History sets the course, but innovation and improvisation can create insightful detours. With this in mind, the Health Sciences practice of Deloitte LLP joined forces with the Institute for the Future to map the often puzzling grid of possibilities confronting this industry and created a framework for thinking about the choices we face today and will likely face in the future.

You can access your Industry Compass Toolbox at www.industrycompass.com.

The Map

The Map (available in hard copy and in an interactive online version) plots how possible shifts in five key trends will likely play out across six industry stakeholders over the next five years and beyond. Together, these form a matrix that can help you navigate the world we're cocreating, day by day.

Trends

• Markets: from local to global
• Technology: from centralized and disconnected to distributed and networked
• Consumers: from passive to engaged
• Health Economy: from narrow to broader definitions of health
• Complexity: from distinct to interdependent and measurable

Stakeholders

• Medical Devices
• Pharmaceutical and Biotechnology
• Providers
• Health Plans
• Employers/Purchasers
• Regulators

Landmarks

The Landmarks serve as indicators that can help you find your way. Compiled from a variety of resources, the trends, forecasts, comparisons and polls all provide information about the temperature and topography of this changing industry.

Journeys

The Journeys explore critical tensions expected to cause ripple effects throughout the system over the next five years and beyond. Industry professionals discuss challenges and opportunities, and how the choices we each make will shape the road ahead.

• Short-term vs. long-term
• Personalization vs. standardization
• Technology advances vs. market readiness
• Data explosion vs. need for relevant information
• Abundance of options vs. who pays

As you tour the site and learn how to use its tools, we hope you find Industry Compass to be a helpful resource for navigating the industry and charting your course for the future.