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THE PHARMA REVIEW (JANUARY - FEBRUARY 2012)

Global Pharmaceutical Trade and Contribution of India

Rau. B. S1 and Dr. Appaji P. V2

Abstract: Medication adherence is a leading issue and a huge burden in our current healthcare system. In fact a growing needs for more research in this area, to help in designing disease-management programs that specifically aim at the educational interventions of the elderly patients who are most likely to be noncompliant. There by improved adherence should, in turn, lead to improved health outcomes. In this article, we rendered a simplistic overview of methodologically proven tools and indicators of medication adherence enhancing strategies so that the research can be translated and applied to patient care settings.

 
Introduction: Indian pharmaceutical industry has proved in the production of globally accepted quality pharmaceutical products and among the total drug master files at USFDA, India stands first with 2658 filings. The number of Indian companies registered as drug manufacturers with facilities that are approved at USFDA are 475 and 306 including sister concerns respectively (includes all the foreign company establishments in India). In addition to this, India stands first globally in export of drugs, pharmaceuticals and fine chemicals by volume in formulations. The current article is to bring out global pharmaceutical trade statistics and the contribution of India.

 
Global Pharmaceutical Market
The global pharmaceutical market for the year 2010 is US $ 875 bn (audited and un-audited) with a growth of 4.1 % over the previous year. In 2003, a maximum growth of 9.1 % over the previous year was recorded. Table 1 clearly indicates the down trend in the global pharmaceutical market value with respect to previous year which might be a reason of periodic expiry of various process and product patents. However, the overall market has boosted up to 65 % with respect to 2003 in terms of value.

 

 

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