NITI Aayog has also highlighted the sectors noticing an upward swing in terms of jobs.
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Rise of research in Pharma
The Indian pharmaceutical sector, worth $41 billion is expected to expand by $130 billion by 2030. The job boom is likely to take place in the research and development (R&D) arm. Alejandro Coca, CEO, TrueProfile.io, says, “ India has made its mark as a potential competitor and partner in manufacturing and R&D, and as a location for clinical trials. It is not only a great source of innovation but also for employment generation.”
Dr S P Rao, Dean, Narayana Medical College, Nellore says the pharma industry was reluctant to invest in the research domain. However, post-pandemic, the attitude has changed, which has resulted in increased hiring. “The industry needs technical up-gradation to expedite drugs related research for its production in a short period, especially during the health crisis,” adds Dr Rao.
The pandemic changed the outlook of the healthcare industry. The research and technology integration in the system is getting redefined. B Chidambara Rajan, director, SRM Engineering College, offering Medical Electronics and Artificial Intelligence and Data Science BTech courses at Kanchipuram, Tamil Nadu, says, “The industry is likely to give impetus on hiring for pharmaceutical/drug scientists, vaccine researchers and scientific analysers. Their tireless efforts got its long-held appreciation and made it possible for our country to export drugs and vaccines to other countries.”
Dr Prashanth Krishna, director of Prashanth Hospitals and consultant at the Department of Gastroenterology and Transplant, Chennai hopes to see the expansion of path-breaking research in Biotechnology and Microbiology. “Biotechnologists and microbiologists will be in demand in the next wave of recruitment. They are hired in institutes focussing on research trials including the medical universities, colleges or medical research companies.”
As per NITI Aayog estimates, India’s biotechnology market is expected to grow at an average growth rate of around 30% per year and will be a $100billion market by 2025. This will require 15,500 biotechnology graduates to join the workforce every year, says the report.
Dr Sanjay Gogoi, HOD urology, HCMCT Manipal Hospitals, Delhi says the demand for skilled lab technicians will increase to run the various diagnostics devices and tests such as PCR. “The microbiologist will have to master the technique. In the future, you will see that many hospitals will have place for trained medical microbiological technicians trained in diagnostic modalities.”
“COVID infection and isolation period demands care at home, which has opened new avenues for domiciliary care. Technicians trained in respiratory medicine, skilled in respiratory exercises, management of respiratory equipment like high-pressure ventilation devices, oxygen machines, CPAP and BiPAP machines will be in demand,” says Dr Gogoi.
Acceptance of Telemedicine
Chidambara Rajan says that the pandemic has removed the reluctance for telemedicine. “New jobs in its allied forms such as digital medicine, remote patient management, and extended reality for clinical training and treatment, shall witness an uptick,” he adds.
The NITI Aayog has projected that the Indian telemedicine market size is set to increase from $830 million to $5.5 billion by 2025 growing at a CAGR of 31% by 2025.