The latest report by IMARC, titled “India Pharmaceutical Market Report by Type (Pharmaceutical Drugs, Biologics), Nature (Organic, Conventional), and Region 2025-2033”, finds that India pharmaceutical market size reached USD 61.36 Billion in 2024. Pharmaceutical refers to a substance or drug used to diagnose, treat, or prevent diseases to restore, correct, or modify organic functions. It is used to treat illnesses, including Parkinson’s disease, cardiovascular disease, sexually transmitted diseases (STDs), and cancer. In recent years, the pharmaceutical industry has grown exponentially due to the rising demand for pain management and acute therapies, such as gastro and respiratory.
India Pharmaceutical Market Trends:
One of the primary factors driving the market is the sudden outbreak of the coronavirus disease (COVID-19), across the nation. Additionally, the extensive utilization of intelligent automation in the pharmaceutical industry to diagnose and manage diseases is creating a positive market outlook. Other than this, the industry is positively influenced by the introduction of single-window system to streamline drug development procedures and assist in fast approvals of commercially viable projects. Besides this, the increasing aging population has led to a rise in the number of individuals diagnosed with chronic illnesses, such as rheumatoid arthritis, hypertension, cancer, and diabetes. In line with this, the pharmaceutical industry has expanded exponentially across the country by developing cost-effective, new technologies and more efficient manufacturing techniques. Furthermore, extensive research and development (R&D) activities performed by the Government of India to support rapid drug discovery for better health outcomes are creating lucrative growth opportunities for key players operating in the industry. Other growth-inducing factors are expanding income levels, improving medical infrastructure, lower manufacturing costs, a highly skilled workforce, and enhanced marketing and distribution system. Looking forward, IMARC Group expects the market to reach USD 174.31 Billion by 2033, exhibiting a growth rate (CAGR) of 11.32% during 2025-2033.
Market Summary:
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Types Covered |
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Natures Covered | Organic, Conventional |
Regions Covered | North India, West and Central India, South India, East India |
Companies Covered | Abbott India Ltd (Abbott Laboratories), Aurobindo Pharma Limited, Biocon Limited, Cadila Pharmaceuticals Ltd., Cipla Ltd., Divi's Laboratories Limited, Dr. Reddy’s Laboratories Ltd., GlaxoSmithKline Pharmaceuticals Limited (GSK plc), Lupin Limited, Mankind Pharma, Merck Life Science Private Limited (Merck KGaA), Novartis India Limited (Novartis AG), Pfizer Healthcare India Pvt. Ltd. (Pfizer Inc.), Procter & Gamble Health Limited (The Procter & Gamble Company), Sun Pharmaceutical Industries Ltd., Torrent Pharmaceuticals Ltd. (Torrent Group) etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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