Indian Pharma Sector – Post-Covid Emergence on the Global Landscape
India has a rapidly growing pharmaceutical market that, being the third largest pharmaceutical industry in the world by volume, holds a prominent place in global health.
Over the last decade, the Indian pharmaceutical market has seen increasing domestic and foreign investment and also an increase in Pharma deals has been observed in India driven by continued growth in exports, internal market expansion, as well as the current demand for covid vaccines during the pandemic. We have observed that in the midst of the pandemic and a changed world, the pharmaceutical industry across the world has responded with agility.
According to the EY report, the Indian pharma industry has grown at a compounded growth rate of (CAGR) of ~11% in the domestic market and ~16% in exports over the last two decades. While the domestic market has grown at a similar pace to the gross domestic product (GDP), the overall growth has been driven by the industry’s leadership in supplying generic formulations to markets across the globe.
In the 2020-2030 period, we expect Indian pharma industry to grow at a compounded annual growth rate (CAGR) of ~12% to reach at US$130 bn by 2030 from US$41.7 bn in 2020. Though the pharmaceutical industry has grown at a CAGR of approx. 13% over the two decades, in the last decade, the CAGR has been ~ 8.5% and it has currently been ~6.2% over the past five years.
As estimated that the Indian pharma industry supplies over 40% of the generics in the biggest pharma market – the US and about 25% of the prescription drugs in the UK, along with catering to over 60% of the global vaccine demand, India is one of the leading suppliers of pharmaceuticals in the world.
This will be an ideal platform for those who deal with this sector to promote their products and services. Various sponsorship options are available, each having specific promotional privileges. For more details ask for sponsorship matrix.
To attend the conference, send the Delegate Registration Form, duly filled in, along-with Registration Fees.
Conference Souvenir will be distributed during the conference. And hence, this will be a unique opportunity to promote products and services by releasing advertisement in this souvenir. Various advertisement options are available in advertisement booking form.
"PHARMA Confex 2020” with the theme, "Opportunities and Challenges for Indian Pharmaceutical Industry: Pre and Post Covid Era” was organised on December 5th, 2020 at J.B Auditorium, Ahmedabad Management Association, Ahmedabad.
The conference was inaugurated by Dr. H. G. Koshia, Commissioner - Licensing Authority (Drug) & Commissioner of Food Safety, Office of the Commissioner, Gandhinagar. Dr. Jaimin Vasa, Chairman, Vasa Pharmachem Pvt Ltd, Ahmedabad and Shri Jayant Kumar, Deputy Drugs Controller (India), Zonal Office, Ahmedabad, CDSO, Ahmedabad were the guest of honour. Inaugural session was followed by 2 technical sessions. The conference was attended by around 300 delegates consisting of industry, Policy Makers, Regulators, Bulk Drug & Formulation Manufacturers, Biopharmaceutical Companies, Pharma Exporters, R & D Professionals, CMOs and CROs, Health Policy Experts, Pharma / Medical Equipment Makers and Suppliers, Healthcare Consultants, Strategic and Financial Adviser, Bankers /Venture Capitalists, Consultants, Certification Agencies, Academicians /Researcher / Institutions Heads, etc.
The deliberations during the day were gone a long way in creating awareness. With the encouraging response from industry and professionals, the maiden event was a grand success.
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