondents by Extent of Decision-Making Influence
- Situation Overview
- Executive Summary
- IT Budget Focus: Hardware, Software, and Services
- Figure: Expected Change in Organizational IT Budget over the Next 12 Months by Segment
- Figure: Reasons for Expected Functional Area Budget Increase, 2Q07-4Q07
- Survey Findings
- Compliance and IT Spending
- IT Spending by Type of Technology
- Figure: Compliance Drivers of IT Spending, 2Q07-4Q07
- Table: Expected IT Spending Change by Area (% of Respondents)
- Budget Priorities for IT Spending
- Figure: First and Second Budget Priorities by Core IT Spending Segment
- Favored Vendors for Overall IT Spending
- Figure: Vendors Planned for IT Spending over the Next Six Months by Segment
- RFID in the Life Sciences
- Figure: Pharma RFID Adoption Level
- IT Outsourcing - Sales and Marketing and Manufacturing
- Sales and Marketing
- Figure: Expected Change in Outsourcing of Sales and Marketing IT over the Next 18 Months
- Figure: Providers Used for Sales and Marketing IT Outsourcing
- Manufacturing
- Figure: Expected Change in Outsourcing of Manufacturing IT over the Next 18 Months
- Figure: Providers Used for Manufacturing IT Outsourcing
- Evolving Trends in the Use of Drug Development Tools in the Life Sciences
- Figure: Leading Drug Development Tools Already Adopted, 4Q07
- Figure: Leading Drug Development Tools Being Evaluated, 4Q07
- Confusion over the Mandate for Electronic Submissions
- Figure: Expected Impact of Electronic Submissions by Function
- Future Outlook
- Essential Guidance
- Learn More
- Related Research
- Synopsis
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