Experts Talk

Prioritizing Human Capital In The Indian Pharma Industry

Hiral Chheda, Director, ICPA Health Products Ltd. (ICPA) The Indian Pharma industry has seen tremendous growth over the past few years and registered a compound annual growth rate (CAGR) of 12.3 per cent between 2016 and 2020. With an increasing demand for quality healthcare and medicine, the industry has been constantly evolving to meet the growing needs of the population. One of the key factors in this evolution has been the development of a skilled and capable workforce. However, despite the progress made, there are still challenges to be addressed when it comes to improving the quality of manpower in the industry.

Getting the Science Right: Talent Acquisition Strategies in Life Sciences

By Doug Terry, Vice President - Client Services, Operations, Cielo Growth and innovation in the global life sciences industry has analysts predicting the market size will increase by close to 12% from 2022 to 2028. While the market in Asia Pacific is developing rapidly, fluctuating hiring markets have left life sciences firms looking for new approaches and novel methods to attract and retain talent. With tightening labor markets and a potentially looming economic recession, organizations are being cautious on decisions pertaining to hiring or building talent within. So, what are some strategies that talent acquisition (TA) teams can adopt to increase their chances of hiring the right talent? Some of the tips include:

How is the ‘Make in India’ MedTech transformation coming along?

Debarati Sengupta, Senior Industry Analyst/Team Lead (Medical Device and Imaging), TechVision, Frost & Sullivan The government has taken several cautious steps to fuel this promising sector. Strategic decisions such as foreign direct investments (FDI) promoting medical device parks are aimed to drive business. Let us look at how the industry has come along with this ‘Make in India’ initiative. In September 2014, the Government of India launched a major national programme called the Make in India initiative to boost the manufacturing sector by providing investments and incentives for best-in-class facilities and infrastructure. Medtech was recognised as the

“Talent gap offers Indian healthcare workers an opportunity to establish careers in international markets”

The healthcare sector is transforming at an unprecedented pace in terms of technological advances and scientific research owing to the digital revolution and the outbreak of the COVID-19 pandemic. With a growing demand for healthcare workers, the opportunities for the Indian workforce in the global healthcare sector are immense. Skilling and sending Indian healthcare & Medical workers abroad are a way of boosting employment. Sharing his views in this regard, Alejandro Coca, Head of Business at Trueprofile.io interacts with BioSpectrum Jobs in detail.

Rising Demand for Medical Coding as Lucrative Employment Career

Gayathri Natarajan, Vice President & Head – Coding Services, Access Healthcare At first sight, it seems odd that companies and professionals based in India (and elsewhere in Asia) have such a significant role to play in the US healthcare industry. The reason lies in some fundamental differences in how healthcare is delivered in the US. The healthcare payment system is driven by multiple factors influencing reimbursement like eligibility, insurance/payer coverages alongside documentation requirements.

“We have a graduate trainee programme running quite successfully in some of our pilot Asia locations”

The competition to secure quality talent has been increasing in Singapore’s rapidly growing biotech sector in recent years and is forecast to increase even more as the number of unfilled vacancies outstrips the supply of talent. According to the report published by SGInnovate in December 2022, that gap is set to widen by almost 30 percent over the next five years. In conversation with BioSpectrum Jobs, Michelle Yeo, Manager HR Business Partner, Asia, at Sartorius Stedim Singapore talks about the company’s current hiring plans.

Key skill set needed for employment in biopharma industry

Dr Ganesh Nikam, Managing Director and CEO of Biojobz The biopharmaceutical industry is a rapidly growing and evolving industry, with new advancements and discoveries being made every day. The industry offers a diverse range of job opportunities, from research and development to manufacturing and sales. For those seeking to enter the biopharmaceutical industry, there are several key skills that are essential to success. Of many skills which a young talent should be strong if you intend to make a career in the Bio-Pharma industry, the following are a few critical ones.

Building skilled workforce for India’s growing pharma industry through apprenticeship

Girija S, Vice President, Quess Corp The Indian Pharma industry, expected to grow to $ 65 billion by 2024 and $ 120-130 billion by 2030, is the largest supplier and third largest producer of pharma products globally. The pandemic has emphasised the significance of investing in healthcare and pharma, highlighting the importance of resources, infrastructure, and people, with the latter being of utmost importance. The pharma industry, being one of the largest employers in India, has also seen massive disruption with tech-enabled healthcare and innovation.

We regularly seek new talents who want to make a career in India’s medical cold chain industry

Pharma logistics market has evolved significantly after the outbreak of the COVID-19 pandemic, with vaccine distributions getting streamlined. According to Arizton’s latest research report, the pharmaceutical logistics market is set to reach $146.7 billion by 2027. In addition, digital transformation is expected to offer a huge opportunity for pharmaceutical logistics companies to gain a competitive advantage along with numerous job opportunities. Based in Hosingen, Luxembourg, B Medical Systems is one such global player that is leveraging this opportunity, particularly for the Indian market. In conversation with BioSpectrum India, Jesal Doshi, Deputy CEO, B Medical Systems talks in detail about the company’s hiring plans in India.

Why Life Sciences sector is Soaring in China

Yong Sin Peh, Principal Consultant, EPM Scientific According to research conducted by Invesco, Life Sciences as a sector has been growing annually between 15 and 20 per cent (2015-2018), with more than 370 listed healthcare companies in China and Hong Kong. The Life Sciences market in China is expected to continue to develop, becoming one of the most diverse and expansive sectors in the country. The demand for top talent is across many different functions within the Life Sciences sector, including Research & Development (R&D), Clinical, Manufacturing and Commercial.