The pharmaceutical industry is a crucial one when it comes to healthcare and the medical industry in general. Without their active presence, there is bound to be a shortage of drugs and medications that help to treat sickness and diseases and ultimately, save lives.
The industry is manned by pharmacists who provide management of medication for chronic diseases like hypertension, asthma, diabetes, and so on. With the effective collaboration of medical professionals such as doctors and pharmacists, patients can be properly taken care of with the right medications and avoid any harmful side effects. Visit https://www.medicalnewstoday.com/articles/196135#from_medication to learn more about the side effects of medications.
When a physician issues a prescription to a patient, a pharmacist checks this prescription before dispensing the medication to the patient. They look at the patient’s history for any dosage issues and to ensure that no previously prescribed medication conflicts with the current one. Occasionally, the pharmacist may have to meet with the physician for further consultation.
This is done to ensure that patients do not take an incorrect dose of medicine, or worse, take the wrong drug altogether. A typical day for pharmacists may involve checking and dispensing medication, consulting with physicians, compounding medication, explaining to patients the proper use of medication, providing pharmaceutical information to patients, and so on.
In a lab or research facility, pharmacists work on developing new and improved medications for chronic illness and diseases. They carry out several tests to eliminate any life-threatening side effects before introducing the drug to the Federal Drug Administration (FDA) for approval.
The Growth of the Pharmaceutical Industry
The pharmaceutical industry is primarily responsible for the research, development, production, and distribution of medications worldwide. Over the last two decades, the industry has experienced significant growth with the year 2020 ending with a total of $1.27 trillion in revenue, according to Statista. Click here to see the full report.
In 2020, North America accounted for 46% of the total pharmaceutical market revenue share with the Asia Pacific region coming in second place with 26%. Africa had the smallest share in the global pharmaceuticals market.
According to experts, the market is projected to reach above $1.7 billion at a compound annual growth rate (CAGR) of 8%. With impressive growth like this, there is an urgent need for a trained and skilled pharmaceutical workforce to provide quality healthcare services to the global market.
With the projected growth of the industry, the present figure of over one million people in the pharma workforce will only increase. This then begs the question of “how can pharma companies equip this workforce with the skills and knowledge it needs to thrive efficiently and cost-effectively?
Bearing in mind also that the pace at which staff is trained must match the pace at which new drugs are being produced and released into the market. In this article, we will briefly examine how the pharmaceutical industry can benefit from online training to equip the workforce with the skills and knowledge needed for this fast-growing industry.
Why Online Trainings?
The following are some of the reasons online training is the answer to the very important question we saw earlier:
A Wider Reach
For pharma companies that have a presence in different parts of the world, online training should not be debated. This is because having to conduct physical training in every country or region they have a workforce would mean spending ridiculous amounts of money. The trainers and possibly some equipment would have to be moved to each location which would require a hefty budget and a lot of time.
With online training, these inconveniences are eliminated. Regardless of which part of the world participants are, everyone can participate in the training at the same time. If time difference would be an issue, the live training can simply be recorded and made available to other participants on demand.
Shortage in Training Staff
There is usually a shortage of training staff which can greatly affect in-person-based training. But when done virtually, the limited number of training staff on the ground is often more than enough as everyone can be reached at almost the same time.
As we have said earlier moving staff and equipment to every location would require a hefty budget. Rather than spending all that money, having pharmaceutical training courses done online allows companies to cut costs and save money.
The benefits of conducting trainings online are numerous. Aside from the benefits we mentioned above, participants can access these courses and trainings anytime, anywhere. This allows stakeholders to fit these programs seamlessly into their already busy schedules.