The
Master of Pharmacy (M. Pharm) degree is a two-year postgraduate program. The
course is centered on pharmaceutical sciences. Students spend the first year
studying specialized subjects and the second year working independently on a research
project, which strengthens a student's theoretical, technical, and practical
grasp of pharmacy as well as their enthusiasm for doing more pharmaceutical
research.
Pharmacists
are healthcare professionals who specialize in the discipline of pharmacy. They
can apply their pharmaceutical expertise to the advancement of medicine and
society. In the past, pharmacists were solely responsible for drug dispensing.
The new era, however, has become one of research and technology. The shift from
traditional botanical medicine used by local apothecaries to drug discovery
and development of molecules is significant. Pharmacy specialists are
getting involved in additional segments besides dispensing.
As
a result, the pharmacy curriculum cannot be limited to delivery of medication
and its preparation. India's pharmaceutical sector is in a promising and
burgeoning period. Because of the colossal development in this business,
job prospects have increased dramatically.
THE
VALUE OF M. PHARM OVER B. PHARM
A
Bachelor of Pharmacy (B. Pharm) degree provides students with fundamental
exposure to a broad range of subject matters. In the market, their employment
prospects are relatively restricted. A Master's degree provides specialized
knowledge in the subject of one's choice. An individual with an M. Pharm degree
would be given precedence in an interview; just as more experienced individuals
are in any Indian or International company. It not only gives students
preference in the field of selection owing to improved qualifications, but also
makes their knowledge and project work useful. M. Pharm provides a solid
foundation for a successful career. Completing the M. Pharm degree establishes
trust in the individual by providing in-depth knowledge of the topic as well as
applicational facets of theory.
M.
PHARM SPECIALIZATION SUBJECTS
M. Pharm (Master of Pharmacy) offers specialization in subjects like:
Pharmaceutics:
Research and formulation of drugs, excipients, manufacturing procedures, and
development of a safe formulation. It is also called the science of dosage form
design.
Pharmaceutical Quality Assurance: Quality assurance (QA) encompasses all factors that might affect the quality of prescribed pharmaceutical products.
Pharmacology: The science of drugs, comprising their origin, composition, pharmacokinetics, therapeutic use, and toxicology.
Pharmaceutical Chemistry:
Pharmaceutical (Medicinal) chemistry is concerned with the design (drug design)
and synthesis of biologically active compounds.
Pharmacognosy:
The study of medicines or crude drugs derived from natural sources such as
plants, microorganisms, and animals. It consists of an analysis of their
biological, chemical, biochemical, and physical properties.
Pharmaceutical Analysis:
Drug, excipient, or formulation analysis in determining impurity, dissolution,
content uniformity, etc.
Drug Regulatory Affairs:
All the parts of the pharmaceutical development process and how they are
regulated at various levels.
More
subjects are offered by various universities and colleges.
GLOBAL
PHARMACEUTICAL SCENARIO
North
America is anticipated to maintain its dominant position in the global
pharmaceuticals industry, increasing its market share from 2017 to 45.33% in
2023. In contrast, it is anticipated that Europe's market share would decrease
from 2017 to 2023 and account for 20.24% of the worldwide pharma sector. With a
market share of 24.07% in 2023, the Asia Pacific pharmaceuticals market is
anticipated to maintain its second-place ranking. In 2023, it is anticipated
that the pharmaceutical markets in Latin America and the Middle East and Africa
(MEA) would hold respective market shares of 7.53% and 2.96%.
Globally, the scope is enormous. To
expand its workforce, the sector needs additional professionals. More admissions
to M. Pharm (Master of Pharmacy) have been documented in recent years, and one
reason might be the government providing scholarships to promote higher studies.
India lags in terms of research and the development but is super focused on
development of generics and sales of products.
On
the contrary, the United States and Europe place a strong emphasis on research.
Due to the high cost of research, India hasn’t been able to conduct large-scale
research programs. The research and development process alone might take 3-6
years. Clinical studies take 6-7 years, and regulatory review and post-approval
take 2-5 years. Many years have been spent combing through hundreds of
molecules investigated to have one drug approved for sale. A large quantity of
money is invested, yet the outcomes are underwhelming. That is, though, how
science works. Each M. Pharm (Master of Pharmacy) graduate contributes to the
profession in one way or the other, whether it is through chemistry,
formulation, analysis, clinical trials, regulatory work, pharmacovigilance,
etc.
The
most recent example of Covid-19 is where pandemic containment was achieved via
collaborative effort of multidisciplinary teams. But the most important role
was played by pharmacists all around the world, who worked around the clock
with other specialists like biotechnologists, virologists, and others to
produce a Covid-19 vaccine. It was produced effectively by professionals, and
all credit goes to the cornerstone of their expertise.
Many
places of the world would have stagnated if M. Pharm personnel had not existed.
Given the drug resistance of human bodies, the system would fail if the
medicine was not created. It is critical to continue researching in the field
of healthcare to stay up with emerging viruses/organisms.
CAREER
OPPORTUNITIES AFTER M. PHARM
India has a strong footprint in the global pharmaceutical sector. Apart from being the world's largest supplier of generic medicines, India meets more than half of the global demand for vaccinations. With countless prospects for growth and development in the pharmaceutical business, here are some intriguing career possibilities.
They
are merely a few. One may work in several areas, including manufacturing, Intellectual
property Rights (IPR) & patents, medical billing, quality assurance, entrepreneurship,
government sector, etc.
FUTURE OF PHARMA
The future of pharmaceuticals includes robotics, 3D drug printing, precision medicine, artificial intelligence, and other technologies. Newer sectors would emerge, and new areas would necessitate the engagement of more experts. The pharmaceutical sector is embracing the new digital era, which is brimming with innovative technology. With such developments occurring and looking ahead, more students should seek M. Pharm (Master of Pharmacy). With developing technologies and streams, M. Pharm students have a lot of opportunities in the future.