Industries & Professions /
Pharmaceuticals and Biotechnology
The pharma/biotech job market will be challenging for the next few years, but the industry will still provide opportunities for job seekers. The U.S. Department of Labor predicts employment in pharma/biotech will grow by about 6 percent through 2018. That’s slower growth than in recent years. Likewise the rate of growth for drug sales has slowed. The IMS Institute for Healthcare Informatics predicts that global drug sales will grow by 3 to 6 percent annually from 2011 to 2016-a decrease from the 6.2 percent annual growth from the previous five years. Drug sales in the United States reached $320 billion in 2011, increasing on a real per capita basis by 0.5 percent.