{"id":127,"date":"2020-03-07T15:01:49","date_gmt":"2020-03-07T09:31:49","guid":{"rendered":"http:\/\/www.cironpharma.com\/blog\/?p=127"},"modified":"2023-07-29T15:08:03","modified_gmt":"2023-07-29T09:38:03","slug":"lesser-known-facts-about-indian-pharmaceutical-companies","status":"publish","type":"post","link":"https:\/\/www.cironpharma.com\/blog\/lesser-known-facts-about-indian-pharmaceutical-companies\/","title":{"rendered":"Lesser Known Facts about Indian Pharmaceutical Companies"},"content":{"rendered":"\n<p><strong>Introduction:<\/strong><\/p>\n\n\n\n<p>Being the largest producer of generic\ndrugs in the global market, India holds an important position in the world\nmarket. The country consists of a large number of scientists and engineers.\nThey have the potential to take the pharmaceutical industry ahead to new\nheights of success. The potential of <strong>Indian\npharmaceutical companies<\/strong> is more than any other market in the entire world. It is the supplier of over 80 percent of antiretroviral\ndrugs used globally to fight AIDS (Acquired Immune Deficiency Syndrome). If the\ngrowth of our pharma industry continues to go on with the same rate, then we\nwill be able to bring more income to our country. <\/p>\n\n\n\n<p><strong>Highlights\nof Indian Pharmaceutical Industry: <\/strong><\/p>\n\n\n\n<ul><li>India is known to be registering its\npresence prominently in the global pharmaceutical market. It has been rapidly growing in the last few years.<\/li><li>It has become the largest producer\nand supplier of generic medicines globally. It holds a\nshare of 20% of the total global supply by volume. <\/li><li>India is also known for fulfilling\naround 50% of global demand for vaccines. <\/li><li>India holds third rank worldwide for\nthe production of pharmaceuticals by volume and 13th by its value. It accounts\nfor almost 10% of the world&#8217;s total\nproduction of medicines by volume and 1.5% by value.<\/li><li>India consists of around 60,000\ngeneric brands belonging to 60 therapeutic categories. The <a href=\"https:\/\/www.cironpharma.com\/manufacturing.asp\"><strong>Medicine Manufacturing\nCompanies in India<\/strong><\/a><strong> <\/strong>produces\nmore than 500 different Active Pharmaceutical Ingredients (APIs).<\/li><li>There are around 3,000 <strong>pharma companies in India<\/strong>. These\ncompanies own 10,500 manufacturing facilities for making <a href=\"https:\/\/www.cironpharma.com\/products.asp\"><strong>Pharmaceutical Products\nin India<\/strong><\/a>. <\/li><li>The domestic pharmaceuticals market\nturnover was worth US$ 18.12 billion in 2018. This shows a remarkable growth of\n9.4% from 2017 in this industry.<\/li><li>In the coming years, this industry\naims to work better and achieve even more. <\/li><\/ul>\n\n\n\n<p>The combined efforts of government and <strong>pharmaceutical\ncompanies in India<\/strong> have brought new achievements for the industry. Here are\nsome of the achievements of Indian pharmaceutical industry so far: <\/p>\n\n\n\n<ul><li><strong>Facilitator\nof quality and affordable medicines:<\/strong> It has been the goal of <a href=\"https:\/\/www.cironpharma.com\/profile.asp\"><strong>Pharma Companies\nin Mumbai<\/strong><\/a><strong> <\/strong>and\nall over India to provide drugs that are of high quality and which could be\neasily afforded by the patients. Various measures have been taken to reduce the\ncost of the medicines. <\/li><li><strong>A\nworld leader <\/strong><strong>in the Pharma industry:<\/strong> It is a well known fact that\nIndia has emerged as the world leader in the production of pharmaceuticals.\nBeing the largest supplier of generic medicines and vaccines, India rightfully\nacquires that place globally. <\/li><li><strong>A\nglobal drug supplier: <\/strong>India has managed to make a place in the US medicine market and developed trade with other\ncountries too. The country has surely become the world\u2019s largest supplier of\ndrugs when it comes to volume.<\/li><li><strong>Pacing\nthe economic growth rate: <\/strong>The current value of Indian\npharmaceutical industry is $11 billion. We hope that the pharmaceutical\nindustry in India will be able to grow. It can also increase the income share\nand boost the economy of our country. <\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: Being the largest producer of generic drugs in the global market, India holds an important position in the world market. The country consists of a large number of scientists and engineers. They have the potential to take the pharmaceutical industry ahead to new heights of success. The potential of Indian pharmaceutical companies is more<\/p>\n","protected":false},"author":1,"featured_media":128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[40,39,25],"_links":{"self":[{"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/posts\/127"}],"collection":[{"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/comments?post=127"}],"version-history":[{"count":1,"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/posts\/127\/revisions"}],"predecessor-version":[{"id":129,"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/posts\/127\/revisions\/129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/media\/128"}],"wp:attachment":[{"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/media?parent=127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/categories?post=127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cironpharma.com\/blog\/wp-json\/wp\/v2\/tags?post=127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}