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Indian Pharmaceutical Industry

Indian Pharmaceutical Industry. Bharat Book Bureau. Summary.

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Indian Pharmaceutical Industry

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  1. Indian Pharmaceutical Industry Bharat Book Bureau

  2. Summary The Indian Pharmaceutical Industry (IPI) is globally the 3rd largest in terms of volume and 13th largest in terms of value. The total market size of Rs. 1,233 bn includes domestic consumption market of Rs.600 bn (contributing ~48.6%) and the exports market being Rs. 633 bn (contributing ~51.4%). The industry grew at a CAGR of ~12.5% during the past five years and is expected to growth at a robust CAGR of 15.1% during FY2012-17 given huge export potential coupled with steady growth in the domestic formulation market.

  3. Continue… Growth in the domestic pharma market will be driven by increase in the penetration of medical facilities, increase in the prevalence of chronic diseases, rising per capita income and increase in the health insurance coverage. Growth in the exports of pharmaceutical products from India will be driven by patent expiries of the major branded drugs across the world, particularly in the US market. The growth in the US market will be led by increasing generic penetration and healthy ANDA (Abbreviated New Drug Application) pipeline of Indian pharma players. 

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