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Brief information regarding Pharmaceutical Companies in India and their growth graph.
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Pharmaceutical Companies In India &SAVA’s Role In The Industry OCTOBER, 2013
The economy of the 7th largest country in the world has experienced a growth of 5.0 % between 2012 and 2013. It is further expected to grow between 6.1 to 6.7 % in the coming fiscal year. This is a steady growing economy there are more than 1000 fragmented pharma players and more than 60000 brands. It is also expected that the OTC market will grow to USD 6.6 billion by 2016.
In this steady growing economy, government has always taken strong and steady initiatives to encourage the growth of drug pharmaceutical companies in India. • It has always realized the huge potency that this nation has and has encouraged companies to take baby steps in building unparalleled drug innovation. • Apart from just the pharmaceutical industry, the Indian bio-pharmaceutical industry has also experienced more than 17% growth in recent years.
The pharmaceutical industry in India stands to be the third largest in the world in terms of volume. • Analysis made by the department of pharmaceuticals, Ministry of Chemical and Fertilizers it is expected that sales of all types of drugs will be near about US$ 19.22 billion by the end of 2012. • It is also expected that the growth of the pharmaceutical industry in India will grow with the annual growth rate (CAGR) of 14 to 17 percent between 2012 and 2016. India ranks in the list of top 5 emerging pharmaceutical markets in the world.
SAVA Global is an emerging pharmaceutical company in India that is devoted in manufacturing diversified range of healthcare products with the view to match superlative quality along with enviable economy.
This pharmaceutical manufacturing company in India is well equipped with state of the art infrastructure and has been indulged in manufacturing human and animal health care products. • It is also a leading pharmaceutical exporter in India passionate in sourcing diversified pharmaceutical services and products from the global market. • It is facilitated by skilled yet low cost labor, economical raw material, and other economic benefits like lower trade tariffs in supplying services and products and tax breaks. Note: The information mentioned in this presentation is solely the opinion of the author and is published for informational purposes only; Sava Global or its affiliates bear no responsibility on the authenticity of the information published herein.
Keeping in view the wide spectrum growth of healthcare business SAVA Global is steady in its business and full-fledged in making it big in the pharma world. Sava Global has expanded its business domains from large scale trading of finished formulations to full-scale manufacturing and research services. Note: The information mentioned in this presentation is solely the opinion of the author and is published for informational purposes only; Sava Global or its affiliates bear no responsibility on the authenticity of the information published herein.