Pharmaceutical and Biotech
Industry Overview: Working with plant- and chemical-based compounds, big pharmaceutical companies include a handful of major companies that dominate the industry. The number of IPO’s of Biotech companies (91) and the money they raised (US$ 6.4bn), reached an all-time high in year 2014-15. The Indian pharmaceuticals market increased at a CAGR of 17.46 per cent in 2015 from US$ 6 billion in 2005 and is expected to expand at a CAGR of 15.92 per cent to US$ 55 billion by 2020. By 2020, India is likely to be among the top three pharmaceutical markets by incremental growth and sixth largest market globally in absolute size.
Talent Challenges: The major challenge this industry faces is the need for specialized talent with technical competencies along with practical exposure. Being a highly R&D driven industry, the need for people with knowledge in various domains and products is the need of the hour.
How HQ can help: With our robust process, commencing with relationship building that ends only post on-boarding of applicants, our specialized services help you choose pertinent candidates for specialized roles within this industry. This includes working with API and formulation companies, clinical research organization, contract research organizations & biotechnology and life sciences.