The Indian pharmaceutical market is the 15th largest individual market by sales, but the 4th by volume of product. With domestic drug sales of almost $5 billion, Indian companies have also developed a considerable service industry for the global pharmaceutical market. However the Indian pharmaceutical market looks set for considerable change.
For many years the Indian pharmaceutical market has been seen as a no go area for the R&D based MNCs. The market became dominated by copied generic drugs produced at low-cost by Indian companies. One full year after the introduction of the WTO TRIPS and in the midst of the practical implications of ensuring compliance with product patents, how is the Indian pharmaceutical industry facing up to new regulations to its market?
Indian pharmaceutical companies are able to provide FDA approved facilities for the complete range of services for drug development. R&D services, API sourcing, finished formulation manufacture and clinical trials can all be completed in India, at less cost than in many developed markets. The leading Indian pharmaceutical companies are also beginning to increase market presence and market share in the US and EU markets.
Pivotal period of change
The Indian pharmaceutical market is entering a pivotal period of change. Although it is unlikely to see significant growth before 2011, It expects extensive company activity as the leading Indian pharmaceutical companies strive towards international competitiveness. Global pharmaceutical companies have already begun to take advantage of the changing regulatory and economic conditions in India. The following five years will see further merger and acquisition activity, including key overseas acquisitions.
The Leading Pharmaceutical Companies Within India
Rank Company
Ranbaxy Laboratories
Cipla
Dr Reddy's Laboratories
Sun Pharmaceuticals
Nicholas Piramal
Zydus Cadila
Biocon
Glenmark Pharmaceuticals
Wockhardt Ltd
Orchid Chemicals
Why you should buy this report
Significant change is imminent within and from the Indian pharmaceutical market. Global MNCs cannot afford to ignore the cost advantages that the Indian market offers.
Key companies are examined, recent histories summarised and strategies outlined to provide indications of potential strengths.
The key IP changes resulting from the acceptance of the WTO TRIPS are outlined.
This report considers the latest financial and anecdotal information from the Indian pharmaceutical market to enable the most accurate assessment of the medium-term future potential of this $5 billion market.
Table of Contents :
1. Executive Summary
1.1 The Indian Pharmaceutical Market Will Be Worth $7.58 Billion By 2011
1.2 Aims, Scope and Format of the Report
1.3 Research Methodology
2. Introduction
3. The Indian Healthcare System
3.1 Organisation of the Indian Healthcare System
3.2 Emphasis on Local Participation
3.3 State Financed Research and Technology
3.4 Clean Water and Sewage Disposal
3.5 Finance and Resources
3.6 Physical infrastructure
3.7 Indian Healthcare Neglects the Poor
3.8 The Indian Market for Healthcare
3.9 Indian Healthcare Statistics
3.10 India's Healthcare Market Has a High Potential
3.11 The High Price of Being Ill in India
3.12 The Disease Burden in India
3.13 HIV Will Grow
3.14 TB Is the Biggest cause of Death in India
3.15 Maternal, Perinatal and Childhood Conditions Have the Highest Burden of Disease
3.16 Malaria is Still Highly Prevalent in India
3.17 Non-communicable Conditions and the Rise of Western Diseases in India
3.18 Cardiovascular Disease is On the Rise
3.19 Diabetes Will Increase
3.20 Incidence of Cancer Will Increase
3.21 Mental Health Disorders
3.22 Asthma and COPD
3.23 Blindness Prevalence Will Remain Unchanged
3.24 The Drug Price Control Order (DPCO)
3.25 A List of the Key Pharmaceutical Organisations in India
4. The Indian Economy
4.1 IMF Forecasts Continuing Positive Economic Growth
4.2 Life Expectancy is Still Low in India Compared to the West
4.3 Technical Labour Force Remains Important
4.4 Indian Agriculture Is Inefficient
4.5 Indian Industry is Set for High Growth Levels
4.6 The Services Sector Will Also Grow
4.7 The Indian Rupee
4.8 India's Growing Future
4.9 Poverty Is Still High in India
4.10 Steps Taken to Reduce Bureaucracy and Corruption 4.11 Occupation and Unemployment
5. Indian IP, WTO and TRIPS
5.1 Anticipation of an Open Indian Market
5.2 Indian Patent Act Allowed Only Process Patents
5.3 TRIPS Agreement Changes Format of the Indian Pharma Market
5.4 Intermediary Measures Should Smooth Transition
5.5 The Mailbox System
5.6 Does the Drug Price Control Order Help or Hinder?
5.7 Predicted Consequences of India's New Pharmaceutical IP System
5.7.1 Potential Advantages for the Indian Pharmaceutical Market
5.7.2 Potential Disadvantages for the Indian Pharmaceutical Market
6. The Indian Pharmaceutical Market
6.1 The Indian Pharmaceutical Market Has Shown Historical Growth
6.2 Generics Dominate Branded Products on the Indian Pharmaceutical Market
6.2.1 Antibiotics Lead the Indian Market
6.2.2 Volume Greater Driver than New Products
6.3 India's OTC Market
6.4 Infrastructure Weak - Distribution Vital
6.5 Counterfeiting
6.6 The Future of the Indian Pharmaceutical Market Looks Positive
6.7 The Localised Nature of the Indian Pharmaceutical Market Will Alter
7. The Impact of Indian Companies on the World Pharma Market
7.1 Contract Manufacturing and R&D Activity
7.2 API Sourcing
8. Clinical Trials Industry
8.1 A SWOT Analysis of Outsourcing Clinical Trials to India
8.2 Many Factors are Considered When Deciding Clinical Trial Location but Quality of Data Should Be Paramount
8.3 India as a Model for Rapid Growth in the Clinical Trials Industry
8.4 Expanding Pharmaceutical Investment in India is Led by Clinical Trials
8.5 Changes to the Law Have Caused Rapid Growth of Clinical Research
8.6 Rapid Recruitment Is Driven by a Large Patient Population and an Organised Healthcare System
8.7 Ethical Considerations in India
8.8 What Is India Doing to Promote Clinical Research?
8.9 Forecast: What Is the Future of Indian Clinical Research?
9. SWOT Analysis of the Indian Pharmaceutical Market
10. An Overview of the Leading Indian Pharmaceutical Companies
10.1 Ranbaxy
10.1.1 Ranbaxy Wins Lipitor Patent Decision in Austria
10.1.2 R&D Investment Offers Another Strategy
10.1.3 Ranbaxy's M&A Activity
10.1.4 Ranbaxy Summary
10.2 Cipla
10.2.1 Will Cipla Struggle to Adapt?
10.2.2 Cipla Summary
10.3 Dr Reddy's
10.3.1 US Market Generic Competition Hits Dr Reddy's
10.3.2 Dr Reddy's Active with M&A
10.3.3 Dr Reddy's Pipeline
10.3.4 Dr Reddy's Summary
10.4 Other Leading Companies
10.4.1 Nicholas Piramal Adopts Co-operative Strategy
10.4.2 Wockhardt Achieves Notable Successes in US and UK
10.4.3 Glenmark Pharmaceuticals - US Market Activity
10.4.4 Orchid Develops From Alliance-based to Brand Market Presence
10.4.5 Supporting Companies Seek Developing Strategies
10.5 Conclusion
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