Pharmaceutical Market in India by 2020 - IKON Marketing Consultants

About this ReportThis report begins with the current scenario of Pharmaceutical market in India withcurrent market size and structure, market drivers, challenges and competitivelandscape. Chapter 2 highlights factors leading India's emergence as a major globalplayer along with the global pharma market overview. The chapter 3 throws light onhow the current decade going to remain healthy for the Indian pharma Industryfollowed by Chapter4 regulatory environment stating various laws and regulationeffecting Indian pharma Industry. The report gives overall feel of how by 2020 theIndian pharma industry is going to grow healthy and going to make its existencenoticeable in global pharma Industry.The Indian pharmaceutical market is highly regulated and fragmented, dominated byprivate Indian companies. Currently the domestic Indian Pharmaceutical market isvalued at US$14.30 billion growing at a healthy double digit CAGR of 13% since 2005-06. The major growth contributors are strong Indian demographics with robusteconomic YOY growth, increase in affordability of medicines, an increased percentage ofdisposable income being spent on healthcare and increased penetration of healthinsurance. Also from the government initiatives side, the government has made publichealthcare one of its top priorities by launching policies and programs aimed at makinghealthcare more affordable and accessible, especially in rural markets.The global pharma market is expected to grow at 7% to 8% CAGR over the next fiveyears, reaching an anticipated US$ 1.7 trillion in 2020, India is going to rank among top10 global player by 2015 itself. Looking at the immense potential Indian Pharmaceuticalindustry have, IKON estimates that the current decade will be going to change theprescription in Indian Pharmaceutical industry. India will emerge as a leading globalplayer holding the rank among top five major global markets by 2020.Beneficial to:Pharma Companies, Investors and Venture Capitalists, Industry Analysts & Consultants,Corporate and Entrepreneurs, Industry association, Education and GovernmentInstituteswww.ikonmarket.com pg. 2