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1. Domestic Pharmaceutical Market: A Huge
Expansion of Market by 2023

2. 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.
•
• 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.
•
• 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.
•
• 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. Contact Us
• Address: 203, Anmol Business Centre, Vrundavan Colony, Near Navrang School Six
Roads, Navrangpura, Ahmedabad, Gujarat 380009
• Phone: 079 2640 5517
• Email: info@mediwinpharma.com
• Website: http://www.mediwinpharma.com/