Building Bridges & Business Across Life Sciences Communities

Ciao peers, colleagues, family, and friends! Welcome to the first of what will be a monthly roundup of my insights surrounding interesting pieces of industry news. I aim to share some of the most inspirational or transformative media I’ve come across to spark conversation and drive our communities and relationships to new, innovative heights.?

The FemTech Revolution

New estimates indicate that the FemTech Market will reach $85.08 billion by 2029, at a compound annual growth rate of nearly 16%, according to a report by Maximize Market Research.?

However, research published by Bezinga states that the sector will be worth just shy of $16 billion by 2028. Significant disparities between statistics can mean that something needs to be revised with how the research was conducted or that the researchers are working from independent definitions and not following the same processes.

One of the greatest challenges FemTech and industry leaders face is a need for a clear definition of specific methods. Everything from makeup to surgical implants falls under an umbrella term, which is not advantageous when deciphering data and evolving strategies.

Medical Cannabis Advancements

Another great accomplishment for the movement toward medical cannabis! The Israeli Ministry of Health announced new reforms to reduce regulations and improve patient access. This decision will enable more patients to gain critical access to medical cannabis treatments for various chronic conditions.?

It’s incredible to see medical cannabis being positioned as a first-line treatment instead of a last resort. These natural products and treatments provide people with a new way to manage their health and take charge of their lives.?

Leadership Stories

In this interesting piece, Paola Cecchi-Dimeglio, Senior fellow at Harvard University, explains how regular feedback can improve performance and communication, making for a better working environment.?

Rather than wait until the end of the quarter to provide feedback to workers, leaders should aim to guide their teams proactively and constructively. This small adjustment can make for more dynamic teams and free up the flow of ideas among colleagues.?

At PQE Group, we ensure to keep open lines of communication and consider all feedback to foster a welcoming, collaborative, and inclusive environment.?

Good Reads?

Dive into some page-turners I’m loving right now!?

"Give and Take" by Adam Grant is an excellent book for those looking to understand how our ability to connect with others is linked to transformative achievements. I recommend this groundbreaking exploration of the dynamics of success to anyone wanting to reevaluate their approaches to consider how characteristics can significantly alter trajectories in an evolving society.

Read more here.?

Striving Forward

I hope these fascinating stories have piqued your interest and helped you view various obstacles and solutions in a different light. With so many trends and transformations, industry events, and exciting updates,? I have no shortage of information to share with you!?

If you’d like to connect with me in person soon, join me at the 2023 ISPE Annual Meeting & Expo in Las Vegas from October 15th to 18th. We will have the chance to get to know each other and attend extensive programs covering some of the most pressing topics and innovations in the industry. Register here.

Stay tuned for more to come!?