Top Five reasons to chose Drug Safety as a Career.
Do What you Love. Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. – Steve Jobs.
Having a successful career remains a top priority for most people. Compensation, work-life balance, appreciation, peer collaboration, team work, stability, career growth, and cause bigger than themselves, etc are some of the parameters that measure a successful career.
Of all the careers in pharmaceuticals, drug safety and pharmacovigilance careers packs all the above ingredients. Let us examine the top five of these parameters in measuring up drug safety careers as the best option.
- Increased demand and stability
- Pharmacovigilance market size was valued at USD 3.9 billion in 2017 and is expected to witness growth of around 10.7% CAGR from 2018 to 2024.
- The U.S. market accounted for 86.9% share of the North American market in 2017. Sophisticated healthcare infrastructure coupled with stringent pharmacovigilance guidelines will augment regional growth over the projected period. The U.S. FDA mandates the pharmaceutical companies to conduct post-marketing surveillance and report ADRs within stipulated time-frames. In addition, increasing funding for clinical trials will favor U.S. pharmacovigilance industry growth.
Here are some of the links with recent data to show the growth trends in pharmacovigilance into the future.
https://finance.yahoo.com/news/life-science-analytics-software-market-142519603.html
Since with the increased demand of pharmacovigilance, there is a sense of stability in those careers.
- Cause bigger than themselves.
Pharmacovigilance professionals play a vital role in ensuring patient safety which is a bigger cause than mundane work routines.
With billions of dollars spent on the life cycle of an investigational product and increased regulation involved in such processes, the capabilities of a skilled pharmacovigilance professional are crucial for continuous monitoring of the safety profile of the marketed product.
- Career growth and appreciation.
Pharmacovigilance and its allied activities are a team sport. You will recognised for your skill sets in an empowering team environment.
Being an integral player of a pharmacovigilance team, accelerates your career growth as you discover an enriching network. Careers that blossom from such organic culture are always appreciating social assets.
- Compensation
Based on average salary from Indeed.com,
Drug safety associate – $64,190
Pharmacovigilance scientist – $124,279
Drug safety physician – $151,500
Medical director – $220,645
Compensation with medical, dental insurances, 401k matches and stock options are very lucrative with drug safety careers as highlighted with above average pay scales.
- Work-life balance
Family is everything. Drug safety careers are challenging , with quality of work always considered vs number of hours. Such careers give you a great time off period to recharge and rejuvenate yourself with your loved ones.
Why certificate courses in Advanced drug safety and pharmacovigilance from Medipharm solutions?
Medipharm solutions provides 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 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
