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The investment in research and development is envisaged to expand the sphere of business activity, both in the country and in abroad. Multinational joint venture partnerships have given a thrust to this growth, which has targeted business of almost 40,000 crores, approximately 3.8% of the market share by the turn of the century.
Good employment opportunities are expected for Indian pharmacists over the 2005-12 period because the number of degrees granted in pharmacy is expected to be less than the number of job openings in the International market.
Career
Opportunities
Research and development have dramatically changed
the role of pharmacy in patient treatment over the past fifty years. Pharmacists
can be employed in a variety of settings. The various Career options available
includes :
Community
Pharmacy
This
practice setting includes a range of options from independent ownership of a pharmacy
to employment in, or management of, local and national chains.
Institutional
(Hospital) Pharmacy
Hospital
pharmacists monitor drug therapy, prepare intravenous (IV) admixtures, make purchasing
decisions, and oversee drug administration. They play an important role in nutritional
support, pain management and deals with therapeutics, infection-control, risk-management,
and educational programs.
Managed
Care Pharmacy
Managed
care pharmacists establish guidelines, develop protocols, and conduct drug utilization
reviews while serving on interdisciplinary teams responsible for disease management
programs.
Pharmaceutical
Industry
Companies
that discover, develop, formulate, manufacture, and distribute pharmaceuticals
offer many career opportunities including manufacturing, quality assurance, regulatory
affairs, pharmaceutical research & medical writing.
Academics
University
faculty in pharmacy-related disciplines has many opportunities to participate
in these challenging developments as educators, basic scientists, and clinical
practitioners.
Consultant
Pharmacy
Pharmacy
consultants are skilled clinicians, educators, and managers serving in home care
agencies, hospices, adult day-care centers, and other long-term care facilities.
They identify drug-related problems and help resolve them on the basis of their
clinical expertise.
Related
Career Options
Pharmacy
technicians and pharmacy aides also work in pharmacies. Persons in other professions
who may work with pharmaceutical compounds include biological scientists, medical
scientists, and chemists and materials scientists.
In
order to be a successful pharmacist, one must have :
Eligibility
A
license to practice pharmacy is required in all almost all the countries. To obtain
a license, one must have done Bachelor of Pharmacy (B.Pharm) and Diploma in Pharmacy
(D.Pharm). International recruiters prefer professionals holding higher degrees
in the field, such as, Master of Pharmacy (M.Pharm) or Ph.D.