Press release
India Pharmaceutical Market FY 2025-30 to Reach USD 92.32 Billion Value By 2030 with 11.62% CAGR: MarkNtel Advisors
India, known as the "pharmacy of the world," already supplies 20% of global generic medicines and over 60% of global vaccines, exporting to more than 200 countries. With rising chronic diseases, strengthened trade ties, and increasing adoption of sustainable practices, India's pharmaceutical sector is set to outpace many global peers over the next five years.
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Leading Players: Top Indian Pharmaceutical Companies
◾ Sun Pharmaceutical Industries Ltd.
◾ Dr. Reddy's Laboratories Ltd.
◾ Cipla Ltd.
◾ Lupin Ltd.
◾ Aurobindo Pharma Ltd.
◾ Zydus Lifesciences Ltd.
◾ Torrent Pharmaceuticals Ltd.
◾ Glenmark Pharmaceuticals Ltd.
◾ Alembic Pharmaceuticals Ltd.
◾ Biocon Ltd.
... Others
What Is Driving India's Pharmaceutical Growth?
The expansion of India's pharmaceutical sector can be linked to multiple growth factors:
◾ Chronic Disease Burden: Over 100 million Indians live with diabetes, while cardiovascular diseases cause 25% of annual deaths. India also accounts for nearly 30% of global TB cases, with 2.4 million new cases reported in 2023.
◾ Rising Demand for Medications: Around 200 million Indians suffer from kidney-related conditions, significantly boosting pharmaceutical consumption.
◾ Strong Production Base: India produces more than 60,000 pharmaceutical formulations annually, making it a leading global supplier.
Why Is the Global Demand for Indian Medicines Rising?
India's pharmaceutical exports are surging due to affordability and international quality approvals from regulators like the WHO and USFDA. Medicines and vaccines made in India are widely used in the US, Europe, Africa, and Asia. This global reach strengthens India's position as an indispensable partner in worldwide healthcare.
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How Is the Government Supporting Pharma Growth in India?
Several initiatives are boosting local manufacturing and R&D:
◾ The Production Linked Incentive (PLI) Scheme allocates nearly USD 800 million to promote API and drug manufacturing in India.
◾ The Pharma Vision 2020 roadmap continues to guide policy for strengthening India's position as a pharmaceutical leader.
◾ In 2025, the government reintroduced 200% tax deductions on R&D expenditures, incentivizing innovation.
◾ The India-UK Free Trade Agreement (2025) opened opportunities for Indian pharma exports with 0% tariffs in the UK market.
"India's pharmaceutical industry is not only expanding domestically but also redefining global healthcare access. With government backing, trade agreements, and world-class manufacturing, India is positioned to lead the next wave of affordable innovation,".
How Is Sustainability Reshaping India's Pharma Industry?
Leading companies are integrating green and sustainable practices into drug manufacturing:
◾ Granules India partnered with Greenko Group in 2023 to develop eco-friendly Green Pharma Zones.
◾ Lupin Pharmaceuticals adopted renewable energy and green chemistry in 2024.
◾ Sun Pharma has invested in energy-efficient, low-emission technologies.
These steps not only cut environmental impact but also align India with global sustainability benchmarks.
Which Market Segments Are Leading the Growth?
◾ By Product Type: Prescription drugs dominate with 70% share, reflecting their importance in treating widespread chronic diseases.
◾ By Distribution Channel: Hospital pharmacies hold 26% share, driven by convenience and patient trust.
◾ By End User: Hospitals and clinics contribute the highest demand, supported by rising patient inflows.
What Opportunities and Challenges Lie Ahead?
Opportunities:
◾ Expanding biosimilar and specialty drug segments.
◾ Stronger exports via trade agreements.
◾ Rising R&D through tax incentives.
Challenges:
◾ Regulatory hurdles from the CDSCO, leading to delayed product launches.
◾ Intense competition in generics, limiting innovation for small-scale firms.
How Does India Compare With Qatar and Saudi Arabia?
Other pharmaceutical markets in the region are also showing growth:
◾ The Qatar Pharmaceuticals Market is projected to expand from USD 532 billion in 2025 to USD 698 billion in 2030, at a CAGR of 5.58% (source: https://www.marknteladvisors.com/research-library/pharmaceuticals-market-qatar.html ).
◾ The Saudi Arabia Pharmaceuticals Market is forecasted to rise from USD 12.37 billion in 2025 to USD 18.12 billion in 2030, growing at a CAGR of 7.93% (source: https://www.marknteladvisors.com/research-library/pharmaceuticals-market-saudi-arabia.html ).
"Compared to Qatar and Saudi Arabia, where growth is steady, India's CAGR of 11.62% is significantly higher, positioning it as one of the most dynamic pharmaceutical markets globally,".
What Are the Latest Industry Developments in India?
◾ 2025: Sun Pharma launched Fexuclue® (Fexuprazan) for erosive esophagitis treatment.
◾ 2025: Dr. Reddy's Laboratories partnered with Alvotech to co-develop a biosimilar of Merck's cancer drug Keytruda.
These highlight India's growing focus on specialty drugs and biosimilars.
Why Does the India Pharmaceutical Market Matter Globally?
India's growth story is about more than market size. With its affordability, innovation, and global outreach, India is set to shape the future of healthcare worldwide. By 2030, the India Pharmaceutical Market will not only be a USD 92.32 billion industry but also a central player in global medicine access.
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Contact Us:
MarkNtel Advisors
Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Contact No: +91 8719999009
Email: sales@marknteladvisors.com
About MarkNtel Advisors:
We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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