Indian Pharmaceutical Market Outlook, Industry Growth Rate

Indian pharmaceutical market

According to the latest report by IMARC Group, titled “India Pharmaceutical Market Research Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Indian pharmaceutical market size reached US$42.1 billion in 2021 , IMARC Group expects the market to reach US$88.6 billion by 2027, growing at a growth rate (CAGR) of 13.10% over the period 2022-2027. Pharmaceutical means a substance or drug used to diagnose, treat or prevent disease in order to restore, correct or modify organic functions. It is used to treat conditions including Parkinson’s disease, cardiovascular disease, sexually transmitted diseases (STDs), and cancer. In recent years, the pharmaceutical industry has grown exponentially due to the increasing demand for pain management and acute therapies, such as gastro and respiratory.

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Indian Pharmaceutical Market Trends:

One of the major factors driving the market is the sudden outbreak of the coronavirus disease (COVID-19), across the country. Additionally, the extensive use of intelligent automation in the pharmaceutical industry to diagnose and manage diseases is creating a positive market outlook. Apart from this, the industry is positively influenced by the introduction of a one-stop-shop system to streamline drug development procedures and help in quick approval of commercially viable projects. In addition, the increasing aging of the population has led to an increase in the number of people being diagnosed with chronic diseases, such as rheumatoid arthritis, hypertension, cancer and diabetes. With this in mind, the pharmaceutical industry has grown exponentially across the country by developing new cost-effective technologies and more efficient manufacturing techniques. Furthermore, the vast research and development (R&D) activities carried out by the Indian government to support rapid drug discovery for better health outcomes are creating lucrative growth opportunities for major players operating in the industry. Other factors inducing growth are increased income levels, improved medical infrastructure, lower manufacturing costs, highly skilled workforce, and improved marketing and distribution system.

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Analysis and segmentation of the Indian pharmaceutical market 2022-2027:

Breakdown by type:

• Pharmaceutical drugs

o Cardiovascular drugs
o Dermatological drugs
o Gastrointestinal medications
o Genito-urinary drugs
o Hematology drugs
o Anti-infective drugs
o Medicines for metabolic disorders
o Drugs for musculoskeletal disorders
o Central nervous system drugs
o Oncology drugs
o Eye medications
o Medicines for respiratory diseases

• Organic Products

o Monoclonal Antibodies (MAbS)
o Therapeutic proteins
o Vaccines

Break by nature:

• ORGANIC
• Conventional

Breakdown by region:

• North India
• West and Central India
• South India
• East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of key players.

Main highlights of the report:

• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

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The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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