Indian Pharmaceutical Market Outlook, Industry Growth Rate (13.10%), Future Demand, Share Size, Research Report 2022-2027

According to the latest report by IMARC Group, titled,"India Pharmaceutical Market Research Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the India pharmaceutical market size reached US$ 42.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 88.6 Billion by 2027, exhibiting a growth rate (CAGR) of 13.10% during 2022-2027. Pharmaceutical refers to a substance or drug used to diagnose, treat, or prevent diseases to restore, correct, or modify organic functions. It is used to treat illnesses, including Parkinson's disease, cardiovascular disease, sexually transmitted diseases (STDs), and cancer. In recent years, the pharmaceutical industry has grown exponentially due to the rising demand for pain management and acute therapies, such as gastro and respiratory.

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India Pharmaceutical Market Trends:

One of the primary factors driving the market is the sudden outbreak of the coronavirus disease (COVID-19), across the nation. Additionally, the extensive utilization of intelligent automation in the pharmaceutical industry to diagnose and manage diseases is creating a positive market outlook. Other than this, the industry is positively influenced by the introduction of single-window system to streamline drug development procedures and assist in fast approvals of commercially viable projects. Besides this, the increasing aging population has led to a rise in the number of individuals diagnosed with chronic illnesses, such as rheumatoid arthritis, hypertension, cancer, and diabetes. In line with this, the pharmaceutical industry has expanded exponentially across the country by developing cost-effective, new technologies and more efficient manufacturing techniques. Furthermore, extensive research and development (R&D) activities performed by the Government of India to support rapid drug discovery for better health outcomes are creating lucrative growth opportunities for key players operating in the industry. Other growth-inducing factors are expanding income levels, improving medical infrastructure, lower manufacturing costs, a highly skilled workforce, and enhanced marketing and distribution system.

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India Pharmaceutical Market 2022-2027 Analysis and Segmentation:

Breakup by Type:

• Pharmaceutical Drugs

o Cardiovascular Drugs
o Dermatology Drugs
o Gastrointestinal Drugs
o Genito-Urinary Drugs
o Hematology Drugs
o Anti-Infective Drugs
o Metabolic Disorder Drugs
o Musculoskeletal Disorder Drugs
o Central Nervous System Drugs
o Oncology Drugs
o Ophthalmology Drugs
o Respiratory Diseases Drugs

• Biologics

o Monoclonal Antibodies (MAbS)
o Therapeutic Proteins
o Vaccines

Breakup by Nature:

• Organic
• Conventional

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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