BY: DR. SATISH POLSHETTIWAR, MIT WORLD PEACE UNIVERSITY, SCHOOL OF PHARMACY PUNE
- The Indian Pharma industry has been growing at a compounded annual growth rate (CAGR) of more than 15% over the last five years. The industry has significant growth opportunities for pharmacy graduates.
- Out of these, 1,400 units are World Health Organization (WHO) good manufacturing practice (GMP) approved; 1,105 have Europe’s certificate of suitability (CEPs); more than 950 match therapeutic goods administration (TGA) guidelines; and approximately 584 sites are approved by the US Food and Drug Administration (USFDA).
- India’s CRAM sector is globally recognized for its high-end research services and is one of the fastest-growing segments of the country’s pharmaceutical industry.
- The country has a low cost of production, low R&D costs, innovative scientific manpower, and a large number of national laboratories that have the potential to steer the industry ahead to a higher level.
PHARMACY AT GLANCE
- Quality Medicine available affordable cost in India
- ( We are leading in Anti-HIV, ANTI TB, Vaccines other Biosimilar products, etc)
- 1 Generic Hub of the Worlds
- India is among the leading global producers of cost-effective generic medicines and vaccines, supplying 20 percent of the total global demand by volume.
- The country has an established domestic pharmaceutical industry, with a strong network of 3000 drug companies and about 10,500 manufacturing units
BY: DR. SATISH POLSHETTIWAR, MIT WORLD PEACE UNIVERSITY, SCHOOL OF PHARMACY PUNE
- The Indian Pharma industry has been growing at a compounded annual growth rate (CAGR) of more than 15% over the last five years. The industry has significant growth opportunities for pharmacy graduates.
- Out of these, 1,400 units are World Health Organization (WHO) good manufacturing practice (GMP) approved; 1,105 have Europe’s certificate of suitability (CEPs); more than 950 match therapeutic goods administration (TGA) guidelines; and approximately 584 sites are approved by the US Food and Drug Administration (USFDA).
- India’s CRAM sector is globally recognized for its high-end research services and is one of the fastest-growing segments of the country’s pharmaceutical industry.
- The country has a low cost of production, low R&D costs, innovative scientific manpower, and a large number of national laboratories that have the potential to steer the industry ahead to a higher level.
PHARMACY AT GLANCE
- Quality Medicine available affordable cost in India
- ( We are leading in Anti-HIV, ANTI TB, Vaccines other Biosimilar products, etc)
- 1 Generic Hub of the Worlds
- India is among the leading global producers of cost-effective generic medicines and vaccines, supplying 20 percent of the total global demand by volume.
- The country has an established domestic pharmaceutical industry, with a strong network of 3000 drug companies and about 10,500 manufacturing units
AVENUES FOR THE PHARMACIST
- Pharmacy professional also works in the production/Quality control/Quality Assurance/Regulatory affair, Pharmacovigilance and Clinical Trial and Data Management department of:
- Biological & Biotechnological products
- Ayurvedic Product
- Homeopathic Medicines
- Unani System of Medicines
- Manufacturing /Production
- Pharmaceutical Production
- Management
- Quality Control
- Quality Assurance
- Research & Development
- Clinical Research
- Contract Research Organization (CROs)
- Regulatory Affairs & IPR
- Sales & Marketing/International Market
- Product Management (PMT)
- Bio-Informatics
- Medical Transcription/Drug Coder
- Pharma Domain Expert
- Surgical dressings
- Medical Devices & Equipment
- Veterinary medicine
- Perfumery
- Pharmaceutical Flavors & Fragrances
- Nutraceuticals
- Cosmetics, Soaps, Toiletries segment
- Blood and Plasma Products – Blood of various groups, production of blood bags, Haemoglobin, plasma, serum, clotting factors Antigens, antibodies, etc.
- Dental Medicines and dental products – toothpaste, mouthwashes, dental cavity fillers, etc.
CONCLUSION
After post COVID impact the Healthcare industry is going to have a lot of benefits and a bright future for young budding pharmacists. Many pharmaceutical companies from China and other reputed countries planning to shift their R&D unit as well as production in India. Today’s the pharmacy profession has strived hard to attract young talent and in a country like India, it has become one of the best professional courses. Pharmacy offers the resources, opportunities and flexibility needed to balance a successful healthcare career with a satisfying personal life. Pharmacy offers lifelong learning continued education, gives its practitioners the opportunity to make professional development part of the job. Pharmacy graduates can expect to get on the fast track in one of the most dynamic industries in health care. Pharmacists enjoy a prestigious job in a field that increasingly relies upon their skills and expertise. Pharmacy graduates are offered many opportunities and learn a wide variety of things, but educating patients about their medication therapy is always the most important. The discipline of pharmacy has a good future, offering a wide range of employment opportunities with an excellent salary.
A doctor gives life to the patient but a pharmacist gives life to medicine, and that medicine ultimately gives life to the patient, that’s why pharmacy also a big opportunity for you.
