Establishment of new Pharmacy college (B-pharma and D-pharma)
B. Pharm is the best course for you after 12th. Bachelor of Pharmacy (B. Pharm) is an undergraduate degree course in the field of Pharmacy education. The students those are interested in the medical field (except to become a doctor) can choose this course after the completion of class 12th.
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A Doctor of Pharmacy (Pharm. D New Latin Pharmacies Doctor) is a professional doctorate in pharmacy. In some countries, it is a first professional degree, and a prerequisite for licensing to practice the profession of pharmacy or to become a Clinical pharmacist.
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There are various career options available for the science students after the completion of B. Pharm degree. The students can go for higher studies in the Pharmacy Master of Pharmacy (M. Pharm). This field is one of the evergreen fields in the medical sector, with the increasing demand of Pharma professional every year.
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Market Outlook
The Pharmaceutical industry in India is the world's third-largest in terms of volume and stands 14th in terms of value. In terms of the global market, India currently holds a modest 1-2% share, but it has been growing at approximately 14% per year during the last four year. India gained its foothold on the global scene with its innovatively engineered generic drugs and active pharmaceutical ingredients (API), and it is now seeking to become a major player in outsourced clinical research as well as contract manufacturing. India also has a vast pool of trained pharmaceutical scientists, doctors and researchers, which opens up avenues for joint collaborative research for new drug discoveries along with joint intellectual property rights.
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The Indian Pharma industry has been able to claim a share in the global market by leveraging its strengths and enhancing its regulatory and technical maturity. Formulations manufactured in India constitute 20 per cent of the global generics market by value, and the overall share of Indian manufactured formulations is as high as 46 per cent in the generics segment in the emerging markets.
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B. Pharmacy freshers are employed in marketing of pharmaceutical products and medical devices as Medical Representatives (MR) Career growth in marketing depends on the networking ability, knowledge and communication skills. Initially marketing require more physical work due to travel, but as you progress workload may reduce with promotion,
The pharmaceutical industry is recession-proof and as the population of the aged increases, the demand for new generation drugs and formulations will continue to expand. The export market also offers cost-effective Indian drug manufacturers the best prospect for rapid expansion and higher profits. Therefore, the employment prospects of pharmacy professionals are good.
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It is estimated that India accounts for 5 percent of the world’s market for pharmaceuticals, with an estimated value of about $33 billion (Rs.231, 000 crore). The country ranks third in terms of total pharmaceutical production and 13th in terms of value of production. It is growing at an average of 15 percent annually and the market is expected to grow to $40 billion by 2020 which means fantastic career opportunities for pharmacy graduates.
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Pharmacology is a rapidly growing, highly organized profession in which the role of the pharmacist has gained considerable importance with rapid advances and breakthroughs in the global pharmaceutical industry. In the next few years there is a distinct possibility of Indian pharmaceutical firms (Lupin, Cadila, Dr. Reddy’s Labs, Wockhard, Cipla etc.) embarking on a recruitment spree of pharma professionals to manage their expanding worldwide businesses.
Frequently Asked Questions:
Here are some frequently asked questions (FAQs) related to the establishment of a new Pharmacy college offering B-Pharma and D-Pharma programs:
1. What is the Process for Establishing a New Pharmacy College Offering B-Pharma and D-Pharma Programs?
- The process typically involves obtaining the necessary approvals from the relevant regulatory authorities, securing a suitable location, recruiting qualified faculty, and setting up infrastructure as per the requirements.
2. What are the Regulatory Bodies or Authorities Responsible for Approving the Establishment of a New Pharmacy College?
- In many countries, pharmacy colleges need approval from government regulatory bodies such as the Pharmacy Council, Education Department, and Health Department. Specific requirements may vary by location.
3. What are the Educational Qualifications Required to Start a Pharmacy College?
- Generally, promoters or founders of a Pharmacy college should have a background in pharmacy or related fields. Detailed requirements may vary by jurisdiction.
4. What Infrastructure and Facilities are Necessary for a Pharmacy College?
- A Pharmacy college should have well-equipped laboratories, classrooms, library, administrative offices, and facilities for student activities. Adequate space for practical training is also essential.
5. How Can I Ensure the Quality of Education in my New Pharmacy College?
- Hiring qualified faculty members, adhering to the curriculum prescribed by the regulatory authority, and maintaining high standards in teaching and research are key factors in ensuring quality education.
6. What are the Eligibility Criteria for Students to Enroll in B-Pharma and D-Pharma Programs at the College?
- Eligibility criteria may include specific academic qualifications, age limits, and entrance exams. These criteria are often determined by the regulatory authority.
7. How Can I Secure Affiliations or Approvals from Universities or Boards for the Pharmacy Programs?
- You need to liaise with the relevant universities or educational boards to seek affiliations or approvals for your programs. This usually involves submitting the required documentation and meeting their criteria.
8. What are the Financial Requirements for Establishing a New Pharmacy College?
- The financial requirements may vary significantly depending on factors like location, infrastructure, faculty salaries, and other operational costs. It's crucial to create a detailed business plan and secure adequate funding.
9. Are there any Scholarships or Financial Aid Options Available for Students at the College?
- Depending on your college's policies and affiliations, you can explore offering scholarships or facilitating access to government or private financial aid programs for eligible students.
10. What are the Key Challenges in Establishing and Running a Pharmacy College, and how can they be overcome?
Challenges may include regulatory hurdles, competition, faculty recruitment, and ensuring quality education. Overcoming these challenges often requires careful planning, dedication, and adherence to regulatory guidelines.
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