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The sluggish world economy and ongoing health care reform policy impacted the development of China's pharmaceutical industry in 2009. As we look ahead, 2010 will see the continuation of the reform measures, as well as other developments and trends in the sector in the context of a recovering global economy. The pharmaceutical industry will likely grow faster in 2010 given that China's pharmaceutical exports are picking up and the deepening health care reform is generating more market opportunities. Figures from the State Food and Drug Administration's (SFDA) Southern Medicine Economic Research Institute (SMERI) showed that medical insurance funds will be raised by RMB 400 billion ($58.57 billion) in 2010 which may lead to the expansion of the domestic drug market by RMB 200 billion ($29.28 billion). According to the SMERI, the production value of China's pharmaceutical industry will grow 23 percent year-on-year in 2010. International pharmaceutical consultancy IMS Health Inc. estimates put China as the world's third largest pharmaceutical market by 2010.

In 2018, China is the first biotechnology market in the world, with emergence of 100 of Chinese biotech companies extremely active and efficient providing disruptive technologies in Precision Medicine, Genomic, eMedicine …

Why to use our services
» In such a market growth, Life Sciences industry’ recruitment needs will confirm the trend of a candidate driven market.

» Working with a good recruiter should result in hiring the best person for your position, not the “best person looking” for a new position.

» More often than not the best candidates in the industry are gainfully employed, highly regarded by their current employers and not actively looking for a new position.

» Therefore these candidates are not likely to know that your job opportunity even exists even if it is a better opportunity for them.

» When people are not looking for a position they do not spend much time if any reading the want ads or surfing the Internet for open jobs.

» These candidates have to be approached and sought out by a good recruiter and convinced to look at your opportunity.

» After all, who wouldn’t be convinced to leave for a better opportunity?

» It is more obvious in a candidate driven market like China.

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