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1. Industry – At Present
Globally, the output of Indian pharmaceutical industry ranks 4th in terms of volume and 13th in terms of value. In FY02, the domestic Indian pharma market was valued at $4.5bn, representing 1.6% of the global market, and is growing at an annual rate of 8 to 9%. The industry produces about 60,000 finished medicines and roughly 400 bulk drugs, which are used in formulations. We would like to emphasize that in this note we cover a sector, which largely consists of allopathic prescription drugs and formulations. Thus we exclude from our analysis traditional systems of medicine, as also the growing sector of over the counter medications.




At the end of FY01, the Indian pharmaceutical industry had over 23,000 units, although this number cannot be authenticated. Around 260 players constituted the organized sector while 6,000-8,000 players existed in the small-scale sector. The industry is highly fragmented, with the largest formulation players having a......

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Approximate Pages: 3 (250 words per double-spaced page)

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