Job Growth In India’s Healthcare And Pharmaceutical Sectors By 2030

Projected Employment Increase

According to Adecco India which is a recruitment consultancy firm the healthcare and pharmaceutical sectors will experience significant job growth. The sectors will generate 2 to 2.5 million new employment opportunities which will begin in 2030.
The report states that both sectors are moving into a phase of capability-driven growth. The report states that 30 to 35 percent of employees currently working need training to acquire the skills necessary for upcoming demands.

Key Hiring Areas and Skill Demand

Organizations will hire employees who possess specific technical expertise essential for their job functions. The following sectors represent the primary points of focus:

Hospitals
AYUSH systems
Elderly care
Pharmaceuticals
Life sciences
Diagnostics
Telemedicine
Clinical research
Public health systems

Adecco created its report by using information from more than 100 clients which they supported through market investigation.

Contribution to GDP and Growth Drivers

The healthcare and pharmaceutical sectors function as essential economic components for the economy.

The sectors produced 3.3 percent of GDP in 2022
The sectors will increase their GDP share to 5 percent by 2030

The primary factors that drive growth include the following:

The clinical research field is experiencing expansion
Digital health technologies are being adopted
The global market is outsourcing drug development and manufacturing processes

Rising Demand in Smaller Cities

Healthcare services experience growing demand from Tier-2 and Tier-3 cities. The services that people need to access include:

Diagnostics
Preventive healthcare
Telemedicine

The demand for these areas will experience growth between 20 and 25 percent once access to these areas expands.

Growth in Advanced Roles

The industry is shifting toward:

Complex generics
Specialty therapies
Biologics

The demand for advanced R&D and regulatory jobs will increase through this transition. The number of job openings in these positions is expected to rise between 25 and 30 percent.