{"version":"1.0","provider_name":"DART Consulting","provider_url":"https:\/\/www.dartconsulting.co.in\/market-news","author_name":"admin","author_url":"https:\/\/www.dartconsulting.co.in\/market-news\/author\/admin\/","title":"Overview of Pharma Industry in India - DART Consulting","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"wA6xLuUFim\"><a href=\"https:\/\/www.dartconsulting.co.in\/market-news\/overview-pharma-industry-india\/\">Overview of Pharma Industry in India<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.dartconsulting.co.in\/market-news\/overview-pharma-industry-india\/embed\/#?secret=wA6xLuUFim\" width=\"600\" height=\"338\" title=\"&#8220;Overview of Pharma Industry in India&#8221; &#8212; DART Consulting\" data-secret=\"wA6xLuUFim\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n<\/script>\n","description":"India is among the leading global producer of generic medicine and vaccine, contributing to 20% of the total global demand by volume in 2018.\u00a0 The country also has a large pool of scientists and engineer who have the potential to steer the industry ahead to an even higher level.\u00a0 Over 80% of the antiretroviral drugs used globally to combat AIDS are supplied by Indian pharmaceutical companies. Data collection and Survey shows medicine spending in India is projected to grow 9-12% over the next five years, which will lead India to become one of the top 10 countries in terms of medicine spending. The pharma sector is valued to be $33 billion in the year 2017 and is expected to reach $55 billion in the year 2020 with a CAGR of 22.4%.\u00a0 The pharma export from India stood at $15.52 billion in the year 2018-19, according to the IBEF research report.\u00a0 Pharmaceutical exports include drug formulation, biologicals, bulk drugs, intermediates, Ayush &amp; herbal products and surgical.\u00a0 The country has a low cost of production, low R&amp;D costs, innovative scientific manpower, and a large number of national laboratories that have the potential to steer the industry ahead to a higher level. There are 3000 drug companies and about 10,500 manufacturing units in India.\u00a0 Out of these, 1,400 units are World Health Organization (WHO) good manufacturing practice (GMP) approved; 1,105 have Europe\u2019s certificate of suitability (CEPs); more than 950 matches therapeutic goods administration (TGA) guidelines; and 584 sites are approved by the US Food and Drug Administration (USFDA).\u00a0 Andhra Pradesh, Gujrat, Maharashtra and Goa are the major pharmaceutical cluster in the country.\u00a0 In 2017-18, the export of pharma products worth US$ 17.27 billion, by 2020, the industry estimates the exports to grow by 30 % to reach US$ 20 billion.\u00a0 Important export destination includes UK, South Africa, Russia and Nigeria. &nbsp; &nbsp; &nbsp;"}