ROCHELLE PARK, NEW JERSEY (February 21, 2017) – ZRG Partners has announced the findings for the fourth quarter Global Life Sciences Hiring Index. Hiring activity during Q4 2016, despite slowing slightly from the previous quarter, remained at historically high levels and a more than 20% year-over-year increase.
Looking at the major geographies, Q4 hiring continued to the show growth year-over-year in both the EMEA and APAC regions, with APAC posting the highest hiring levels on record. Functionally, R&D hiring continues to strengthen – this quarter marked the 6th straight quarter of increased activity.
ZRG European President and Global Practice Head of Life Sciences, Adam El Din commented, “growth year-over-year can be attributed to the fact that many of the cheaper drugs in the United States come from abroad. Any moves to curtail these imports could raise drug pricing.”
David Fortier, Managing Director – Global Life Sciences added, “We see the focus on execution and fierce competition to get first approval with a successful launch in specific therapeutic classes driving continued high demand for proven leaders across clinical development, regulatory affairs, and market access. The strengthening of both Europe and hiring within medical devices are also positive signs for the broader industry.”
The Global Life Sciences Hiring Index analysis utilizes a proprietary algorithm that looks at hiring within selected benchmark companies in three distinct segments. The companies in the index generate over $640 billion in revenues and employ over 1.3 million people globally. ZRG Partners conducts extensive direct market research in developing the data that drives the Index.
For press requests or for permission to use this data in other media form, contact Adam El Din, European President and Global Practice Head of Life Sciences in Switzerland at +41-22-319-3304 or David Fortier, Managing Director in the USA at +1-202-525-1341. For more information about ZRG visit zrgpartners.com