Investment Opportunities in India

April 19, 2012

Pharmaceutical Industry in India – A Key Player in Outsourced Medical Research

The pharmaceutical industry in India has become a powerful and self reliant industry during the last decade. This industry has been growing even when the other industries have shown declination in their business. By 1980s, India had become the leading producer of drugs devoid of patent protection. The Indian Pharmaceuticals had moved on to making drugs for cancer and AIDS. From 1990 onwards, this industry had acquired a modified role of utilizing a direct to consumer way of advertising and producing SSRIs such as Prozac. With the high revenue from many drugs which were a runaway success, this industry expanded from the 1990s to the 2000.

The state health care industries in India
The Indian healthcare industry is considered to be one of the most profitable markets and is on the way to expand further according to the latest reports. India is more competitive because of the low cost and the sophisticated treatments offered at hospitals. There are many key trends which are boosting the healthcare sector in India. Medical city is one of the latest concepts offering great opportunities. Similarly, there are great prospects for day care surgery. The latest infrastructure is known to maintain around 60% of surgeries if done on a day care method.

The pharmaceutical industry in India is one of the countries which are all set to receive the highest R&D dollars, ahead of countries like Russia, China, Israel, Philippines, Canada and Ireland. India has the advantage of having sophisticated infrastructure and the highest English speaking clinical community with graduates who are trained in the west. The affordable operations, remarkable quality management and technology have made it one of the most sought after countries.

Standing in the world
The Pharmaceutical industry in India is the third largest in the world today in volume and ranks 14th in terms of value. The sales of every kind of drugs in the country are all set to reach US$ 19.22 billion in the year 2012. The exports of pharmaceutical items from India have also increased and have joined the league of the top 10 pharmaceutical companies in the global market currently. The Indian pharmaceutical companies have made a mark in both the world market and the Indian market with their skills in reverse processing and manufacturing low cost medicines.

The Healthcare industry in India is controlled mostly by major foreign companies, though there are many purely Indian pharmaceutical companies too. The foreign companies have subsidiaries in this country, mainly because of the availability of cheap labor. However, the 1970 Patent Act permits multinationals only 35% of representation in the market, which has decreased by 70% than what it was thirty years before. The domestic pharmaceuticals companies in India is a blend of private and public enterprise, like all the other businesses in this country. In the global market, India currently has a modest share of 1.2%; however, it has been growing around 10% yearly. Indian has managed to grip the global market with its new engineered generic medicines and active pharmaceutical elements.

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January 19, 2012

Indian Healthcare Industry – Taking Giant Strides in Healthcare

It has been clearly predicted that the Indian healthcare industry is going to transform into a chief sector that will boost the economic growth and contribute to economic progress of the country, along with the IT and Education industries. The healthcare industry in India is poised to reach about US$70 billion by 2012. The rapid growth is paced at 12% per year in the last four years and is expected to become an industry of US$ 280 billion by the year 2020. This is mainly due to the rise in income levels, elderly population, growing population, medical tourism, government initiative and lifestyle diseases in the country. Some of the chief players, who have made a big contribution to this boom, include Apollo Hospitals Enterprises, Max Hospitals, Fortis Healthcare Ltd and Aravind Eye Hospitals.

The pharmaceutical industry in India is known comprises of 8% of the world’s pharmaceutical manufacture. The pharmaceutical market is estimated to grow up to US$ 55 billion by the year 2020. Since the last two years, Indian pharmaceutical companies have been aiming at multinationals, to pool resources as well as for acquisition. India is poised to join the league of the 10 top global pharmaceutical markets, in sales by 2020. India is also the topmost exporter of generic medicine, worth around US$ 11 billion. Some of the top pharmaceutical industries in India include Ranbaxy Laboratories Ltd, Cipla Ltd, Cadila Healthcare Ltd, Lupin Ltd, Sun Pharmaceutical Industries Ltd, Wockhardt Ltd, Glaxosmithkline Pharmaceuticals Ltd, Aurobindo Pharma Ltd and Dr. Reddy’s Laboratories.

Indian healthcare industry is also profiting from medical tourism, which is growing at a fast pace. Tourists come to India to attain quality healthcare at an inexpensive cost. So far, 13 hospitals in India has been accredited by the Joint Commission International. So, reduced cost, easy communication, since most Indians speak English and international standard, has make India the prime destination for healthcare. According to the studies conducted, around 450, 000 foreigners have come to India for healthcare last year. The Indian healthcare industry is working hard to meet the growing demand, by striving to match the international medical healthcare system.

To tap into the growing market of the Indian healthcare industry, an International trade exhibition along with conference was held at Pragati Maidan in New Delhi on March, 2011. There were around 300 famous manufacturers of medical and technological equipment from 10 countries. Each country showcased their latest and innovative equipments. The aim of this exhibition was to offer Indian industrialists the chance to create mutually beneficial partnership between the global and Indian businessmen. This exhibition was a platform for medical fraternity and businessmen to invest and compare the advance in medical equipment.

The Indian Government is onto state funded healthcare insurance schemes to support the poorest section of the society, while the corporate section is providing quality care to the demanding general public. Hence, through development and delivery of affordable, basic healthcare, the Indian healthcare industry, is all set to enhance the infrastructure and healthcare throughout the country.

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