Why you should invest in Indian pharma stocks : A snapshot of all the actions Pharma industry is enjoying

▴ Why you should invest in Indian pharma stocks : A snapshot of all the actions Pharma industry is enjoying
The industry is expected to each 65-bn-dollar by 2024 and to 120 bn dollars by 2030

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 62% of global demand for vaccines. India ranks 3rd worldwide for production by volume and 14th by value. 

India is the only country with the largest number of US-FDA compliant Pharma plants (more than 262 including APIs) outside of the USA. India has more than 2000 WHO-GMP approved Pharma Plants, 253 European Directorate of Quality Medicines (EDQM) approved plants with modern state of the art technology.

India is the source of 60,000 generic brands across 60 therapeutic categories and manufactures more than 500 different Active Pharmaceutical Ingredients (APIs). The API industry is ranked third largest in the world contributing 57% of APIs to prequalified list of the WHO.

The country is home to more than 3,000 pharma companies with a strong network of over 10,500 manufacturing facilities. The domestic pharmaceuticals market turnover reached $20.03 bn in 2019, up 9.3% from 2018, growing as penetration of health insurance and pharmacies rise.

From 2018-19, India’s pharmaceuticals exports were worth $19.3 bn with a growth of 10.72% year on year India holds 12% of all global manufacturing sites catering to US market The cost of manufacturing in India is approximately 33% lower than that of the US India’s online pharmacy market is estimated to swell to $2.7 bn by 2023 from about $360 mn in 2019

Happy Investing!

Tags : #IndiaPharmaStocks #IndianPharmacompanies #WHOGMP #USFDA #EDQM #EuropeanDirectorateofQualityMedicines #GenericMedicines #API #PharmaInvesting

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Why Maternal Health May Be Entering Its Most Dangerous Era YetMay 17, 2025
The Cancer-Fighting Habit That Costs Nothing but Changes EverythingMay 17, 2025
When Fitness Turns Into a Fight: Can Too Much Exercise Hurt a Teen’s Mind?May 17, 2025
CARE Hospitals Hosts National Ultrasound Life Support (NULS) Workshop in Association with SEMI —A Landmark in Collaborative Medical EducationMay 17, 2025
Olive Hospital Marks World Hypertension Day with a Call for Regular Blood Pressure MonitoringMay 17, 2025
Hypertension in India: A Silent EpidemicMay 16, 2025
Know Your Blood Pressure & Keep It Under CheckMay 16, 2025
SBI Securities Contributed ₹49 Lakh to Enhance Eye Care Services in Odisha and West Bengal.May 16, 2025
7 Must Have Apps to Help You Break Free and Redefine Your Daily RoutineMay 16, 2025
Çelebi Aviation India Refutes False Allegations; Reaffirms Its Long-standing Commitment to India’s Aviation SectorMay 16, 2025
The Belly Bulge That Predicts the Future: What Every Parent Must KnowMay 16, 2025
Your Brain is Shrinking And Your Chair Might Be to BlameMay 16, 2025
Dengue on the Rise in India: A Wake-Up CallMay 15, 2025
Mumbai to Host Inter Passenger Terminal Show 2025 (IPTS 2025) May 15, 2025
Sharda Care Healthcity Saves 4-Year-Old Girl from Limb Amputation After Severe, Neglected InjuryMay 15, 2025
Indian students at Universities of Birmingham and Glasgow to get competitive advantage through exclusive careers supportMay 15, 2025
SIMS Hospital Performs South India’s First Combined Beating Heart Four Vessel Bypass and Pacemaker Implantation on 92-Year-Old DoctorMay 15, 2025
CoinDCX eyes over 30% of its revenue from the MENA region May 15, 2025
SBI Card Partners Apollo HealthCo; Introduces Apollo SBI Card SELECT CardMay 15, 2025
Top 5 E-Commerce Platforms in India for Your Every NeedMay 15, 2025