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Pharmaceutical Sector
As per the Indian ratings, the Indian pharmaceutical industry and India’s biotechnology industry is estimated to grow at about 20 per cent compound annual growth rate (CAGR). Biopharma is the largest sector contributing about 60 percent of the total revenue.
Furthermore, the Union Cabinet has given its nod to alter the existing FDI policy in the pharmaceutical sector thus giving a financial boost to the sector. It also plans to reduce approval time for new facilities to attract investments.
The Indian pharma market size is expected to grow to more than US$ 80 billion by 2020. Increased consumer spending, rise in lifestyle diseases, rapid urbanisation, awareness and upsurge in healthcare insurance are encouraging signs along with the government taking steps to reduce healthcare expenses. Additionally, the government is focusing on speedy introduction of generic drugs to benefit the pharma companies.
HRCT Vıewpoınt:
With India offering cost advantage, medical tourism is also seeing an increase. MNCs are leveraging this advantage. India is seen as originator of ancient medical treatments like Ayurveda and other life science yoga, meditation etc.. Therefore, the Government of India according to its ‘Pharma Vision 2020’, aims to make India a global leader in Pharma and Wellness Industry. With health and wellness a crucial part of everyone’s life, this sector will only see an upward growth and fruitful openings for medical professionals and consultants. India has a vast pool of quality scientists and researchers who have the potential to take the industry to a global position. As per analysis report by Equity Master, the Indian pharmaceuticals market is third largest in terms of volume and 13th largest in terms of value. (Source IBEF)
HRCT Value Addıtıon:
The sudden opening of this industry has widened the gap of demand for medical professionals. We are quick to respond to this demand by providing qualified para-medics as well as other professionals along with instructors from the Wellness industry. We apply different metrics for this sector as we understand the challenges of this industry segment. Our strong network and resource mobilization has helped to serve this industry efficiently. Our vigilant team of expert recruiters are constantly sourcing potential candidates through personal interface via seminars, conferences etc., advanced talent acquisition methods and other routine means of tapping potential.
Pharmaceutıcal Specıalıtıes:
Scientists
Pharma graduates
Para-medics
Researchers and Innovators
Lab assistants