Opportunities for Pharmaceutical Sector Post COVID-19
Opportunities for Pharmaceutical Sector Post COVID-19
The emergence of corona virus put tremendous pressure on the pharmaceutical industry. As professionals were figuring out how to treat the virus, what existing drugs might help to treat patients with COVID-19, potential new medicines to help mitigate the symptoms and long-term effects; along with this, it is also responsible for ensuring that the regular production of the other drugs continued to be ensure that the other treatment shall not be affected.
The Pandemic has prompted the pharmaceutical industry to innovate with the use of digital technologies, which would help in better collaboration with the physician, specialists, pharmaceutical, management.There are a lot of opportunities in the pharmaceutical and healthcare management. Pharmaceutical companies are in a constant quest for innovation in new treatments, helping people live longer, healthier lives. These treatments need to be produced, sold and distributed all over the world.The Indian pharmaceuticals industry ranks tenth globally in terms of value, Ranked third in volumes. India supplies 20% of global generic medicines in terms of volume. Indian drugs are exported to more than 200 countries in the world. Pharma industry has been growing at 13 to 14 per cent over the last 5 years.
“Wherever the art of medicine is loved, there is also a love for humanity” this quote focuses on the prevention of diseases, and vaccines are not the only way to help and save millions of people's lives, but to save money. Pharmaceutical companies required well-qualified and trained staff, with roles ranging from administrative to medical doctors. In the pharmaceutical industry, not only as a driving force for medical progress, and the conduct of research, development, and delivery of new medicines to improve the health and quality of life for patients all over the world, but it is also an important factor to the global economy. The potential for growth of pharmacy education is enormous.
Various job opportunities after MBA - Pharma Business Management is oriented towards the development of graduates (Pharmacy, life science, others) into a well skilled managers groomed for Pharmaceutical industry in the field of Sales, Marketing and Export of Medical Devices, Consultancy/ Project management, Business development,Market research and Market analytics.
Shobhit Deemed University, Meerut come up with specialisation in pharmacy education keeping in pace with current and emerging trends in the field of pharmacy. The MBA- Pharmaceutical Business Management program at Shobhit University provides a comprehensive base and essential competencies in developing and understanding current concepts and techniques of modern management. With the help of industry based case studies, the candidate learns to analyze, investigate and solve operational problems related to Pharma Business Management.
The aspirant gains a practical insight of Pharma Business and will get answers to questions like how to improvise the value chain in pharmaceuticals, Developing effective strategies, Product life cycle management and Cost Management.
Dr. Preeti Garg
Assistant Professor
NICE School of Business Studies
Shobhit Institute of Engineering & Technology, Meerut
(A NAAC Accredited Deemed-to-be University)
