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
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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