Phrama Franchise Opportunity in growing heltcareindustry

Information related to the growth of pharmaceutical companies in India primarily glitters on the fact that the market increased at compound annual growth rate of 17.5% in the year 2015 from US $6 billion dollars in 2005. The compound annual growth rate of pharma companies in India is expected to expand towards US $55 billion by the year 2020.

By 2020, India is expected to be one of the top three pharmaceutical markets with incremental growth. India is also considered to be one of the sixth largest global markets. The cost of production in Indian pharmaceutical sector is found to be lower than that of the United States and most other places in Europe. The production cost offers an edge for India in competing with others.

Indian pharmaceutical companies are seen manufacturing generic drugs that form the largest part of the pharma market sector. Generic drugs were given about 70% of market share. India is exporting about 20 percent of generic drug market and is seen as the largest provider of generic medicines in the global level. Indian pharma market contributes over-the-counter medicines and patented drugs as 21% and 9% in the US total market revenue of about $20 billion.

Some of the Top Indian Pharma companies

New chemical entities and new biological entities are best discovered in Glenmark pharma that was introduced in 1977. It has attained its specific and unique place in the branded generic market across several other countries.

Biocon is another biotechnology company concentrating on delivering drugs that are affordable. Biocon is keenly working on providing drugs that decrease the therapy costs of some of the dreadful diseases like cancer, diabetes and other autoimmune disease. The company works by leveraging India’s edge towards providing affordable healthcare solutions to the partners, patients and healthcare centers all over the globe.

The world’s largest vaccine manufacturing company in terms of the number of doses and global selling, Serum institute of India is engaged in producing vaccines such as polio vaccine, diphtheria, tetanus, Hib, Pertussis, BCG, measles, r-Hepatitis-B, Mumps, and rubella vaccine.

Sanofi is yet another healthcare leader, which develops healthcare solutions targeted to the needs of the patient. Sanofi is an Indian pharma company that has strength in providing solutions to diabetes, vaccines for humans, innovative drugs, emerging markets, consumer healthcare, animal health and so on.

GlaxoSmithKline is a very old Indian pharma company introduced in 1924. It is another leading research based, pharmaceutical and healthcare based company in India. Among the growing pharma companies of India, Abbot India is the largest of them. It is also known for having a strong brand in producing drugs for multiple therapeutic categories.

IPCA is another Indian pharma company that has partnership in global healthcare covering around 110 countries. It is engaged in manufacturing about 350 formulations and 80 APIs for different therapy classes.

Torrent pharma is one of the top Indian pharmaceutical companies that plays dominant role in the areas of central nervous system and cardiovascular system. It is focused on preparing drugs for diabetology, gastrointestinal, anti-infective and pain management methods. Among the privately held pharma companies in India, cadila pharmaceuticals has been functioning for the past six decades providing drugs for about 85 countries all over the world. Among the latest entrees are Innova Formulations (P) Limited,Rallis Pharmaceuticals, Rhone Pharmacie Private Limited, Rx Biotech, Rx Healthcare, Marsh & Beck and many more.