Indian pharmaceutical sector- Current scenario

2^nd International Conference and Exhibition on Pharmaceutical Regulatory Affairs

November 23-24, 2012 Hyderabad International Convention Centre, India

Hitesh Badgujar

Posters: Pharmaceut Reg Affairs

Abstract :

In the past few years, Indian Pharmaceutical industry has grown by leaps and bounds. Several factors have acted as a driving force for this ? a) rising household income levels, b) increasing prevalence of lifestyle related diseases, c) improving healthcare infrastructure/delivery systems. Not only MNC?s but also the domestic market has emerged enormously making India a lucrative destination of clinical trials for global giants. Indian pharmaceutical market grew at 15.7% during December 2011. The quality of the filings by major Indian companies has also significantly improved over the years. The Pharmaceutical industries are growing at a fast pace registering an annual growth of 8-9%. Considering the advantages like globalisation, information & technology, competent workforce, legal & financial framework that India has, the International Pharmaceutical Industry is finding greater opportunities in India. This paper presents a review on Pharmaceutical market in India with respect to its current status, generic market, government initiatives, challenges and its future perspectives.

Biography :

Ms. Hitesh Badgujar is pursuing his Masters in Drug Delivery systems at Institute of Chemical Technology, Mumbai.