At present, the Indian pharmaceuticals industry is third largest in volume and the tenth largest in value, globally and is expected to rise to the size of sixth largest in absolute size by 2020. It is also one of the main 25 sectors acknowledged by the Government of India under the ambitious ‘Make in India’ initiative. Talking about some more facts, Indian pharmaceuticals market increased at a CAGR of 17.46 per cent in 2015 from US$ 6 billion in 2005 and is expected to expand at a CAGR of 15.92 per cent to US$ 55 billion by 2020.
But needless to say, the sector has its own countless challenges, few of the major being, regulatory demands, market dynamics, and dramatic customer behavior. We help our clients navigate through these complexities by adapting to changes, staying relevant, and delivering better value to patients through our diverse and deep experience in every client engagement.
April 17, 2018