Trade Analytics
Pharmaceuticals
India's pharmaceutical sector will touch US$ 45 billion by 2020.

Infographic on the Growth of Pharmaceutical Industry in India

Latest update: December, 2017

  • India’s cost of production is nearly 33 per cent lower than that of the US
  • Labour costs are 50–55 per cent cheaper than in Western countries. The cost of setting up a production plant in India is 40 per cent lower than in Western countries
  • Cost-efficiency continues to create opportunities for Indian companies in emerging markets & Africa
  • India has a skilled workforce as well as high managerial & technical competence in comparison to its peers in Asia
  • India has the 2nd largest number of USFDA-approved manufacturing plants outside the US
  • India has 2,633 FDA-approved drug products. India has over 546 USFDA-approved company sites, the highest number outside the US
Growth
  • Growing per capita sales of pharmaceuticals in India offers ample opportunities for players in this market
  • Per capita sales of pharmaceuticals expanded at a CAGR of 17.6 per cent to US$ 33 in 2016
  • Economic prosperity would improve affordability for generic drugs in the market & improve per capita sales of pharmaceuticals in India

 

 

 

Note: CAGR - Compound Annual Growth Rate

Source: BMI

Growth

 

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