"Diverse" Indian market to touch $20 billion by 2015, says McKinsey
This article was originally published in Scrip
India's domestic pharmaceutical market is poised to grow to $20 billion by 2015 from about $11.5 billion (at end-consumer price levels) in 2008-09, with almost 60% of this growth expected to be driven by shifts in income demographics and the rise in medical infrastructure, according to McKinsey & Company.
You may also be interested in...
Gland Pharma, controlled by Chinese group Fosun, makes shining debut on Indian stock markets despite a lukewarm response to its IPO. Will the buoyant market sentiment sustain amid edgy India-China relations?
A senior executive of Janssen’s supply chain leadership team outlines how the company handled activities in Asia Pacific at the height of the coronavirus outbreak, including ensuring continuous and rapid supplies of critical medicines in China. The company is also prepping against “multiple scenarios” to ensure global access for its potential COVID-19 vaccine.
Expert outlines how pharma can create resilient and secure supply chains and some benefits of localization.