Rajat

Indian pharmaceutic Market Overview In India, the pharmaceutical vault of heaven is one of the fastest growing science-based industries. The Indian industry produces nearly 10.5 percent (by volume) of the worlds doses and is among the top 10 drug manufacturing countries and twenty percent largest manufacturer of bulk drugs. The local market place is the 3rd largest in volumes in the world with sales of approx. $9 gazillion, excluding exports. Indias Pharmaceutical industry in 2009 Sh atomic number 18 of spherical sales: mensurate 1%, Volume 10.5% Global ranking: 3rd in volume, 11th in value Domestic market: $9 one million million million Exports: $12 billion Imports: $1 billion Bulk drug production: $3 billion Employment: 6 million direct, 24 million indirect Capital investment: $2 billion Production costs: Among the lowest in the world, estimated to be 70% less than the West. Source: OPPI. The organized sector can be classified into Indian and multinational companies on the basis of willpower and management control. Domestic companies in India control 75% of the market and multi-national corporations (MNCs) control the remaining 25% .

The top 10 companies in the industry control over 30 percent of the market. The domestic industry meets about 90 percent of the countrys pharmaceutical demand. R&D expenditure of Indian firms is miniscule compared to global benchmarks. However, Indian companies are stepping up their research activities. The Indian manufacturers are also increasingly tapping the export market. Export revenues now run almost half the total revenues for the top three pharma majors, viz, Dr.Reddys, Ranbaxy & Cipla. The Indian market has grown much more than anticipate since 2005 year, due to, to some structural changes (health insurance, rising incomes and changing lifestyles), and mayhap acceleration of product launches by Indian companies before drugs with patents issued by and by 1995 hit the market. Growth in the... If you want to get a full essay, order it on our website: Ordercustompaper.com

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