Pharmaceutical & Healthcare

Industry Snapshot:

India has a strong local manufacturing base and domestic players are developing substantial international presence. Healthcare is also one of the largest service sector industries in India, in terms of revenue and employment. Rising health awareness and increasing government expenditure on healthcare sector is driving growth in the sector. Medical tourism and health insurance are also on a rise, with significant growth in healthcare sector and establishment of large number of hospitals, both public and private.

Talent Challenges:

While specialized talent is critical for any knowledge industry, it is more so within the pharmaceuticals industry. Companies gain competitive advantage through primary or applied research and thus the need for specialized talent has become even more acute. The industry being a Research & Development (R&D) driven business, there is a high need for people with both technical as well as practical knowledge and skills. Across all the levels of the industry value chain, there is an intense requirement of talented people to discover, develop, license, manufacture, market and monitor medicines.