As an industry responsible for researching, developing, producing, and distributing medications, the pharma sector has experienced significant growth during the past two decades. As per the industry reports, the global pharmaceuticals market is expected to grow from USD 1454.66 billion in 2021 to USD 2135.18 billion in 2026 at a CAGR of 7.7%. Experts believe that the growth will be driven mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. According to the Indian Economic Survey 2021, the Indian market is expected to grow 3x in the next decade. India’s domestic pharmaceutical market stood at USD 42 billion in 2021 and is likely to reach USD 65 billion by 2024 and further expand to reach US$ 120-130 billion by 2030.
While industry stats are impressive, a third (33%) of C-suite and human capital leaders in the life sciences and pharmaceuticals sector say talent scarcity is a significant pain point for the sector, which is hiring extensively this year, says Randstad Sourceright’s 2022 life sciences and pharma Talent Trends report. However, as per the same report, around 55% of pharma companies also plan to hire extensively this year to avoid talent scarcity that would slow their business. The opportunities are not limited to the pharmaceutical industry. The demand for talent is vital in the Medtech and Bioinformatics sectors. In a nutshell, there has been no better time than now to pick pharma as a career choice.
To help aspirants find the right college to pursue pharmaceutical education, we have come up with a list of 10 Must-Watch Pharmacy Colleges in India – 2022 that have been performing well recently. This handful of colleges identified by our expert panel has consistently produced high-skilled workers for the global pharmaceutical industry. We hope our efforts will help students make informed decisions about their higher education destination.
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