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).
allergy drug market, industry overview, pharmaceutical industryIn 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).
allergy drug market, industry overview, market dynamics, pharmaceutical industryThe 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).
allergy drug market, industry overview, pharmaceutical industryFederal 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).
allergy drug market, industry overview, pharmaceutical industryThe 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.
allergy drug market, industry overview, pharmaceutical industryR&D investments are an important component for driving the sales and distribution of the pharmaceutical drug market (Pammolli, Magazzini, & Riccaboni, 2011).
allergy drug market, ayush, industry overview, situational mappingIt can be observed that few key industries belonging to these two sectors have boosted at a faster rate than the others and attracted more FDI than the others.
fdi is vital for the economy, industry overview, the two faces of fdi, Trend of FDIThe drug market in India not only manufactures drugs to be used in the country but also for export to other countries of the world (Basak, 2018). There are different international policies and laws as well as country-specific laws that pharma companies need to follow for the export of drugs.
allergy drug market, industry overview, pharmaceutical industry, situational mapping