Shameer Marvan K’s Post

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Analytical Scientist @ Dr. Reddy's Laboratories

Exciting $10 Billion Opportunity for Indian Generics Industry! The Indian pharmaceutical industry is poised for a significant growth surge 📈 📌Over 15 blockbuster drugs are going off-patent between 2023-2029, creating a $10 billion opportunity for Indian generics companies. 📌This includes major drugs like Novo Nordisk's Ozempic and Merck's Keytruda. 📌Indian pharma exports are already on an upward trend, reaching $4.73 billion in April-May 2024 (up from $4.35 billion in the same period last year). Challenges and Considerations: 📌Maintaining quality standards is crucial to strengthen India's reputation as the world's pharmacy. 📌Increased competition from countries like China, Bangladesh, and Vietnam demands strategic action. 📌Geopolitical tensions, supply chain disruptions, and pricing pressures require innovative solutions. Moving Forward: 📌India boasts a strong foundation with 10% of finished dosage form facilities and 19% of API facilities supplying to the US market. To stay ahead, Indian pharma companies should focus on: 📌Research and Development to climb the value chain. 📌Continued growth in generics and API manufacturing. 📌Strategic partnerships to navigate the evolving global landscape. India has the potential to solidify its position as a leading generics player. Let's leverage this opportunity and drive growth in the healthcare sector! #IndianPharma #Generics #GrowthOpportunity #Innovation #pharmacy Reference: TOI 28/06/24

Lokesh Upadhye

"Quality Assurance Officer at Vamsi Labs Ltd | Ensuring Excellence in Product Quality | Experienced in QA & Compliance | Passionate about Continuous Improvement"

5mo

Interesting!

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