The major drug market drivers are rising incomes, easier access to high-quality healthcare facilities, and greater awareness of personal health and hygiene.
How is the Indian allergy drug market regulated?
Several government institutions, act as both challengers and motivators of the pharmaceutical sector and the allergy drug market.
The poor allergy related drug availability in the Indian pharma market
Indian pharmaceutical market predominately comprises of generic drugs (70% revenue share) with lesser OTC drugs (21% revenue share) and a very few patented drugs (9% revenue share).
Understanding the pharmaceutical marketplace of India
In the global pharmaceutical marketplace, the Indian pharmaceutical industry is at 13th position, in terms of value and has the 3rd largest volume (Department of Commerce, 2017).
Impact of the Drug Price Control Order on the pharma industry
The Drug Price Control Order (DPCO) was enacted by the Government of India in 1955. The latest amendments to the policy and regulations were made in 2013 and termed as DCPO-2013 (National Pharmaceutical Pricing Authority, 2018).
Understanding the FFDCA and FDAAA acts of the USA and its impact
Federal Food, Drug, and Cosmetic Act (FFDCA) of the United States were enacted to prevent the adulteration of food and drugs and their misbranding (Wozniak et al., 2012).
How are sales performance and production accounted in the pharmaceutical drug market?
The pharmaceutical drug market comprises of expenditures, value generation, sales, production capabilities, and availability. However, the drug market is mainly determined by the sales or the production rate of the companies.
Role of the Central Council of Indian Medicine (CCIM) in AYUSH
The Central Council of Indian Medicine (CCIM) is the statutory body under the Indian Medicine Central Council Act, 1970 incepted in the year 1971.