Life Sciences Customer Experience Platforms (CXP) Adoption Playbook
Market Report

5 Aug 2024
by Durga Ambati, Rohit K., Panini K

Following the pandemic, industries began investing in personalized Customer Experience (CX) worldwide, including the life sciences commercial sector. To stay resilient and keep pace with the evolving landscape, the life sciences industry is adopting technology to differentiate for end-users. However, outdated tools and data fragmentation across business functions hinder enterprises from delivering personalized experiences. Currently, commercial technology in the life sciences industry primarily includes basic tools such as Customer Relationship Management (CRM) systems, content management systems, and marketing tools. These tools mainly serve as information repositories with limited insights into customers. Therefore, enterprises are enhancing these solutions with data analytics and AI/ML to develop customer-centric solutions that assist in targeted sales and effective messaging. This, in turn, boosts business performance and provides a competitive edge. Additionally, these solutions help internal stakeholders (such as IT departments, sales and marketing teams, and the medical affairs function) understand customer behavior and adapt their strategies accordingly.

Scope:

  • Industry: life sciences (biopharmaceuticals and medical devices)
  • Geography: global
  • Service: life sciences commercial technology

Contents:

In this report, we examine:

  • Customer Experience Platforms (CXP) adoption market trends
  • CXP adoption framework
  • CXP landscape’s supplier ecosystem
  • Implications for enterprises, service providers, and technology providers

Membership(s)

Life Sciences Information Technology

Sourcing and Vendor Management

 

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