Introduction:
In the ever-evolving landscape of the pharmaceutical industry, India stands tall as a global powerhouse. In recent years, the Indian pharmaceutical sector has witnessed unprecedented growth, especially in the realm of exports. This blog delves into the thriving domain of pharmaceutical exports from India and explores the promising future that lies ahead.
The Pharmaceutical Export Boom:
In the wake of the Covid-19 pandemic, Indian pharmaceutical exporters have played a pivotal role in supplying essential medicines worldwide. India's rich heritage in ancient medicines and its prowess in producing high-quality generic drugs have earned it the moniker "pharmacy of the world." Notably, the industry's rapid response to global demands and cost-effective production methods have bolstered its reputation.
A Glimpse into the Future:
Biosimilar Revolution: The emergence of biosimilar drugs is set to revolutionize the pharmaceutical landscape. By 2030, the global biosimilar market is predicted to reach a staggering $60 billion, with India poised to claim a significant 13% share.
Innovative Drugs and Advanced Therapies: India's pharmaceutical exports are transitioning towards innovative drugs and cutting-edge gene therapies. The gene therapy market is expected to experience a remarkable 36% growth by 2025, signaling a new era of medical advancements.
India as a Reliable Global Supplier: The Covid-19 era has transformed India into a self-sufficient pharmaceutical hub. Its ability to manufacture a wide array of pharmaceutical products has elevated its status as one of the world's most reliable medicine suppliers.
Increasing Domestic Consumption: With an aging population and government initiatives for senior citizens, the Indian pharmaceutical industry is witnessing a surge in domestic consumption. This growing demand is not only shaping the local market but also enhancing India's global standing.
Exclusivity Opportunities: The prevalence of branded medicines and a robust global supply chain presents a golden opportunity for Indian pharmaceutical manufacturers to establish themselves on the global stage. This exclusivity has become a cornerstone for the industry's expansion and recognition.
Why Choose MG Biological:
At MG, we stand at the forefront of the Indian pharmaceutical industry. Our commitment to manufacturing niche products using state-of-the-art machinery has earned us a global reputation. With a widespread outreach, we cater to clients across the globe. For all your pharmaceutical export needs from India, trust us to deliver excellence and innovation.
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