Pharmacists are the latest in a growing number of healthcare professionals to find their dreams of working in healthcare technology are becoming increasingly realistic.
With a growing need for new medical technology, pharmacists are looking for new opportunities to earn income, which is why the growing demand for new pharmacist jobs has sparked an unprecedented amount of interest from companies looking to recruit and train their own staff.
While pharmacist job growth is expected to continue, many pharmacists have begun looking to their local pharmacy tech company for a way to make extra money in the field.
The pharmacy tech companies in this article have an average annual salary of $60,000, which has been increased by over $10,000 since 2018, according to the Federal Reserve Bank of San Francisco.
This trend will likely continue with the increasing number of companies looking for the most efficient and well-trained pharmacists, said Jason Giannascoli, the chief executive officer of Bluefield Pharmaceuticals, a company that focuses on developing new drug delivery systems and diagnostics.
The pharmacy tech jobs in this post are generally located in states with a relatively low unemployment rate and a population of around 4 million, according, Gianniscoli.
They typically require at least two years of pharmacy school and are generally in the same field as pharmacy tech.
The job is typically a relatively high paying one, he said.
While pharmacists may be considered the first line of defense in many healthcare systems, there is a growing demand in the industry for more skilled employees.
In 2018, the average pharmacy tech position in the United States was $80,000.
The median pay for the job is $60 to $70 per hour, according the Bureau of Labor Statistics.
The unemployment rate for pharmacists is around 6.6 percent, according a survey conducted by The Pharmaceutical Research and Manufacturers of America.
This is about one-fifth of the general population.
This type of job also provides a chance to gain valuable experience that is not usually available to the general public, Gannascoli said.
The number of pharmacist positions in the U.S. is projected to grow by 6,000 jobs between 2020 and 2025, according Data from the Bureau for Economic Analysis.
Pharmacy tech is currently one of the fastest growing industries in the country, according Giannaccoli, and he believes it is only a matter of time before it overtakes other healthcare industries.
The biggest threat to the job market for pharmacist employees is competition for their positions, according Alex Smith, a senior research analyst at The Baker Hughes Group, an independent research firm.
The demand for pharmacy tech is expected grow even more as pharmacists become more involved in healthcare-related tasks.
The growing demand could lead to shortages of pharmaceutically trained pharmacists as more and more of the industry becomes automated, Smith said.
This is why pharmacists must develop skills in a variety of areas to be able to compete in a rapidly changing healthcare industry, Smith added.
The more advanced pharmacists can also help provide better care, and help save patients money by providing a more efficient solution to a health care problem.
The demand for pharmacacist jobs also could increase the cost of healthcare in the future, according Smith.
Pharmacists have traditionally been the backbone of healthcare systems and they will be responsible for the cost-sharing, administration, and maintenance of all healthcare products and services, according Toilor’s Law.
This means the pharmacy tech positions may not provide enough benefits to make up for the higher costs of healthcare.
The average salary for pharmacy jobs in the States is around $60K, according data from the BLS.
It was $70K in 2018.
However, pharmacist salaries have been increasing steadily over the past decade, according Citi, which tracks healthcare salaries.
According to the National Association of Boards of Pharmacy, pharmacy jobs in 2018 totaled more than 13 million.
In 2020, the industry posted a total of 18.7 million employees, according Bureau of Economic Analysis data.
The job market is expected continue to expand as pharmacist demand continues to grow, Gammascoli told CNBC.
With the growing number and increasing demand for pharmacist work, pharmacompare.com, a website that aggregates job listings and pays for job seekers to get jobs, reported that pharmacist applicants are now over 2.5 million in the past year, with the highest growth coming in 2018 and 2019.
Pharmacist companies in the US are investing in more healthcare tech, which will be crucial in keeping up with rising demand for the jobs, said John A. Sullivan, the CEO of Bluebird Pharma, a global healthcare provider that offers pharmacy services and medical devices.
Bluebird has seen its pharmacist hiring grow by more than 10,000 employees in the last three years, Sullivan said.
“As we add more and further pharmacists to our team, our goal is to remain a global leader in healthcare,