Understanding How The Indian Pharmaceutical Industry Works

Understanding How The Indian Pharmaceutical Industry Works

Modern medicine is nothing short of miraculous, especially compared with the medicine of even a decade or two ago. But medicine can always be better, and the pharmaceutical branch of the healthcare industry plays a bigger role than ever in our everyday lives. With the benefits and detriments of pharmaceuticals well-documented, one question remains: where does Pharma go from here?

India is the biggest global manufacturer of generic drugs. Indian pharmaceutical industry provides more than 50% of global demand for different vaccines, 40% of US generic demand and 25% of all medicines in the UK.

India holds an important position in the pharmaceutical industry worldwide. The nation also has a wide pool of scientists and engineers with the ability to bring the industry even higher forward. Presently over 80 percent of the antiretroviral drugs used globally to combat AIDS (Acquired Immune Deficiency Syndrome) are supplied by Indian pharmaceutical firms.

Medicine expenditure in India is projected to increase by 9-12 percent over the next five years, making India one of the top 10 countries in medical expenditure. Buy pharma equipment online from medical equipment providers India.

Moving forward, increased domestic sales growth would also rely on the company’s ability to match its product portfolio with increasing chronic therapies for diseases such as cardiovascular disease, anti-diabetes, anti-depressants, and anti-cancers.
The Indian government has taken many steps to make affordable healthcare equipment and supplies available.

Speedy introduction of generic drugs into the market has remained in focus and is expected to benefit the Indian pharmaceutical companies. In addition, the thrust on rural health programs, lifesaving drugs and preventive vaccines also augurs well for the pharmaceutical companies.