Some twenty years ago, India is one of the densely populated poor countries. Currently, India experienced rapid development in pharmacy. What’s the secret?
The secret is because:
1. India could make generic drugs with super cheap prices
2. Many scientists who studied in America and developed the drug in the country.
3. Domestic market share in large and pendudukn wanted to use generic drugs.
4. Support people who use generic drugs to make India continued to make large quantities of generic drugs to be exported until the end.
In the pharmaceutical field itself, India is the country’s largest exporter of generic medicines in the world.
“The pharmaceutical industry of India has evolved over the years, one factor is due to emerging markets such as Indonesia play a big role because the import of pharmaceutical raw materials from India,” said Gurjit Singh, India’s Ambassador to Indonesia in Selected Commercial Materials Exhibition Pharmaceutical Raw Largest First ASEAN International Expo held in Jakarta.
Currently, the Indian pharmaceutical market reached U.S. $ 25 billion and is expected to rise to U.S. $ 74 billion USD in 2020. With the rapid growth of the biotechnology industry about U.S. $ 2 billion and approximately 15.7% of the market developments during the year 2011, India ranks fourth in the world resulting in an 8% volume and 2% of the value of production in the world.
By volume, India is also the largest exporter of generic drugs with strong industry because 15% of pharmaceutical scientists in the United States. In addition, the country is also a supplier of active ingredients of the world’s third-largest drug.
Strength of India is capable of producing low-quality medicines so as to compete in markets that have strict regulations or not.
More than 55% of drugs India broke through the emerging markets are very tight market medicine. Developing countries prefer to take generic drugs because the price is 20 times cheaper than patented drugs.
Even in developed countries, India’s drug ingredients sold like hotcakes. This is evident from the three countries most widely imported ingredients from India are powerful countries like America, Russia and Britain. North America itself is the ultimate destination for the shipment of drugs from India.
Of the total exports of Indian pharmaceutical industry, 62% of which are medicines, pharmaceutical raw materials 37% and 1% of the remaining herbs. India is currently supplying 90% of the world’s pharmaceutical raw materials and 20% of drugs in the world.
“For the price of HIV drugs, if the price of a standard drug is U.S. $ 10,000, then we can make a price less than U.S. $ 100. Likewise for cancer drugs. Pharmacy exports to Indonesia itself for U.S. $ 45 million of raw materials and generic drugs of U.S. $ 12.5 million, “said Dr. PV Appaji, director general of the Pharmaceuticals Export Promotion Council of India (Pharmexcil).
Generic drugs made in India are exported to Indonesia are antibiotic drugs, anti diabetes, heart medications, anti-hypertension and respiratory medicine.
Many developed countries, developing countries and underdeveloped countries makes India a source of supply of bulk drugs and generic drugs to address health care costs increased.
Furthermore, India now has a unique image as a provider of healthcare products and services are affordable.
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