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Covid-19 pandemic prompts health care firms to spend more on IT: Report

According to the data by SalesEdge, the research arm of TechCircle, the total IT spending increased to $376 million in 2020 so far from $368 million last year

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In the pharma industry, vaccine innovation and the lifecycle of trials reduce from 5-10 years to 15-16 months, thanks to technologies.

T E Narasimhan

1 min read Last Updated : Nov 20 2020 | 11:50 PM IST

IT spending by health care majors, including hospitals, has increased marginally year-on-year as technology plays a key role in the renewed focus on scalability of health care services to get future-ready.

According to the data by SalesEdge, the research arm of TechCircle, the total IT spending increased to $376 million in 2020 so far from $368 million last year.

In the pharma industry, vaccine innovation and the lifecycle of trials reduce from 5-10 years to 15-16 months, thanks to technologies. The positive aspect of this pandemic is it has changed the way of doing research, clinical trials, and manufacturing drugs.

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