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Global health spending is on the rise and the life sciences industry is expected to reach $1.5 Trillion by 2022.
The compound annual growth rate (CAGR) for health care spending across 60 countries is predicted to increase 5.4% for the period 2018–2022, compared to just 2.9% over 2013–2017.
As data-driven technologies provide biopharma, consumer healthcare and MedTech organizations with treasure troves of information, and automation takes over some mundane tasks, new talent models are emerging based on purpose and meaning. The integration of artificial intelligence (AI) and machine learning approaches within life sciences is making drug discovery and development more innovative, time-effective, and cost-effective.
2023 will continue to see a focus on the impact of digital transformation in life sciences. This transformation will revolve around the use of technology symbiotically and strategically. Data is fast becoming the currency of life sciences, and digital enterprises are building new business models for the future.
The demands on today’s life sciences leaders are increasingly complex. They must adapt to an evidence-based, outcome-focused, and behavior-driven world; address the growing challenge of chronic diseases; shift from a mindset of treatment to one of prevention; incorporate big data; bring their organizations from product-centricity to customer-centricity; foster continuous relationships with patients rather than one-off transactions; and, ultimately, change the value proposition for patients, providers, and payers — and thus for shareholders.
While the next few years may be a transition period for the industry, we anticipate that with the right management in place, and with the understanding of current trends, the following decade could bring renewed productivity and prosperity to the industry. At August Leadership, we work with our clients to identify and develop the leaders who can make that happen.
Anke has a long-standing career in executive search and has conducted Board level and senior executive mandates across a range of geographies and industry sectors.
Michael is Cofounder & Managing Partner of August Leadership in China and IOT ONE, a global IoT consulting practice.
Alastair has more than 30 years’ international experience as a business leader, both in major blue chip multinational companies, and in global executive search.
Linda has over 20 years of executive search experience in Advertising, Marketing, Media & Mobility, Digital Transformation, Life Sciences, and Nonprofit.
Claudia Seidner has many years of experience recruiting for challenging leadership roles in large corporate groups and medium-sized companies. Her focus industries include transportation, tourism and logistics, IT and telecommunications, pharmaceuticals, life science, and renewable energies.
Christine Sobhani brings over 20 years of recruitment experience to August Leadership. She is a leader in the talent acquisition and talent management space with a focus in HR and leadership roles across industries.
Chun has more than 12 years executive search experience.
Jane Feng is an Advisory Partner of August Leadership, based in Shanghai.
James has a keen interest in innovative, technology-enabled industrial, healthcare, and consumer businesses. Clients value his deep understanding of the essential leadership characteristics of Chinese executives who succeed in western organisations.
As a Partner at August Leadership, Markos leads operations in Australia. With over 30 years of experience, Markos focuses on the Technology, Private Equity, and Retail industries.
Focused on mission-driven or for-purpose organizations, Nicole has advised on C-suite talent transitions, diversity, equity & inclusion (DEI), board/governance, human capital, and organizational development.
Susan has over fifteen years’ experience sourcing the most exceptional candidates across sectors in international development, including public health, life sciences, climate change, environment, advocacy, agriculture research, and development finance.
John possesses over 25 years of experience in the retained search industry and has executed assignments across all functional disciplines in the Aerospace & Aviation, Healthcare & Life Sciences and Industrial Technology.
Greg brings over two decades of executive search experience to August Leadership. He serves as a strategic business partner to boards and executive leadership across the healthcare services and life sciences industries.
