Published on August 31, 2015

Indian Pharmaceutical sector accounts for about 3% of global pharmaceutical industry in value term and 10% in volume term.  Indian Pharmaceutical sector is expected to expand at a CAGR   of around 16% to US dollar 55 billion by 2020 from 20 billion in 2015.  Export of Indian drugs increased more than 200 countries in the world. Pharmexcil look forward to pharmaceutical exports to reach US dollar 25 billion in 2015.

As per ‘Pharma vision 2020’, the Government of India expected at building more hospital, improving the quality of pharmaceuticals and improving the quality of medical training. Also Governments are focusing on speedy introduction of generic drug in to the market. This too will benefit Indian pharma companies.

According to market report, by 2016, India is anticipated to be the third largest global generic Active Pharmaceutical Ingredient commercial market and is world’s leader in DMFs applications with the US.  In this manner Indian pharma industry grow greatly in forthcoming year.