Industries in the Intelligent Age Strategic Choices in theAge of AI:Shaping the Futureof Life Sciences I N S I G H TR E P O R TM A Y2 0 2 6 Contents Reading guide3 Foreword4 Executive summary5 1 AI/digital already deeply impact the life sciences industry7 2 Competitive advantage will be redefined by a new R&Decosystem and a reconfiguration of access and distribution9 2.1 AI removes scarcity in research, shifting the way companiesdifferentiate in R&D9 2.2 GenAI and the reconfiguration of market access anddistribution17 3 Implications for public-private collaboration25 Conclusion: From table-stakes progress to core strategic choices26 Contributors28 Endnotes30 Disclaimer This document is published by theWorld Economic Forum as a contributionto a project, insight area or interaction.The findings, interpretations andconclusions expressed herein are a resultof a collaborative process facilitated andendorsed by the World Economic Forumbut whose results do not necessarilyrepresent the views of the World EconomicForum, nor the entirety of its Members,Partners or other stakeholders. ©2026 World Economic Forum. All rightsreserved. No part of this publication maybe reproduced or transmitted in any formor by any means, including photocopyingand recording, or by any informationstorage and retrieval system. Reading guide The World Economic Forum’s AI Transformation ofIndustries initiative seeks to catalyse responsibleindustry transformation across industries andsociety. It advances the understanding of AI’simpact on business and society while activelyaccelerating practical implementation throughleadership convening, ecosystem collaboration andthe scaling of real-world solutions. decisively towards operationalization, highlightingthe actions organizations could take to move fromexperimentation to enterprise-wide implementation. Each paper offers a practical, executive-levelview of what transformation looks like, drawingon real-world case studies, leading practices andemerging data from across industries. While eachpaper is a standalone, common themes emerge:new operating models, evolving roles of leadership,human-AI collaboration, and the growingimportance of AI governance and orchestration. A central pillar of the initiative is MINDS (Meaningful,Intelligent, Novel and Deployable Solutions), aprogramme that recognizes and showcases real-world AI deployments delivering scalable, inclusiveimpact across sectors. As AI adoption accelerates, this series aims toequip leaders with the insight, capabilities anddecision frameworks required to build competitive,responsible and future-ready, AI-enabledorganizations. This white paper series examines thetransformative role of AI across industries,combining cross-industry analysis with in-depthsectoral and regional perspectives. Together, these papers offer a comprehensive viewof AI’s current development and adoption, as well asa view of its future potential impact. Each paper canbe read as a standalone or alongside the others,with common themes emerging across industries. Building on 2025’s foundational assessment ofAI’s state of development, strategic potential andemerging opportunities, the 2026 series shifts fromwhat is possible to what is required. The focus moves Cross industry Impact on industrial ecosystems Industry or function specific Impact on industries, sectors and functions Media,entertainment Foreword Shyam BishenHead, Centre for Healthand Healthcare, Memberof Executive Committee,World Economic Forum Johanna BenestyManaging Directorand Senior Partner,Boston Consulting Group Life sciences and medtech carry a unique societalmandate: to translate scientific and technologicalprogress into healthier, longer and more productivelives. Positioned at the forefront of human health,the sector is tackling some of the world’s mostpersistent and complex challenges – from cancerand neurodegenerative disorders to rare diseasesthat still lack full understanding and effective cures. these shifts are already materializing at scale;others are still unfolding – but they are alreadyprompting strategic decisions that will shape theindustry for decades. To deliver on its mandate,the industry must rethink not only how it innovatesbut how it collaborates – with new partners, acrosssectors and with the public domain. The Life Sciences and MedTech Horizonsworkstream, part of the World Economic Forum’sDigital Healthcare Transformation Initiative incollaboration with BCG, was established to bringtogether global leaders to envision and prepare forthis next era. The first outcome of this effort – thereport you are about to read – presents the private-sector perspective on how AI is reshaping industry.It explores how innovation is transformingresearch, development, market access andengagement with patients, and highlights thestrategic choices leaders face. It underscores thattranslating technological disruption into sustainablevalue requires the development of a clea