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India pharmaceuticals market: $17 billion industry in 2013

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India Pharmaceuticals and Healthcare Report Q3 2013 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-24 09:23:02
Despite slowing growth in the Indian pharmaceutical market in the first four months of 2013, top domestic firms continued to see strong double-digit growth in the latest quarter, outperforming multinational pharmaceutical firms. We maintain that the Indian government´s cost concerns will continue to hinder revenue growth for multinational pharmaceutical firms, benefiting the domestic industry. In foreign markets, Indian pharmaceutical firms will have to be more vigilant with manufacturing practices or risk suffering losses due to drug recalls.

Headline Expenditure Projections

Pharmaceuticals: INR840bn (US$15.7bn) in 2012 to INR926.1bn (US$17.0bn) in 2013; +10.3% in local currency terms and +8.3% in US dollar terms. Forecast slightly downgraded from Q213 due to slower growth in the first four months of 2013.

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