Domestic Pharmaceutical Market  A Huge Expansion of Market by 2023
                     Domestic Pharmaceutical Market: A Huge 
Expansion of Market by 2023
Domestic Pharmaceutical Market: A Huge 
Expansion of Market by 2023
• India's domestic pharmaceutical industry is the foundation of its healthcare system. 
This industry includes essential functions like clinical research, manufacturing, and 
focused vaccine development.
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• With India ranking 3rd in pharmaceutical manufacturing by volume and 14th by value, 
it is evident that the country's pharmaceutical market is on a steady growth trajectory. 
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• The importance of the Indian pharmaceutical sector becomes even more apparent 
when considering its substantial contributions to global vaccine production, accounting 
for a 60% share. Not only that, but the industry plays a vital role in meeting 40% to 70% 
of the World Health Organisation's demand for many essential vaccines.
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• You must be wondering how India is doing so well in the pharmaceutical industry. Read 
this article to know what factors are driving this expansion and what the future holds 
for this industry.
Factors Driving the Expansion of the Domestic 
Pharmaceutical Market
• 1. Favorable Government Policies
• The Indian government recognizes the importance of a medicine manufacturing 
company. It has introduced a range of initiatives to support its development. For example, 
tax benefits like exemptions or lower tax rates.
• 2. Increasing Chronic Disease Burden
• Chronic diseases like diabetes and heart problems are increasing in India. This has created 
a higher demand for medicines and healthcare services to treat these conditions. 
• This has made pharmaceutical manufacturing companies create a wider variety of drugs 
and therapies. They are developing specialized medications and new treatment options. 
• 3. Growing Healthcare Infrastructure
• The establishment of new hospitals and pharmacies across the country has brought 
medical care closer to people, especially in previously deficient areas. 
• 4. Rising Medical Tourism
• India has become a famous destination for medical tourism. It is attracting many 
international patients seeking high-quality, affordable healthcare services. 
Factors Driving the Expansion of the Domestic 
Pharmaceutical Market
• 1. Favorable Government Policies
• The Indian government recognizes the importance of a medicine manufacturing 
company. It has introduced a range of initiatives to support its development. For example, 
tax benefits like exemptions or lower tax rates.
• 2. Increasing Chronic Disease Burden
• Chronic diseases like diabetes and heart problems are increasing in India. This has created 
a higher demand for medicines and healthcare services to treat these conditions. 
• This has made pharmaceutical manufacturing companies create a wider variety of drugs 
and therapies. They are developing specialized medications and new treatment options. 
• 3. Growing Healthcare Infrastructure
• The establishment of new hospitals and pharmacies across the country has brought 
medical care closer to people, especially in previously deficient areas. 
• 4. Rising Medical Tourism
• India has become a famous destination for medical tourism. It is attracting many 
international patients seeking high-quality, affordable healthcare services. 
Challenges Faced by the Domestic Pharmaceutical 
Market
• 1. Intellectual Property Rights (IPR) Concerns
• Protecting intellectual property rights is crucial for innovation in the 
pharmaceutical manufacturing industry.
• 2. Pricing Pressures
• The Indian market is known for its price sensitivity and constant demand for 
affordable medicines. Pharmaceutical companies often face challenges balancing 
the need for affordable pharmaceutical drugs with rising manufacturing costs.
• 3. Regulatory Compliance
• The pharma manufacturing industry operates under strict regulations to ensure 
medicines' safety and efficacy. This can be challenging for tiny and medium-sized 
enterprises.
• 4. Counterfeit Drugs
• The prevalence of counterfeit drugs is a significant concern in India. It affects 
patient health and reduces trust in the pharmaceutical industry. Combatting 
counterfeit drugs requires potent regulatory enforcement and public awareness 
campaigns.
Future Outlook and Projections
• 1. Precision Medicine
• Precision medicine delivers personalized treatments based on a patient's genetic 
profile and disease characteristics. This approach moves away from the traditional 
one-size-fits-all medical scenario. 
• 2. Biologics and Biosimilars
• Biologics, derived from living organisms such as cells or tissues, have revolutionized 
the treatment landscape for complex diseases. These innovative therapies offer 
targeted approaches by interacting with specific molecular targets in the body.
• 3. Artificial Intelligence and Machine Learning
• These advanced technologies can analyze extensive healthcare data at 
phenomenal speed and scale. This includes genetic information, scientific 
literature, etc.
• 4. Digital Health Solutions
• Digital health solutions are changing healthcare by using technology to make it 
easier for people to get care. 
Contact Us
• Address: 203, Anmol Business Centre, Vrundavan Colony, Near Navrang School Six 
Roads, Navrangpura, Ahmedabad, Gujarat 380009
• Phone: 079 2640 5517
• Email: [email protected]
• Website: http://www.mediwinpharma.com/