Companies within the life science sector work on the frontlines of innovation to improve the well-being and health of people all over the world. Demand is increasing for new medicines, while populations are rapidly aging, driving more growth across the board.
With this in mind, it isn’t too surprising that hiring within this industry is something that is constantly changing and fluctuating.
It has been predicted that the number of jobs in this industry will increase by around 8% by 2030, with about 113,000 more jobs arising within 10 years in just the US alone.
It’s clear that there has never been more need for companies to expand and increase the amount of talent they have on-board, but what exactly does the future of hiring in the life science sector look like?
More Specialized Roles
Due to the changes in the life science sector that have taken place over the last couple of years, a need to fill even more specialized roles has come to the fore.
Quality regulation and control has become a hot topic, with adherence to strict industry and regulatory standards taking centre stage. Suitably trained employees are required to undertake roles within this field in order to meet growing need.
Furthermore, more specialized roles are opening up in the area of biomanufacturing, especially regenerative medicine and cell therapy, where aseptic and specific techniques are necessary. These fields are becoming particularly prevalent at the moment, and it is becoming obvious that there are too few skilled professionals with the necessary experience and expertise to fill the employment gap.
More Research Posts
The Covid-19 pandemic has accelerated the digital overhaul of the life science sector at a phenomenal rate. The industry saw agility, greater efficiency and a faster speed to the market, and while the average amount of time in the sector for developing, reviewing and approving a new drug is more than 10 years, there were two vaccines developed, tested and authorized (EUA) in under a year.
This has led to life science companies reassessing processes to become more efficient. Part of this involves a greater number of research posts being opened as companies strive to accelerate timelines and push the boundaries of R&D using AI & ML enabled technology.
Changing Markets
The market landscape for the life science sector is fluctuating more than ever before. Not only is the market growing, but it is also expanding into developing economies.
This is leading to a need for more skilled life science professionals who have the necessary expertise to fill the gaps and bring operational innovation that is robust enough to withstand the pressures of the ever-changing marketplace.
Although the COVID pandemic has had a harsh impact, it seems to have spurred the life science industry into a new lease of life. The sector is thriving more than ever before, and the hiring opportunities are, therefore, set to increase exponentially in the near future.