Pharma 5.0

From pilots to production: what 2026 could mean for pharma

By Kevin Robinson | Published: 7-Jan-2026

This editorial examines predictions from the HSBC Innovation Banking Life Sciences and Healthcare team on how innovation, investment and consolidation are expected to shape the market in 2026

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As the pharmaceutical industry looks towards 2026, a clear theme is emerging throughout the life sciences, “healthtech” and manufacturing sectors: the time of experimentation is giving way to an era of outcomes.

From pilots to production: what 2026 could mean for pharma

Artificial intelligence, digital platforms and new care models are no longer novel talking points. Their value will increasingly be judged on whether they deliver tangible benefits in productivity, cost control and speed to market.

AI already dominates healthtech investment, but its role is evolving. The question is no longer whether a company uses AI, but whether it can prove a measurable impact, notes Paula Burke, Director, Life Sciences and Healthcare (Digital Health and Devices).

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