Introduction:
Ranbaxy is world's second largest manufacturer of cefaclon (world's largest selling anti-biotic)
Lupin is world's largest producer of ethambutol, an anti-TB drug.
Dr. Reddy's Lab is second largest producer of ranitidine, an anti-ulcerant.
MNC's market share in India has fallen from 71% in 1971 to 35% now.
Above facts only underline the fact that the Indian Pharmaceutical Industry has arrived and with a BANG!
India ranks 5th in volume terms and 14th in value terms in drug producing countries. CAGR of Indian Pharmaceutical industry is 15.8%.
Overview:
Currently, this industry has 20,053 units with total production at Rs. 197.37 bn. Products of the pharma industry can be classified in to bulk drugs and formulations having 19.1% and 80.9% share of the market respectively. This sector is both organised and unorganised, organised sector accounting for 70% of total sales.
