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THE PHARMA REVIEW (NOVEMBER - DECEMBER 2010)

Indian Bulk Drug Industry to Grow to US$ 17 Billion by 2014

Cygnus

Global Market Overview
Global Pharmaceutical industry during 2009 was US$825 billion and is expected to grow to US$1.1 trillion by 2014. Global bulk drug industry in 2009 was estimated to be US$102.35 billion and is expected to grow to US$ 139.2 billion by 2014, at a CAGR of 10.6%.
Globally, as the generic drugs gain market-share over the branded prescription drugs due to cost containment measures and a large number of drugs going off patent, the demand for bulk drugs, also known as Active Pharma Ingredients (API), has been going up.
China was the largest Bulk Drug producing country in the world in 2009, followed by Italy and India, which increased its global share from 3.5% to 6.5% in the last 5 years. Mr. O.R.S.Rao.

 

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