Alternative career paths for Pharmacist
Even though many pharmacists feel that there are adequate numbers of jobs, the job market for pharmacists has always been steady for the last decade.
This article will reflect on job trends for pharmacists and which fields have demand/oversupply so we can change our career goals for sustained and lucrative growth.
The Bureau of Labor Statistics anticipates a six-percent increase in the number of pharmacy jobs over the next eight years, amounting to roughly 17,400 jobs between 2016 and 2026. When you consider that 18.902 first professional degrees in pharmacy were awarded in the 2018-2019 school year, it’s clear that supply is far outpacing demand. Even if the graduation rate was cut in half over the next eight years, the industry would struggle to produce enough jobs for the graduating students.
Although the demand for pharmacists isn’t decreasing, growth compared to other healthcare professions has slowed.
The truth is that employment trends vary based on a variety of factors like geographic region, pharmacy setting, experience, skillset, and demand. Though exceptions exist for every rule, understanding existing trends can help pharmacists make informed decisions about their future.
Anticipated pharmacy job growth
Many areas of pharmacy are expected to grow by 2026, although some areas will see minimal growth while others are expected to see greater increases.
Non-retail settings are predicted to grow much more quickly than outpatient dispensing formats, with hospitals accounting for more than 60 percent of the employment growth.
Many experts recognize the role clinical pharmacists play in positive patient outcomes and cost-saving measures. Since patients in hospitals are more critically ill, clinical pharmacists typically dispense stronger medications because they are able to monitor outcomes.
Because clinical pharmacists are directly involved in patient care, often making rounds with physicians and recommending drug therapies, those in the field report it as a stressful but fulfilling area of pharmacy.
Pharmacy positions in-home healthcare are also predicted to increase, with many pharmacists choosing the work because of the increased involvement with patients. Although the work involves on-call availability, pharmacists report enjoying the patient interaction and the ability to get to know their patients well.
That response may well be a backlash from the metrics-driven culture in many retail pharmacies, leaving pharmacists feeling overworked, stressed out, and undervalued.
Embracing change
To thrive, pharmacists on the front lines must look to new ways of providing value before they become irrelevant. Here are a few examples.
Your ability to embrace change will likely determine your level of continued success in the pharmacy industry.
As companies merge, technologies change, and demands increase, pharmacists who are able to keep themselves nimble will be poised to adapt to the changing landscape and keep themselves relevant to the field.
Pharmacists who find ways to solve problems will be at the forefront of the industry, and they’ll weather the change better because they’ll be in control of their own destinies.
Wherever your interests lie, pursue things outside of pharmacy as a way to keep yourself connected to a vast network of people. Develop a curiosity about the changes that are happening within the pharmacy and find emerging opportunities that are interesting to you.
Pharmacists are turning to drug safety and pharmacovigilance, or clinical research.
Pharmacists have an unfair advantage with their career growth in pharmaceuticals as the educational highlights of a pharmacist match with the onsite job demands in pharmaceuticals.
Why certificate course in Advanced drug safety and pharmacovigilance or Advanced clinical research from Medipharm solutions?
Medipharm solutions provide the training necessary to assist professionals in bridging the gap between their qualifications and skills needed to secure a career in the pharmaceutical industry. The Institute offers this by focusing attention on deploying cutting edge training and testing certification methods. Empowering professionals with the current market place needs by building industry-standard course curriculum. Most important of all, to make you a trained professional with job-readiness skills and knowledge.
Our course coaches who designed this curriculum are pharmacovigilance leaders in the pharmaceutical world who are passionate about guiding you in your drug safety career path.
Failing to plan is planning to fail.
So take your first step towards a life-changing career at
