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The Pharmaceutical Industry is basically involved in developing, producing and supplying licensed drugs for medical applications. A variety of rules and regulations are levied upon the pharmaceutical companies in matters relating to patents, tests and marketing of drugs and drugs supplies.
US contributed almost half of the global pharmaceutical market crossing $ 289 billion annually followed by other pioneer countries like Japan and Europe where as China, Russia, South Korea and Mexico are emerging markets in pharmaceutical sector.
Ever since the Patent Act, 1970 which permitted India to proceed ahead and contribute in the pharmaceutical market worldwide, India is playing significant role and has become world leader in fabrication of standard generic drugs. India accounts to be less costly for undertaking of research, development and production of drugs compared to other nations hence, has become most preferred nation for pharmaceutical generation. And to some extent, pharmaceutical companies in India have been successful in utilizing the favorable environment offered by the nation.
Top leading pharmaceutical companies in India is comprised of both Indian and Multinational companies. A pharmaceutical company is assessed of following points mentioned below:
- Pharma Marketed products
- Total market share in Indian Pharmaceutical market
- Key partnerships organized by these companies
- Analyzing their strengths and weakness
- Lacking areas
- Growth strategies and major acquisitions
According to statistics, the Indian pharmaceutical market was valued at $ 7,743 million in the year 2008 with an increase of about 4 per cent over the previous year with estimated CAGR of about 13.2 per cent during 2009-14 to reach a total value of $ 15,490 million by the year 2014. Indian Pharmaceutical companies are growing day by day due to the wide range of high quality pharmaceuticals machineries and technological equipments with enhanced technology.
Top ten pharmaceutical companies in India are: Ranbaxy Laboratories, Dr. Reddy's Laboratories, Cipla, Sun Pharmaceuticals, Lupin Labs: Aurobindo Pharma, GlaxoSmithKlineg, Cadila Healthcare, Aventis Pharma and Ipca Laboratories.
Browse for an extensive list of the top leading pharmaceutical machineries manufacturers, exporters and suppliers of various kinds of pharmaceutical machineries on made-from-india.com.
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