
Will Big Pharma Provide Prescribable Apps?
Big Pharma is eyeing mHealth as a potential market to help support its pharmaceutical products or treat select disease states. However, not everything is going well with current mobile production.
While pharmaceutical companies are better known for pursuing the next big blockbuster drug, they are slowly being drawn into the world of mobile health (mHealth).
Big Pharma is eyeing mHealth as a potential market to help support its pharmaceutical products or treat select disease states. However, not everything is going well with current mobile production.
Last October, Research2Guidance (R2G) released a
Given the size of these companies and the investments they have made, those numbers are not ones to be proud of. That said, R2G identified noted that several companies have done well, while others are still trying.
Many of these shortcomings are likely due to the fact that many apps are targeted at niche markets, rather than a broad user base. Other issues include the global reach of these apps and finding a successful market, in addition to a non-uniform design process in which some companies employ multiple app developers with no concise branding.
Nevertheless, speculators of mHealth in Big Pharma foresee a time when companies will produce "prescribable" apps for select diseases of interest to make a sizable impact and financial gain. However, many of these apps may not directly be designed, but rather purchased from promising start-up developers.
An article in
The biggest limiting factor to developing mHealth apps for clinical outcomes comes down to funding and proof-of-concept. Many companies will have to demonstrate that their apps actually provide some form of clinical benefit, which may require funding that is difficult to obtain from traditional start-up mechanisms. Instead, they will rely on government grants, which have steadily decreased in the past few years.
It will be interesting to see whether any company comes up with a new way to actualize mHealth and prove clinical benefit.
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