Growth of Indian Pharmaceutical Industry in 2018-2019
The Pharmaceutical industry in India is developing, producing, and marketing medicines in the huge market. Increasing population and changing lifestyle rise the demand for medicines in the modern era. Pharma industry plays a very important and vital role in the human’s life. As we all know, India is the hub of the pharmaceutical industry, So India is the biggest distributor of medicines globally.
In India, there are end numbers of pharma companies which running their business in the pharma field. Most of the companies doing well as they offers quality products. So the future of the pharmaceutical sector is really bright. Mostly the pharma companies deal in generic medicines and earn good profit from the business. Since the profit margin is good and the competition increasing the pharma companies striving to be the first to find medicine for the specific disease.
In our nation, there are many pharma companies which create the standard for the healthcare products. Among all, Stensa lifesciences is the one which introduces high-quality medicines at affordable prices. Now the company offers PCD Pharma Franchise in your region. This is a great business platform to earn well. Interested one can contact us at +91 8725010016 and for more details, mail us at firstname.lastname@example.org
Pharma industry in India
The Indian Pharmaceutical industry is doing tremendous work and improving people life both medically or economically. In the past years, the approximate turnover of pharma industry was $US 1 billon but in 2015 it rise by $US 30 billon. Now the company rank on 3rd position bt the production value. India exports pharma products more than 200 countries which are having highly regulated markets. People of India getting good exposures for working in pharma industry. The pharmaceutical industry now produces all kind of drugs in bulk. Here are the facts for the pharma industry growth –
· High demand for emerging segments
· Increasing outsourcing activities
· Rising demand for generics market
· Growth in healthcare products which has a good profit margin
India Position on Global Market
The pharmaceutical sector was valued at US$ 33 billion in 2017. India’s pharmaceutical industry is expected to expand at a CAGR of 22.4 percent over 2015–20 to reach US$ 55 billion. India’s pharma exports stood at US$ 17.27 billion in FY18 and have reached US$ 10.80 billion in FY19. So it is tremendous growth which improves country income and gives the good business opportunity to career seekers.
Some of the recent developments in the Indian pharmaceutical sector are as follows:
· Between Jul-Sep 2018, Indian pharmaceutical sector witnessed 39 PE investment deals worth US$ 217 million.
· Investment as a percentage (%) of sales in research & development by Indian pharma companies* artound from 5.3 percent to8.5 percent in FY18.
· In 2017, the Indian pharmaceutical sector witnessed 46 merger & acquisition deals worth US$ 1.47 billion
· The exports of the Indian pharmaceutical industry to the US will get a quick boost, as branded drugs worth US$ 55 billion will become off-patent during 2017-2019.
Government Initiatives for the Pharma industry
The government also taking initiatives and spreading awareness of using healthcare products. In October 2018, the Uttar Pradesh authority announced that they set up six pharma parks in the state. Moreover, The Government of India unveiled 'Pharma Vision 2020' aimed at making India a global leader in end-to-end drug manufacture. The Indian government has taken many steps to reduce costs and bring down healthcare expenditure.
In the end we can say, the Pharma industry has great scope and bright future ahead. The demand for medicines always rises as everyone in seek of better health. So for meeting medicines demand in the market, the PCD Pharma franchise is the best source for distributing medicines at vacant places.
Post a Comment