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Follow on Google News | Global Growth in Pharmaceutical Sales Being Reported by NAPRx to be 7% in 2012The NAPRx is a trade association for pharmaceutical sales reps, managers and trainers who work in the pharmaceutical industry.
By: Steven Neece The 5 - 8 percent compound annual growth rate during this period reflects the impact of leading products losing patent protection in developed markets, as well as strong overall growth in the world’s emerging countries. These conclusions are included in the latest release of IMS Market Prognosis™, the company’s series of strategic market forecasting publications. Global pharmaceutical sales growth of 4 - 6 percent is expected this year, consistent with IMS’s prior forecast. In 2009, the market grew 7.0 percent to $837 billion, compared with a 4.8 percent growth rate in 2008. A career in pharmaceutical sales requires an individual to be able to communicate technical pharmacology and medical information to physicians and pharmacists. A pharmaceutical sales representative must have knowledge of: general medical terminology, anatomy and physiology, and clinical pharmacology. All reps must have acquired this education before making their first sales call. The National Association of Pharmaceutical Sales Representatives® Pharmaceutical companies will require their new hires to understand pharmacology, medical terminology, selling guidelines, understanding relevant disease areas and much more before they send them out into the field. The CNPR® Certification program will cover "need to know" information about diseases and products that treat them. The tests that a new hire must be able to pass covers: disease background; anatomy and physiology to the disease; signs, symptoms, and diagnostic procedures; current treatment alternatives; # # # The National Association of Pharmaceutical Representatives (NAPRx®) is a trade association for pharmaceutical sales reps, sales managers and sales trainers who work in the pharmaceutical industry. NAPRx® provides Continuing Medical Education to its members as well as CNPR® Certification to candidates who look to enter a pharmaceutical sales career. Other services include Career Center, recruiter contacts, national conventions, sales conferences, local meetings, lobbying, Pharmaceutical Executive Magazine, job listings, newsletters and more. End
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