Pharmaceutical & Health Care

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Industry in Nutshell
The Indian pharmaceutical industry is highly dynamic and offers great opportunities for both domestic and foreign companies. The industry is estimated to be worth US$4.5 billion and growing at 8-9% annually. India has a strong local manufacturing base and domestic players are developing substantial international presence. Healthcare is also one of the largest service sector industries in India, in terms of revenue and employment. Rising health awareness and increasing government expenditure on healthcare sector is driving growth in the sector. Medical tourism and health insurance are also on a rise, with significant growth in healthcare sector and establishment of large number of hospitals, both public and private.

Scarcity of Talent
While specialized talent is critical for any knowledge industry, it is more so within the pharmaceuticals industry. Companies gain competitive advantage through primary or applied research and thus the need for specialized talent has become even more acute. The industry being a Research & Development (R&D) driven business, there is a high need for people with both technical as well as practical knowledge and skills. Across all the levels of the industry value chain, there is an intense requirement of talented people to discover, develop, license, manufacture, market and monitor medicines.

WAVECO Solution
The word of Mouth is a driver of talent in this industry. Our team has a strong network with employees working in different companies across various levels. These employees understand not only their role, but also have a keen understanding of the company and the industry as well. They are our best ambassadors, thus making colleague referrals an important source of talent.

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