Nothing is permanent in business. Just when it seems that there is an obvious trend or pattern to the way things work, someone comes along to disrupt the market and change the way everyone operates. With that in mind, it is worthwhile to take a look at the trends to watch over the coming year in the life sciences market.
Developing new products in the life science world is a daunting task. Well, to be fair, developing a new product in nearly any sector is a major challenge. This is particularly true with life science tools, considering the significant development time – and financial investment – which tends to be required. Of course, a successful company is going to have to get over this hurdle, one way or another. Without a successful new product development initiative, a company will struggle to remain relevant in the market.