Press release
India Pharmaceutical Market To Grow at a CAGR of 12.3% During 2024-2032 | IMARC Group
India Pharmaceutical Market
The India pharmaceutical market size reached US$ 54.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 163.1 Billion by 2032, exhibiting a growth rate (CAGR) of 12.3% during 2024-2032.
India Pharmaceutical Market Overview:
Pharmaceuticals encompass a range of products specifically designed to diagnose, treat, and prevent diseases and medical conditions in humans and animals. They are formulated using various active and inactive ingredients produced under stringent quality controls to ensure efficacy and safety. The pharmaceutical sector includes different types of products, such as prescription medications, over-the-counter drugs, biopharmaceuticals, and generics.
They are dispensed in various forms like tablets, capsules, injections, and syrups, among others. From a business perspective, pharmaceuticals offer the advantage of a constantly evolving market driven by technological advancements and increasing healthcare needs. They are critical in improving health outcomes, managing chronic conditions, and enhancing the quality of life.
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India Pharmaceutical Industry Growth:
In India, the pharmaceutical market is majorly driven by the growing population and an increase in lifestyle-related diseases influencing demand for pharmaceutical products. Along with this, India's cost-effective manufacturing and skilled labor force are making it a preferred location for pharmaceutical production, often termed the 'pharmacy of the world. In addition, advancements in biotechnology and the increased focus on research and development are supporting the market toward innovative products and treatments.
Moreover, regulatory support in the form of eased guidelines and initiatives for foreign investments is also catalyzing growth. Apart from this, the rising trend in the adoption of generic drugs due to government initiatives to make healthcare more affordable is impacting the market. Furthermore, increased healthcare spending and the expansion of healthcare infrastructure are creating a conducive environment for the growth of the pharmaceutical market in India.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-pharmaceutical-market
India Pharmaceutical Industry Segmentation:
Competitive Landscape with Key Players:
• Abbott India Limited (Abbott Laboratories)
• Aurobindo Pharma Limited
• Biocon Limited
• Cadila Pharmaceuticals Limited (CPL)
• Cipla Limited
• Divi's Laboratories Limited
• Reddy's Laboratories Ltd.
• GlaxoSmithKline Pharmaceuticals Limited (GSK plc)
• Lupin Limited
• Mankind Pharma Ltd.
• Merck India Private Limited
• Novartis India Limited (Novartis AG)
• Pfizer Healthcare India Pvt. Ltd. (Pfizer Inc.)
• Sun Pharmaceutical Industries Ltd.
• Torrent Pharmaceuticals Ltd. (Torrent Group)
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
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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Contact Us:
IMARC Group
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Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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