Infused with High Growth Prospects
India is a country with a large population. It is the second most populated nation of the world. With such a large population to handle, healthcare becomes a major concern area for the authorities to take care about.
The Indian Pharmaceutical Industry accounts for 10 per cent of the global pharmaceuticals in terms of volumes and is expected to grow at a steady rate of 14.5 per cent annually to reach to a level of USD 55 billion by 2020.
By 2020, India is likely to be among the top three pharmaceutical markets by incremental growth and sixth largest market globaly in absolute size. Out of revenue share of Indian pharmaceutical industry, generic drugs, OTC medicines and patented drugs account for 72%, 19% and 9% respectively.
With the increased demand of medicine and pharmaceutical products in the country owing to growing population and healthcare demands, there is a need for comprehensive solution provider of pharmaceutical products.