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THE PHARMA REVIEW (AUGUST 2008)

Challenges and Career Opportunities in Pharmacy Profession

Dr. Mahesh D. Burande

Since independence Indian Pharma profession has grown tremendously and has become selfsufficient industry known for producing Quality Medicine at economic price worldwide. There are 26,000 pharmaceutical companies in India and out of them 300 are organized sector. Domestic sale of Medicine is Rs. 42,000 crores and will reach to Rs.1,00,000 crores around 2012. First 50 companies produce 75% of total sales.

Export of Drugs and Medicine is around Rs. 15000 crores and around 2012 it will go to 50,000 crores. 70% of Export is bulk drug (active ingredients) and companies like orchid (Chennai based) and Dr. Reddy’s Laboratories (Hyderabad based) are the leading giants in this category. There are 85 therapeutic segments and 80,000 brands (Ex. Crocin is a brand which contains Paracetamol). Therapeutic segment means drugs useful in specific category for ex. Diabetes, Cancer etc. Due to product patent acceptance and implementation from Jan 2005 many Indian pharmaceutical companies like Ranbaxy, Dr. Reddys Laboratories, Lupin Ltd, Sun Pharma, Glenmark, Wockhardt, Zydus Cadila, Torrent, started investment in tune of 10% of sales in Research and Development. R and D investment will reach to Rs.40,000 crores around 2012.

Today 40 % of the world’s bulk drugs requirement is met by India. 15% Scientists working in drug discovery laboratories in USA are Indians. Clinical Research Industry will be around Rs. 40,000 crores around 2012, opening many job opportunities. India is emerging as a global source of vaccines (SERUM, BIOCON, SHANTA, BHARAT). Biotech product market will be around Rs. 23,000 crores in 2010. Herbal Drugs Market around 2012 will be around Rs. 6,000 crores. Companies like Dabur, Zandu, Himalaya, Sami Chemicals are leading exporters. Global players are looking at India for tremendous outsourcing opportunities and various other activities.

 

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