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Impact of Demand and Supply Factors On Pharmaceuticals
Impact of Demand and Supply Factors On Pharmaceuticals
Impact of Demand and Supply Factors On Pharmaceuticals
factors on Pharmaceuticals
Introduction
India is the largest provider of generic drugs
globally. Indian pharmaceutical sector industry
supplies over 50 per cent of global demand for
various vaccines, 40 per cent of generic
demand in the US and 25 per cent of all
medicine in UK.
Evolution of Indian Pharmaceutical Sector
•India a major destination for generic •2013: New Drug Pricing Control Order
drug manufacturing issued by Directorate of Food and Drugs
•Approval of Patents (Amendment) Act this will reduce the prices of drugs by 80
2005, which led to adoption of product per cent
patents in India •2015: India has 10,500 manufacturing
units and over 3,000 pharma companies
Medical Infrastructure
OTC drugs
Government Policies
Demand-side Drivers Of Indian
Pharma Sector
Accessibility
Acceptability
Affordability