ATLANTA (April 26, 2006)-Lucas Group, a respected leader in professional recruiting, today reports pharmaceutical industry growth reflects positive hiring trends in marketing and sales.
According to IMS Health (NYSE: RX), the world´s leading provider of market intelligence to the pharmaceutical and healthcare industries, North America´s pharmaceutical industry grew 5.2 percent in 2005 and accounts for 47 percent of global sales. IMS Health also predicts that the global pharmaceutical market will expand at a compound annual growth of five to eight percent to 2009.
Despite increased regulatory and stakeholder demands and industry challenges, aging populations and the need for new developments in pharmaceutical products ensure continued industry growth, which propel the need for qualified sales and marketing talent.
"There is increased competition in new product development and various blockbuster products potentially coming off the market," said Ned Hansen, executive senior partner and pharmaceutical recruiter for Lucas Group. "The combination provides an imperative need for these companies to market effectively and efficiently, which calls for superior human capital needs in marketing and sales. Companies specifically expanding sales forces are those with new products in development that are reaching stage three in clinical trials with anticipated launches in 2006 and 2007."
"Companies seeking top professionals generally look to hire candidates not actively searching for a new position but those who are open to a change for certain reasons, including geographic location and therapeutic specialties," continued Hansen. "Most companies want the best talent so they can focus on marketing efforts that maximize developments and minimize challenges. To attract these candidates and motivate a job transition, companies often rely on recruiting firms to secure this talent, but most importantly they need to provide good packages and incentives for the marketing and sales fields. Brand awareness for these companies is important, which is why sales and marketing show no indication of slowing down."
About Lucas Group
Lucas Group is one of the nation´s largest non-franchised, executive recruitment firms that built a reputation for successfully providing human capital placements in multiple markets and industries. The search firm has increased its reach, while maintaining a commitment to high performance and unsurpassed industry knowledge. Lucas Group focuses on recruiting top executives in management, advertising/marketing, sales, accounting, manufacturing, legal, military personnel transitioning and technical positions across all major industries. With offices nationwide and its expansion into Europe, Lucas Group performs search assignments for Fortune 100+ companies, as well as regional businesses and entrepreneurial firms.