Employment Projections

Life Sciences Sector Skill Council has carried out a Skill Gap Study in 2014 with the help of KPMG. The key take away from that Skill Gap Report is as below:
  • The industry is expected to employ 2.15 million people by 2024
  • The sector is expected to see a new job creation of 1.31 million between 2015 to 2024, with the highest gap in the manufacturing segment
  • For junior and entry level positions, attributes such as technical proficiency in labs, manufacturing instruments, subject knowledge (basic and superior), high learning aptitude and thinking and questioning ability are the key skills needed
  • The Research functions are seen to possess adequate Organic and Analytical Chemistry-related skills, but face concerns in biology-related skills which need to be addressed
  • The exposure of handling high end equipment and new technology is still a gap for research function job roles at entry level
  • Need is felt for skill and capability building in Quality, IP and Regulatory aspects at all levels
  • For senior and middle level employees, industry looks for attributes such as superior technical competence, time management, research ability, communication and interpersonal skills and adequate industry experience. Inadequate industry experience, lack of appropriate communication and interpersonal skills, superior technical competence and research ability are key skill gaps felt for these levels

 

Workforce Occupation FY08 FY14 FY19 FY24
Sales Workforce 89796 194845 305453 478849
R&D Workforce 47472 86525 155801 280543
Manufacturing Workforce (Production & Quality) 216424 477059 815169 1392913
Total Workforce 353692 758429 1276423 2152304
Table: Employment Demand Projection in Life Sciences Sector

Employment Demand Projection in Life Sciences Sector

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