Pharma market in global top 10 by 2015: Report

摘要

THE Indian pharmaceutical market will treble to $20 billion from $7.1 billion (2007 figure) by 2015, with a compounded annual growth rate (CAGR) of 12.3 per cent. A report by the Federation of Indian Chambers of Commerce and Industry (Ficci) with Ernst and Young (E&Y) states that India could be a potential $8 billion market for multinational companies (MNCs), with patented drugs accounting for 8-10 per cent of the total market. With this growth, India would be among the top 10 global pharma markets by 2015.