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Pharma industry in India.

V M Sundaram1

  • 1Domex Business Information Pvt Ltd, Chennai, India.

Drug News & Perspectives
|February 28, 2008
PubMed
Summary
This summary is machine-generated.

The Indian pharmaceutical industry is a global leader in producing affordable generic drugs, with significant growth projected. Its strengths in cost, expertise, and raw material production position it for continued expansion in the world market.

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Area of Science:

  • Pharmaceutical industry
  • Drug manufacturing
  • Global market analysis

Background:

  • India is a major global player in the pharmaceutical sector, ranking fourth in volume and 13th in value.
  • The Indian generic drug market holds a 14% share of the global market, with significant future growth anticipated.

Purpose of the Study:

  • To analyze the strengths and growth potential of the Indian pharmaceutical industry.
  • To highlight key factors contributing to India's success in generic drug production.

Main Methods:

  • Market share analysis
  • Industry capability assessment
  • Future market projection based on industry trends

Main Results:

  • Projected increase in India's global generic market share to 50% by 2010.

Related Experiment Videos

  • Anticipated growth of the Indian pharmaceutical market to USD 20 billion by 2015, positioning it among the top 10 global drug markets.
  • Introduction of key generic drugs, including carvedilol, allopurinol, verapamil SR, and paclitaxel, by leading Indian companies.

    • Conclusions:

    • India's pharmaceutical industry leverages cost competitiveness, reverse engineering expertise, skilled workforce, and raw material production capabilities.
    • Strategic initiatives like integrated drug development and international market expansion are driving the industry's growth.