Pharmaceutical Industry – One of the Booming Sectors in Indi

Pharmaceutical industry is a full-fledged industry which aims at developing, manufacturing and marketing the drugs or medicines (pharmaceuticals) and has grown rapidly over the years. In other words, pharmaceutical companies deal with various medicines and medical equipments. However, the marketing of these products are subject to few rules and regulations.

In the early 1960’s, the Indian government persuaded the development of drug manufacturing by the Indian companies and today, there are so many pharmaceutical companies or drug manufacturing companies prevailing in India.

According to an analysis, the pharmaceutical industry in India is considered as the third largest in terms of volume and thirteen largest in terms of value. According to a Fitch Group company called India Rating, the pharmaceutical industry in India will develop at the pace of 20 per cent during the period of 2015-2020. However Mumbai, Ahmedabad and Hyderabad are considered as the major pharmaceutical hubs in the country.

Some of the top pharmaceutical companies in India comprises of Cipla, Dr. Reddy’s Laboratories, Sun Pharmaceutical, Lupin, Aurobindo Pharma, Cadila Healthcare, Glenmark Pharmaceuticals, Divi's Laboratories, Torrent Pharmaceuticals, GlaxoSmithKline, Abbott India, Biocon, Nectar Lifesciences, Piramal Enterprises, Jubilant Life Science and many more. The leading eight to ten companies is said to have 70 to 80 per cent hold on the Indian pharmaceutical market.

A part from keeping ourselves updated with political, entertainment or healthcare news, it is also very essential for all of us, especially those in this field, to upgrade their knowledge with the latest happenings in the pharmaceutical sector.

In order to get updated, we need proper sources of information like health based journals and newspapers and one of these beneficial sources are Drug Today (a medical journal which provides complete information about the drugs, both existing as well as latest) and Drug Today Medical Times which is a health based monthly newspaper. It not only provides news related to the health, but also it equips the readers with news related to pharmaceutical sector.

It is a platform where readers can have access to the latest trends in the pharma field like invention of new drugs, or any new achievements made by any pharmaceutical company. Also, any person looking for a job in the pharma industry can get to know about the vacancies available through the ‘Situation Vacant’ column in the Drug Today Medical Times newspaper and it is also useful for the pharma companies for marketing their products by giving advertisements in this monthly newspaper.

A part from media, the Indian government is also making several efforts for the progress of pharmaceutical companies in the nation. In order regulate the healthcare expenses; the government has been taking various cost efficient measures. It is soon planning to introduce genetic drugs in the market, which will in turn benefit the pharmaceutical companies in India.

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