The global economy has been affected by the recession, and many of these industries have been affected by an impact of the recession. The banks have affirmed bankruptcy; the automobile industry has been affected and also the service sectors have many laid-off people who have been because of the latest recession. However, pharmaceutical industry has able to withstand very well during this time, and it will continue to do it. eTA Canada
Although there have been experienced acquisitions and mergers happening even in pharmaceutical industry, nevertheless the effect of the recession in this industry has much less as compared to other industries.
When the pharmaceutical industry globally continues to grow, there are some key trends which have shown in the growth which may soon taper off. Actually many pharmaceutical industries have experienced the trends in the resent time. The trends like loss of the marketing exclusivity, lower contributions from the newer products, the growing prevalence of the generic drugs in the world, and the global pharmaceutical marketplace can face the cruel reality. Many of the pharmaceutical industries are now familiar with this trend which is different from the past 50 years.
Other than science graduates, pharmaceutical career also attracts many sales and marketing managers to help in the operations. Pharmaceutical industries hire recent graduates with higher communication skills and the ability to promote new products from the competition which is in a market. The career in the registration and the regulatory affairs is open for non-medical graduates in this industry. They can work on the drug compliance before taken for sale to the market.