India is one of the global leaders in Pharmaceuticals and Medical Products sector and also
the largest provider of generic drugs globally. Indian pharmaceutical sector industry
supplies over 60 per cent of global demand for various vaccines, 50 per cent of generic
products demand in the US and 35 per cent of overall medicines in UK.
Indian pharmaceutical sector is growing at CAGR of 10%+ year on year and is expected to reach
the size of US$ 100 billion by 2025.
The Indian government has taken many positive steps to improve healthcare focus and
infrastructure, reduce costs and bring down healthcare expenses. Better Regulatory affairs
and speedy introduction of generic drugs into the market has remained in focus and is
expected to benefit the Indian pharmaceutical companies. In addition, the thrust on rural
health programs, generic and lifesaving drugs and preventive vaccines also drive the growth
of the Indian pharmaceutical companies in coming years. The growth will be further fueled by
rising population, more focus on lifestyle, changing environment, changing work styles and
increase in per capita income.
On other hand this industry will have major challenges like low public investments, poor
health infrastructure and shortage of right skill manpower. We at Fast Track feels that this
challenge of shortage of quality manpower as opportunity to support this sector. We help
Pharma companies in identifying the right talent for their manpower requirements across all
functions and levels. With the fact that we need to provide the scientific talent for this
industry, we offer the mixture of both educational and functional expertise and provide our
clients the dedicated Executive Search consultants and Key Account Managers who understand
their critical requirements and support in providing right talent for every client.