Life Sciences
Cities:
Life Science companies must re-invent themselves in the face of these growing market pressures. Hurdles to profitable innovation are growing. Legacy research models are not suited to the rapid evolution of the science supporting drug discovery. This changing science and stringent regulatory standards coupled with the payor standards is causing the return on research investments to diminish.
The Pharmaceutical industry is facing an irreversible loss of market capitalization in the next few years. After decades of strong growth and high margins they are confronting the limits of its traditional business model. This can be seen in the declining R&D productivity of the companies and the growing adoption of price and volume restrictions globally. On the other hand the medical device industry has seen an increase in total shareholder value; however, they are facing heavier regulatory burdens which they are not use to dealing with. These companies then need to innovate product pipelines, address patent expirations and possibly move to Generics, capture growth in specialty and biopharmaceutical drugs.
In Medical Device, Diagnostics and Imaging Systems segments, innovative next generation products are one of the ways to deliver value to an increasing and aging population. But here new products need to be rolled out every year similar to the consumer industry.
For many of our clients, this means renewed strategic focus on hiring talent that fits their culture and goals. For others it means changing their talent population to allow growth into related businesses and product areas. All must find new and better ways to extract value in mature markets and enter current and future growth markets.
These realities drive a need to recruit and develop leaders who can operate decisively in times when the rules of the game are changing. Leaders with experiences from other settings bound less by tradition and free to set new direction and develop new ways of operating to succeed.
We have delivered on such mandates all over the world, covering all positions and roles for clients across the Life Sciences industry. Our Context-Driven approach to executive search ensures that clients understand the availability and fit of candidates. We provide cultural insights to help bridge and calibrate client and candidate expectations. Through recruitment and on-boarding, we give candidates a strong understanding of the true context into which they are being recruited and what is expected from them in these demanding and dynamic times.