subject: Pharmaceutical Industry In India [print this page] Pharmaceutical Companies in India are growing at a very rapid percentage and this has made the Indian pharmaceutical industry as the second most important growing industry. As well the pharmaceutical industry in India is the third largest in the world , which will be of US$25 billion by 2015. Mergers and acquisitions are also the an element of this growth. The compounded annual growth rate of pharma in India is 12-15% and the global statistics are also 5-7% for the period of 2008-2013. With such a profound growth of pharmaceutical companies in India lots of pharmaceutical tasks can be seen. This during turn is so helping biotechnology industry and booming the biotechnology jobs in India.
Angel Broking has done a study on the growth of pharmaceutical industry and found that by 2015 the pharmaceutical industry during India is going to be in the hottest 10 markets. Yet an alternative finding of FICCI-Ernst & Young research reveals that the population of top revenue group in India is rising which may supply rise to way more influx of MNCs and expensive drugs.
Pharmaceutical Companies together with native corporations are also competing with the best MNCs. Such a absolute growth is because of the heavy population figures and with the accelerating number of middle category individuals and their revenue the access to drugs and medicines is as well augmenting. Nonetheless still the low-priced generics are also favored in Indian pharmaceutical industry.
From India in year 2007-08 profound of US$ 8.twenty-five billion were exported and there was seen 29% rise in this figure in 2009. MR Anand Sharma, Union Minister of Commerce said that pharmaceutical sector in India has grown and it is the major contributor to exports from India. During 1990 the quantity was meager as compare to nowadays's massive stats.
Vital Information on Pharmaceutical Companies in India
* During conditions of volume India's pharmaceutical industry is the 3rd biggest in the whole world.
* During terms of price - India's pharmaceutical industry ranks fourteenth
* By 2015 It is going to be in the list of hottest 10 global pharmaceutical markets and it may touch US $ 25 billion.
* 2008-2009 Saw 29% growth during exports of pharmaceutical drugs as compared to 2007
* 2013 Indian formulation market is expected to little bit US$ 13.7 billion
