Mergers And Acquisitions
The right mantra for success?
Associate Research Director, ORG-MARG Research Ltd., India.
Senior Research Associate, ORG-MARG Research Ltd., India.
OVERVIEW OF THE INDIAN PHARMACEUTICAL INDUSTRY
The Indian pharmaceutical market is currently valued at US$ 4 billion and ranks ninth in the world. It accounts for 1.6% of the world market in terms of value. Its current annual growth rate (CAGR) of 18% (1991-2000) is more than twice that of the global market. India's share in the global pharmaceutical market is expected to more than double by the year 2010. With increased awareness and increased spending by the government on the healthcare sector, India's per capita expenditure on drugs has almost tripled to Rs. 200 (US$ 4) between 1991 and 2000. However, a comparison with other countries reveals that India's per capita expenditure on drugs is much lower and hence holds great potential for pharmaceutical companies (see table 1).