The Scope of Pharmacy Industry in 2022

Introduction

The Indian Pharmaceutical industry is, as per reports, one of the fastest-growing. Annually the country produces around 20 percent of the total drugs in the entire world. These figures are only set to experience an uptake in the coming years. Being such a massive industry, it does employ several thousands of people too.

Universities and colleges such as MGU also provide Pharmaceutical degrees from bachelor's to doctoral levels. Earning any one of these degrees ensures them to work in many job positions or also go for higher education. For students who are interested in working in Pharmacy but are confused about where to start, read the following about the full scope of Pharmacy in 2022.

Why Study Pharmacy?

Pharmacy degrees are much more than working in a neighborhood pharmacy shop. There are not just several job positions but also many higher education options too. Besides that, some of the top reasons why one should opt for a B.Pharmacy course are as below.

• Pharmacy degree holders have a greater degree of flexibility than others because they can either work as entrepreneurs or in a hospital.
• Pharmacy graduates can work in several different industries such as sales, marketing, research and development, manufacturing, quality check, education, etc.
• Working in the Pharmacy industry is comparatively stable. Most graduates are able to find employment within months of graduating with a degree as well.
• Higher education degrees in Pharmacy such as doctoral enable people to work in research and development. This lets people make significant discoveries and make a mark in the industry.

Scope of Pharmacy

The scope of pharmacy extends beyond employment, specifically, individuals can also opt for higher education as well. Pharmacy is a relatively stable career and there are always open job positions with scope for advancing to the next level. Some of the options Pharmacy students can look into have been elaborated below.

SALES AND MARKETING : -

Pharmacy companies hire many graduates in sales and marketing positions. These individuals are knowledgeable in the medicine being manufactured. As a part of their work, they are required to approach clinics, pharmacies, and hospitals and convince them to stock their medicine. Undoubtedly, this role requires good communication skills and the ability to convince people.

DRUG MANUFACTURING : -

Pharmaceutical companies also require experienced pharmacy students in roles of drug production. The individual would be responsible for any position in the entire manufacturing process. This role not only requires knowledge of drugs and composition but also state and national rules and regulations regarding the same. To be successful in this role, one must pay attention to detail and also have an organized work style.

QUALITY ASSURANCE : -

In the drug production process, before the said medicine is packed and bottled, there is a quality check step. This step in the whole process is crucial to make sure that no harmful product is being sold. If this step is skipped out or a faulty product makes it to the market, the company might end up with a heavy fee. The scope in the pharmaceutical industry is quality assurance is undeniable and large.

RESEARCH AND DEVELOPMENT : -

Besides a bachelor's degree in Pharmacy, a master's in pharmacy can also enable individuals to work in research and development. In R&D, one is primarily working at finding out new and better drugs or working on existing drugs to make them better and more effective. This step can also involve minimizing the side effects and also getting patents for the new medicines.

HIGHER EDUCATION : -

Besides seeking out employment, there are multiple higher education options as well. Depending on what the education level of the individual is, there are master's degrees and doctoral degrees. More education would mean more jobs would open up and also a higher pay grade. Admissions will differ for each course and also some courses might also require prior work experience.

Job Profiles After a Pharmacy Degree

Pharmacy degree holders can work in various capacities, both as an entrepreneur and also under an employer. Some of the most popular job profiles most graduates choose to work for are below.

COMMUNITY PHARMACIST: -

A Community Pharmacist is the neighborhood Pharmacist. They typically own the clinic or pharmacy they work at. They will work directly with the patients and general public. They will sell medicines as per prescriptions and also sell over-the-counter medicines without prescriptions. Community Pharmacists do not give prescriptions but can give general recommendations. On average, they earn around INR 3.21 to INR 20 LPA.

HOSPITAL PHARMACIST : -

As opposed to a Community Pharmacist is a Pharmacist that works in a hospital setting. They are under the direct employment of the hospital administration. They will work in the pharmacy attached to the hospital and work with patients of the hospital doctors. Sometimes Hospital Pharmacists also make rounds with the patients and are in direct communication with the medical staff. Besides computer skills, one must also have communication skills with Hospital Pharmacists. The average salary range is around INR 3.43 to INR 7.95 LPA.

QUALITY CONTROL MANAGER : -

As a continuation of the previous job scope in quality control, one can work as a Quality Control Manager. They are hired by drug manufacturers and will work in making sure the drugs are safe to consume. As a part of their work, they will also set safe consumption limits for certain diseases and illnesses. These individuals should have knowledge of the local laws as well. An average Quality Control Manager earns INR 4.27 to INR 20 LPA.

MEDICAL WRITER : -

Medical writer is a technical writing position where individuals with work experience or degrees in a particular field are hired to write. They typically write blogs, books, reports, website content, etc. Alternatively, some Medical Writers also work with doctors and write up terms of using medicine and other medical records. Medical Writers are either freelancers or full-time employees and earn around INR 2.04 to INR 10 LPA.

The Indian Pharmaceutical industry is massive and caters daily to millions of Indians. To help in doing so, there is a need for trained professionals with expert knowledge. The scope of Pharmacy in India is at an all-time high and there is no end in sight.