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•Industry growth is propelled buy xanax online xanax primarily by exports, expanding 18.7% CAGR to US$ 9 billion in 2009-10 (2005-2010). During the same period, the domestic market grew at 13.5% CAGR to US$ 13.8 billion. •Indian drug makers exported their products to 220 countries, with the majority of shipped products being formulations (56%), while bulk drugs accounted for just over 40%. •The Indian drug retail market surpassed US$ 10.42 billion (Rs 46,500 crore) till November 2010, compared with the last corresponding period (Source: IMS Health Information and Consulting Services).
•The Indian pharmaceutical market growth continues to be driven by formulations for chronic therapies; acute therapies com new tramadol tramadol are expected to be largely driven by Tier-III cities and rural penetration. India Brazil The US China The UK South Africa Japan Germany Per capita expenditure on health (US$) 43 722 7,536 142 3,942 464 3,102 4,628 Source: WHO (in 2008) Demand drivers •India's low per capita expenditure on health is expected to correct to the global average, owing to steady economic growth, increasing disposable incomes and growing health awareness •Per capita income in rural areas is expected to increase from Rs 19,000 at present to Rs 24,000 by 2015, resulting in increased pharma spending •Semi-urban and rural markets are expected to be the key growth drivers. According to McKinsey, these markets will add 46 million households with high and medium affordability levels •Indian drug prices increased by only 1-2% annually over the last decade according to the IMS; per capita income of the average Indian buy generic xanax now accelerated 16.7% between 2006-07 and 2010-11, making healthcare more affordable •Indian government spending on healthcare increased 20% CAGR over the last four years (US$ 6.7 billion in 2005-06 to US$ 11.7 billion in 2008-09). The Government of India plans to cover 45% of India's population by 2020 •The government plans to establish a Rs 20 billion venture capital fund to promote drug discovery and strengthen infrastructure in the pharma sector to boost local innovation. Estimates •Socio-economic factors such as rising income levels, increasing affordability, gradual penetration of health insurance and rise in chronic diseases will see the Indian formulation market touch US$ 13.7 billion by 2013 based on a 12.2% CAGR. (Source: The Financial Express) •There are immense opportunities for Indian generic firms buy xanax online xanax in the US, Europe, Japan and Australia, owing to 50% lower production costs than in western nations - Indian R&D costs 1/8th and clinical trials cost 1/10th of western counterparts. Moreover, branded drugs going off-patent in the near future are likely hydrocodone m357 to create a huge market for generic drugs in the US. Similarly, a buy xanax online xanax number of regions are looking towards India as a supplier of quality generics •India emerged as a prominent global supplier of high quality generic drugs, with the potential to cater to 10% of the total market by 2015. Indian CRAMS market Global CRAMS market 25 . 18 21 m 15 29 33 37 42 2007 2008 Source: ICRA report (June 2011) 2009 2010 80 70 60 50 40 d 30 J 20 m 10 ton S? 0 H Contract manufacturing 1 5 1 0 9 ___ 0.6 2.3 0.3 11 1 6 0.8 2007 2008 Drug discovery and research • India is expected to rank among the top 10 global pharmaceutical markets by 2015 (Source: The Financial Express).
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