CLINICAL RESEARCH

Source: Ehealth

The clinical research industry continues to expand, creating new and lucrative vistas of employment. The Average nominal salary growth across all the positions is 4% as against less than 1% for other segments. India’s pharmaceutical market, the second largest in Asia, is growing by over 9% per annum. McKinsey estimates that the outsourced pharmaceutical clinical trial industry will touch INR 5,000 by 2010, requiring 50,000 professionals. As the amount of clinical research expands, a large numbers of researchers, trainers and business development management will be required. Industry analysts expect total clinical research spending in India to increase by more than 30% annually through 2010. Over 250,000 positions remain vacant worldwide and salaries start at Rs. 2.4 lacs p.a. and go to over Rs. 15 lacs p.a. for professional with less than 5 years experience.