Pharmaceutical Industry Market in India & Oman Recorded Substantial CAGR Growth of 12.7% Expected to 2030 | F. Hoffmann-La Roche AG, Bayer AG, Novartis International AG, Merck & Co., Inc., AbbVie, GlaxoSmithKline plc

Growing speculations by government bodies in Indian and Omani pharmaceutical companies are invoked to drive the development of the market over the period of time. For example, in January 2021, the central government of India announced that India would send three mass drug parks (production units) to India to reduce India’s dependence on China for natural substances used in pharmaceutical companies. The drug parks will be set up for INR 14,300 crore (US$192.55 million) and the welfare service, India has also declared the launch of four additional units of mass drug parks (units of manufacturing) in India by 2025. While in 2014, the government of Oman set up a long-term program for the field of local medical care, Health Vision 2050, which aimed to create a system of well -be effective, efficient and responsive within the country.

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India & Oman Pharmaceutical Industry Market – Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic has impacted different businesses around the world. Players working in the pharmaceutical industry market in India and Oman are facing significant provocations on different fronts due to the COVID-19 pandemic. Inventory network and assembly exercises in India and Oman were disrupted due to lockdown across the country; while Indian states like Maharashtra, Gujarat, Rajasthan and others are facing problems in transporting pharmaceutical items due to split lockdowns and end of road transport in India. The government of various countries including Oman has been helping India in the battle against COVID-19 by donating different important clinical assistance items. For example, in May 2021, the government of Oman sent exceptional clinical aid for India’s battle against COVID-19 and the one-time clinical aid included clinical supplies of ventilators, SPO2 screens and medicines offered by the Sultanate of Oman. Government campaign of India and Oman governments are organizing the vaccination campaigns to reduce the spread of COVID-19 diseases in India and Oman.

The essential players working in the market are focusing on increasing Indian Pharmaceutical Industry item shipments to drive the development of India Pharmaceutical Industry Market over the conjecture period. For example, in February 2021, Natco Pharma, an India-based pharmaceutical organization, reported the launch of Brivaracetam for the treatment of epilepsy in India.

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Key Points of the Pharmaceutical Industry Market in India and Oman:

  • The India and Oman pharmaceutical industry market is expected to grow at a CAGR of 12.7% during the estimated period. Rising incidence of ongoing diseases e.g. diabetes is invoked to drive the development of the Oman pharmaceutical industry market over the review period. For example, as noted in the article distributed in the Journal of Diabetes Investigation in October 2020, 190,489 Omanis were living with type 2 diabetes mellitus in 2020, as most would consider it normal to increase to 570,227 in 2050. Moreover, as stated by a similar source, it is estimated that the rate of diabetes occurrence per 1000 individuals each year would increase from 8.3 in 2020 to 12.1 in 2050 in Oman.
  • Among drugs, the generic drugs section of the Pharmaceutical industry market in India and Oman is used to drive the development of the shard and is estimated to be worth US$33,924.9 million in 2021 and is expected to grow to US$104,407.7 million by 2030, growing at a CAGR of 13.3% over the course of the gauge period, attributable to the increasing number of drugs introduced by major market players. For example, in August 2020, Dr. Reddy’s Laboratories Ltd., an Indian global pharmaceutical organization, announced the launch of FXR, an identical generic therapeutic adaptation of Ocaliva (obeticholic corrosive) in India, which is demonstrated for the treatment of primary biliary cholangitis. (PBC), mixed with Ursodeoxycholic Acid (UDCA) or as monotherapy in adults.
  • Among the types, the fragment of prescription drugs in the pharmaceutical industry market in India and Oman is valued to observe a CAGR of 13% over the gauge period. The increasing development of the central limbs is counted on to boost the development of the prescription drug fragment. For example, in June 2018, Taiba Healthcare Group, a medical care marketing, distribution and retail pharmacy group in Oman, announced the establishment of a new assembly unit, “MENAGENE PHARMACEUTICAL INDUSTRIES” for the creation and manufacture of imaginative specialty items in the Middle East. /North Africa locale.
  • Key players working in India and Oman Pharmaceutical industry market incorporate Unichem Laboratories, Strides Pharma Science Limited, Biocon Limited, Serum Institute, Sun Pharmaceutical Industries Limited, Lupine Ltd., Dr. Reddy’s Laboratories Ltd., Cipla Ltd., Aurobindo Pharma Ltd., Zydus Cadila, Eli Lilly and Company, GlaxoSmithKline plc, AbbVie, Merck & Co., Inc., Novartis International AG, Bayer AG, F. Hoffmann-La Roche AG, Sanofi SA, Bristol Myers Squibb and Pfizer, Inc.

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Chapter 1 Industry overview
1.1 Definition
1.2 Assumptions
1.3 Scope of research
1.4 Market Analysis by Regions
1.5 India & Oman Pharmaceutical Industry Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Impact on Pharmaceutical Industry in India and Oman

Chapter 2 Pharmaceutical Industry Competition in India & Oman by Types, Applications, and Top Regions & Countries
2.1 India & Oman Pharmaceutical Industry (Volume and Value) by Type
2.3 India and Oman Pharmaceutical Industry (Volume and Value) by Regions

chapter 3 Generation market analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 India & Oman Pharmaceutical Industry Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 Company profiles and key figures in the pharmaceutical industry in India and Oman
Chapter 6 India & Oman Pharmaceutical Industry Market Forecast (2022-2028)
Chapter 7 conclusion
Research Methodology

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