Trends and Opportunities in the Indian Pharmaceutical Sector

Indian pharmaceuticals industry is globally respected and is one of the most successful industries in India. It has contributed immensely to India’s healthcare outcomes and the economy. World‐class capabilities and favorable market conditions over the last many years have ensured that India continues to be one of the most lucrative pharma markets in the world. In the coming years, the scope for PCD Pharma Franchise business is expected to be more. The business requires less investment which means the risk is low and the return is good.

Apikos Pharma is a competent Pharmaceutical Institution that has been contributing to the Economy of India for years now. Therefore, our motto is to alert people as to the opportunities that the world of Pharmaceuticals presents. Thus, let’s get into all the scope that you can look forward to while entering the department of all things Pharmaceutical.

Growth of the Pharmaceutical Industry in India

India is among the leading global producers of cost-effective generic medicines and vaccines, supplying 20 percent of the total global demand by volume. The country has an established domestic pharmaceutical industry, with a strong network of 3000 drug companies and about 10,500 manufacturing units.

· In 2017-18, India exported pharma products worth US$ 17.27 billion. By 2020, the industry estimates the exports to grow by 30 percent to reach US$ 20 billion.

· A US$33 billion opportunity, the pharmaceutical industry in India presents considerable potential for collaborative and outsourced R&D in drug development, biotechnology, chemicals, and manufacturing of medicinal products.

· India is the largest provider of generic drugs globally with the Indian Generics accounting for 20 percent of global exports in terms of Volume. The Indian Pharma Industry is expected to grow by over 15 percent in 2020.

What are the reasons behind the growth of the Pharma Industry?

Since the Pharmaceutical Industry is driven largely by profits and competition each company striving to be the first to find cures for specific diseases. It is anticipated that the industry will continue to change and evolve. The following are the facts for the growth of the Pharmaceutical Industry:

· Growth in healthcare financing products

· Demand in the generics market

· Rise in the outsourcing activities

· Demand for emerging segments

Opportunities provided by the Pharma Industry to its Franchisors

The Pharmaceutical Sector is a vast platform of opportunities. With more awareness, the global demand for medicines is finally being met, and hence, there are a lot of opportunities in this sector. 

• It provides jobs to all the people who are seeking for a platform in the medical sector.
• Moreover, the company provides monopoly rights to its partners with which they can work smoothly. The company maintains complete business transparency in dealing.
• Nevertheless, the Company also provides promotional and marketing inputs to its business partners Like Visual aids, visiting cards, catch cover, gifts, brochures, etc.

Conclusion

The pharmaceutical industry is booming. With the increased awareness of general masses, the demand for quality medicines has increased. It allows pharmaceutical companies to expand their business through the franchise. Hence, there are a lot of jobs in the areas of production and distribution along with supplying medicines in the country at the moment. If you are aspiring to start a PCD franchise, we recommend you should do it now. If you do, choose us, we are the best service provider in the market. Lastly, on behalf of the leading Pharma Franchise Company, Apikos Pharma, we wish you luck for your future business ventures.