Our Industry

A drive for deeper sector collaboration is vital

In a world characterised by ageing populations, health and lifestyle challenges, a corresponding growth in long-term chronic diseases and ever-increasing healthcare costs, Ferring and its industry peers must rise to the challenge.

 

Our central challenge as an industry, is this: how can we help deliver affordable and quality healthcare for a population that will reach over nine billion by 2050? The implications of this challenge are considerable, but so too are the opportunities.

• Improving the value of healthcare by delivering better health outcomes to patients at lower costs is a critical imperative. 
Technological advancements are transforming care, but for whom and at what cost? We have a long journey ahead to build sustainable heath systems globally that  put people at the centre and ensure that healthcare is inclusive.

With the rise of longer-term chronic illnesses comes a corresponding need to develop longer-term and more patient-centric relationships. 
These enable us to respond to all stages of a patient’s journey – from prevention, diagnosis and treatment through to cure and ongoing maintenance of health.

• The emergence of personalised (or precision) medicine has huge potential to transform health outcomes and decrease costs. 
Tailoring treatment to an individual patient’s environment, lifestyle and genes is already transforming the way diseases such as cancer and mental health conditions are treated. 

In taking on these responsibilities, the industry must also be vigilant of ethical concerns and data privacy. 
In an increasingly data-driven world, these concerns will only grow, and we have a duty above all to protect our patients’ and employees’ data and privacy (the latter also defined as a human right by the UN Declaration of Human Rights).

 Ultimately our industry’s job is to enable people to lead healthier lives and access the care they need to fulfil their potential. 
That job must start by improving our ability to listen to patients; use the data they share with us to shape more responsive R&D approaches and clinical decision-making which in turn empowers patients and ultimately drives better care outcomes.

 Ferring operates in an ecosystem that is dependent on collaboration to work effectively. 
Scientists, doctors, healthcare workers, NGOs and governments all have a vital role to play. At the World Economic Forum (WEF) this year leaders in healthcare agreed that we are at a critical turning point. A drive for deeper collaboration in the sector is vital to codify and disseminate what we’ve learned, share best practice, and continue to drive towards a sustainable and affordable healthcare for all those in need.