The Life Sciences sector, one of the fastest growing industries in the global economy, has an estimated worth of $2 trillion and is growing at a rate of about 10 percent annually.

Life Sciences combines modern biological techniques with supporting technologies to improve human and animal health, address environmental issues, improve agriculture, contain diseases and improve current manufacturing technologies. It covers a range of disciplines including biology, zoology and botany, as well as the biosciences, biochemistry, biotechnology, bio-informatics, genetics, pharmaceutical studies, food science and technology, and environmental science.

Despite the industry’s rapid growth, Life Sciences companies are now entering a difficult period where shareholders, the market and regulators have all created significant pressure. The need for lower prices, increasing regulations, heightened concern about drug safety and cross-border partnerships, call for executives who can tackle these issues head-on before they have a negative impact on the business. They must be ready to manage organizations from a global, often even virtual, perspective.

Biotechnology companies, for example, face increasingly difficult choices about ethics, product development, funding and collaboration, in addition to the search for talent. A recent survey carried out at the Biotechnology Industry Organization’s annual convention found that 100 percent of respondents, all from unique companies, indicated that finding and hiring the right people was one of the top concerns of their company. Once again, one answer to overcoming the challenges facing the Life Sciences sector is the recruitment of bold leaders with the ability to embrace new and innovate ways of managing their business and workforce.

Borderless consultants are well acquainted with the demands of the Life Sciences sector - from pharma, medical devices and disposables to diagnostics and biotechnology - and will help you attract, recruit and retain international executives to meet these challenges. Contact us find out how.