Future of Pharmaceutical industry in India
Pharmaceutical industries play a significant role in the discovery, development, production and distribution of the medicated drugs throughout the world. Taking the global pharmacy market in concern, Indian pharmaceutical industries are the largest suppliers of the generic medicines that make it unique. The local dealers dominate the market by having the capability of formulations development and investments at the early stage and the cost price of the medications in India is very low compared to other competitors. Indian pharmaceutical sector supplies medicines upto 70 to 80 per cent of the retail market demand and more than 50% of global demand for various vaccines. The industry also has global reach and is a net foreign exchange earner of more than $10 billion annually. In the global market, India ranks tenth in terms of value and third in volumes. In our country, the big and established pharma companies take help from Third Party Pharmaceutical Manufacturer in India, 3rd Par...