Analysis of the drug market in India
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Objectives:
The analysis of the Indian drug market is aimed at finding up-to-date information and analyzing the market size, consumers and competitors in the market under study, the changes that occurred in 2017-2019, as well as the forecast and trends in the industry in the long term for the period up to 2024.
Content
Part 1. Overview of the Indian drug market
1.1. Main characteristics of the market
1.2. Dynamics of the drug market volume in 2016-2020 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Stage of the drug market life cycle
1.5. Competition from substitute products
Part 2. Competitive analysis in the drug market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of drug production
3.1. Volume and dynamics of domestic drug production
3.2. The share of exports in the production of medicines
3.3. Segmentation of drug production by regions:
3.3.1. Production by Union Territories
3.3.2. Production by states of India
Part 4. Analysis of foreign trade supplies of medicines
4.1. Volume and dynamics of drug imports
4.2. Structure of imports by countries
4.3. The volume and dynamics of drug exports
4.4. Structure of exports by countries
Part 5. Drug consumption analysis
5.1. Dynamics of drug consumption volume
5.2. Analysis of the results of tenders for the purchase
Part 6. Price Analysis
6.1. Average producer prices by union territories
6.2. Average consumer prices by states in India
Part 7. Assessment of factors of investment attractiveness of the market
Part 8. Forecast for the development of the drug market until 2025
Part 9. Recommendations and conclusions
Research excerpt
State of the drug market in India
The demand for medicines in India increased in 2020 due to the serious spread of the coronavirus infection. The medical industry, medical institutions and ordinary consumers have shown an increased demand for medicines, both providing proper treatment for viral infections and their prevention.
Speaking about the rate of drug production in India, it is worth noting that after a sharp increase in production by 30% in 2019, the rate of drug production in 2020 increased by another 18%, increasing the production rate to 478 million rupees. Although for the entire study period, 107, did not show the highest growth rate, however, in the context of a pandemic and the implementation of high demand, this figure is very significant, especially in comparison with 2020 million rupees at the beginning of the period, in 315.
Diagram. Dynamics of drug production in India, 2017-2020, million Rs.
Source: Rosstat
Market structure
Let us consider the structure of drug production in relation to federal districts. In 2020, 54% of the total production of medicines in India was produced by the Central Federal District, in second place in terms of production with medicinal products at 83 million rupees is the Volga Federal District. Its share of the total manufactured medicinal products is 219%. Across the union territories of India, there has been a steady increase in the increase in the pace of production of medicines since 17.
Table. Manufacture of medicines by Union Territories, million Rs.
Source: Rosstat
Market Dynamics
The dynamics of producer prices for medicines showed stable indicators of about 100%, keeping prices at the same level during 2017-2019. The price index increased to 101,2%, showing not a strong, but still a significant increase in prices, relative to statistics for previous years. However, so far, in 2021, there is a downward trend in prices, so by April 2021, the producer price index compared to the previous year stopped at 100,8%, which still signals an increase in product prices.
Diagram. Producer price indices for medicines in India in 2017-2021, %
Source: Rosstat
Industry development forecast
The further development of the Indian drug market will depend on several factors:
- A strong impetus to the development of the drug market in India was given, among other things, by government procurement programs for drugs under social programs in medicine, for example, an oncological program. Also, a strong increase in the production and public procurement of the vaccine also contributes to the promotion of the market.
- In the consumer market, the development of the market will be mainly influenced by the income factor of the population, so falling incomes of citizens can greatly reduce the revenue of manufacturers, suppliers and pharmacies.
- Experts predict the growth of the drug market up to 8% against the backdrop of an increasing share of public procurement in the overall structure of the market under study. Such a forecast was given by researchers at the recent Indian Pharmaceutical Forum in..
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