Occupies 70%-80% share of the retail market
India is a prominent and rapidly growing presence in global pharmaceuticals. It is the largest provider of generic medicines globally, occupying a 20% share in global supply by volume, and also supplies 50% of global demand for vaccines. India ranks 3rd worldwide for production by volume and 13th by value, thereby accounting for around 10% of world’s production by volume and 1.5% by value.
India is the source of 60,000 generic brands across 60 therapeutic categories and manufactures more than 500 different Active Pharmaceutical Ingredients (APIs). The Department of Pharmaceuticals aims to make the country a hub for end-to-end drug discovery under its ‘Pharma Vision 2020’.
The country is home to 3,000 pharma companies with a strong network of over 10,500 manufacturing facilities. The domestic pharmaceuticals market turnover reached US$ 18.12 billion in 2018, up 9.4% from 2017, growing as penetration of health insurance and pharmacies rise.
100% Foreign Direct Investment (FDI) is allowed under the automatic route for greenfield pharma.
100% FDI is allowed in brownfield pharma; wherein 74% is allowed under the automatic route and thereafter through government approval route
For further details, please refer FDI Policy
Generics medicines exports share (global)
Contribution in overall exports
Generic drugs revenue share
Patented drugs revenue share
Largest vaccine producer in the world
Bio-Pharma is the largest sector contributing to 62% of the total revenue
Fourth largest medical device market in Asia
The pharmaceutical industry was valued at $ 36.7 bn in 2018. The market is expected to expand at a CAGR of 22.4% over 2015–20 to reach $ 55 bn.
Generic drugs, with 71% market share, form the largest segment of the Pharmaceutical industry in India. This is set to grow as exports of generics to the US rise, as branded drugs worth US$ 55 billion will become off-patent during 2017-2019. In the domestic market by revenue, Anti-Infectives (13.6%), Cardiac (12.4%) and Gastrointestinals (11.5%) had the biggest market share.
Online pharmacy Medlife has acquired Bengaluru based medicine delivery startup Myra. Medlife will use the delivery segment to expand its services to 22 cities.
Active pharmaceutical ingredients (APIs) and drug intermediates maker Divis Laboratories Limited is creating additional capacities by spending as much as INR 15 bn at its existing facilities in the next 15 months
Swiss pharma giant Ferring Pharmaceuticals will be investing $ 250 mn in setting up a manufacturing facility and R&D center in the city’s life sciences hub of Genome Valley.
Tyumen has joined a growing list of Russian regions keen on playing host to pharmaceutical ventures of Indian firms, a move that comes in the backdrop of Russia’s emphasis on building self-reliance in drug production.
Neuberg Diagnostics, an alliance of five leading pathology laboratories from India, South Africa, and the UAE, is planning to invest $ 43.7 mn in India, the Middle East, and Africa as part of its expansion plans.
Occupies 70%-80% share of the retail market
India is the 3rd largest market for APIs globally
Largest formulations exporter experiencing double-digit growth over next 5 years
Strong talent pool and cost savings make this one of the fastest-growing industry segments
Rising incomes, affordability of drugs and increasing health insurance penetration
The Department of Pharmaceuticals has announced the scheme f…
As per the second supplement of the Revised Guidelines issue…
With a view to achieve the objective of making available qua…
NPPP 2012 aims at the regulation of prices of drugs is on th…
The objective of Pharmaceutical Promotion Development Scheme…
Department of Pharmaceuticals is running following two inter…
Hyderabad Pharma City Project
Pharmaceutical Park at Chaygaon
Active Pharmaceutical Ingredients Project [Visakhapatnam]
Personalised Immunotherapy Based Cancer Research Facility
'Pradhan Mantri Bhartiya Janaushadhi Pariyojana’ is a campaign launched by the Department of Pharmaceuticals, Govt. Of India, to provide quality medicines at affordable prices to the masses through special kendra’s known as Pradhan Mantri Bhartiya Jan Aushadhi Kendra. Pradhan Mantri Bhartiya Jan Aushadhi Kendra (PMBJK) have been set up to provide generic drugs, which are available at lesser prices but are equivalent in quality and efficacy as expensive branded drugs.
To keep pace with the growing demand for highly skilled R&D professionals the government has undertaken the transformation of National Institutes of Pharmaceutical Education and Research (NIPERs). As a preliminary step, 11 NIPERs have been transformed as innovation hubs.
BPPI (Bureau of Pharma Public Sector Undertakings of India) has been established under the Department of Pharmaceuticals, Govt. of India, with the support of all the CPSUs for co-coordinating procurement, supply and marketing of generic drugs through Pradhan Mantri Bhartiya Jan Aushadhi Kendra (PMBJK).
The key principles for the regulation of the prices are:
a) Essentiality of drugs.
b) Control formulations prices.
c) Market based pricing.
The objective of Pharmaceutical Promotion Development Scheme (PPDS) is promotion, development and export promotion in Pharmaceutical sector by extending financial support for conduct of seminars, conferences, exhibitions, mounting delegations to and from India for promotion of exports as well as investments, conducting studies/ consultancies for facilitating growth, exports as well as critical issues affecting Pharma sector.