INDIAN PHARMACEUTICAL INDUSTRY - WHEREABOUTS & THE GROUND TO COVER
GLOBAL POSITION ~ A GLIMPSE MARKET SIZE : Indian pharmaceutical industry stands at 3rd position in terms of volume and around 14th in terms of value globally. The size of the pharmaceutical market in India is around $40 billion, which is around 3% of the global pharmaceutical market. EXPORTS : {CAGR ~ compounded annual growth rate, SAGR ~ simple annual growth rate} As can be seen in the above image, Indian exports have shown an annual CAGR of 3.63% over the last 5 years. Indian pharmaceutical exports were $ 20.14 billion in Jan 2021. Currently India’s share in global exports is 2.5% approximately. REVENUE SHARE: The major source of Indian pharmaceutical revenue comes from sale of generics. It's almost 71% of total revenue. The other major sources are OTC (20%) and patented products (9%). GLOBAL SUPPLY India supplies around 40% of the United states generics demand, 25% medicines requirement in the United Kingdom, 80% of the global AIDS vaccines. Apart from these statistic