The Indian Pharmaceutical Supplier: A Global Leader
The Indian pharmaceutical industry, often referred to as the "pharmacy of the world," has established itself as a crucial player in the global healthcare landscape. With its extensive capabilities in manufacturing and exporting a wide range of pharmaceutical products, India has become synonymous with cost-effective and high-quality medicines. This blog explores the key aspects of the Indian pharmaceutical supplier landscape, including its growth trajectory, major segments, and future prospects. Overview of the Indian Pharmaceutical Industry India's pharmaceutical sector is one of the largest in the world, currently valued at approximately $50 billion and projected to reach $130 billion by 2030. The industry comprises over 3,000 companies and 10,500 manufacturing facilities, making it a powerhouse in both generic drugs and vaccines. Notably, India supplies around 20% of the world's generics and 62% of global vaccines, including significant contributions to WHO vaccine ...