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THE PHARMA REVIEW (AUGUST 2008)

Building Bridges Between the Regulators and the Pharmaceutical Industry

Dr. Subhash C. Mandal

Global Pharma Market
Pharma Industry is growing at a fast pace throughout the globe. The market is growing at a rate of 6.5 % globally, whereas it is growing at a rate of 17.5% in India. The rate is varying from –0.7 % in Japan to 17.5% in India as depicted in Table-I below.

Indian Pharma Scenario
In 2006 Indian pharma market was 7.3 billion US$ and it has been projected that it will reach to 25 billion US$ by 2010. Indian pharma market is 4th large by volume and 13th largest by value in the world. It is contributing about 8 % of global production. The growth rate was 17.5 % in the year of 2006, which is quite high.

The Indian companies are doing well in case of filing active DMF in US FDA, which can be visualized from the Fig. 1.

Pharmaceutical Industries in India is also developing in terms of technology and got recognition by several international agencies like-USFDA, TGA, MCA etc. (Fig. 2). We are having highest number of FDA compliant units out side USA and the US FDA compliant units in our country are about 75 (Fig. 3).

 

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