Pharmaceutical Industry Overview In India

By Author: Neel Rao
Total Articles: 123
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In the worldwide pharmaceutical sector, India is now having a prominent position. The country is the biggest generic medicine supplier in the globe. Additionally, more than 60% of the vaccines of the world are made in India.

Now, it would be worthwhile to focus on the key aspects.

• When the entire retail market of the country is considered, approximately 80% is constituted of branded generics.
• Domestic pharma companies have been the leaders of the industry, primarily due to their timely investments as well as their competencies in formulation development.
• The prices of medicines in India are relatively lower and the country's pharmaceutical industry is also characterized by fierce competition among all the players.
• There is no dearth of talented engineers and scientists in India, who contribute a great deal to the country's pharmaceutical sector. Right now, globally; about 80% of the antiretroviral drugs are manufactured by the pharma companies of the sub-continent.
• In India, the number of pharmaceutical companies carrying out operations is more than 3000. And, these ...
... businesses are having more than 10,000 manufacturing units spread across the country.
• India's market share in the global avenue of generic medicines is around 20%. Similarly, the country has 60,000 brands of generic medicines covering sixty treatment areas.
• Well over 500 varied APIs (Active Pharmaceutical Ingredients) are manufactured in India. Apart from that, the country's contribution to the WHO-approved list of APIs is nearly 60%.
• For the financial year 2019-20, the pharma exports of India were valued at around Rs. 1.3 lakh crore. These exports were inclusive of drug formulations, bulk drugs, intermediates, and herbal products.
• The biotechnology industry of India is projected to display phenomenal growth over the next five years. This sector comprises bio services, biopharmaceuticals, bio-industry, bio-agriculture, and bio-informatics.
• During the year 2019, the total turnover of India's pharma industry recorded a growth of about 10%. This particular increase in turnover is attributable to domestic sales.
• When the entire manufacturing sites of the World catering to the needs of the market of the USA are viewed, 12% of these are Indian- based ones.
• The manufacturing cost in the Indian pharma industry is almost 35% lower, in comparison with the related costs in the United States.

Pharmaceutical Industry - Usage Of Centrifugal Fans
The specifications and guidelines of the manufacturing processes, in the pharma sector, are highly intricate. Extreme care has to be taken to ensure that these aspects are religiously followed. Even a small deviation could potentially lead to an end product that risks the health of the people.

In light of all that, the role of industrial centrifugal fans in a pharmaceutical plant is extremely crucial in ensuring quality. These industrial fans, along with other measures, ensure that the varied equipment used in these units such as spray drying accessories and capsule filling machines work appropriately. Using ventilating fans of high pressure is indispensable for pharma plants. These specialty industrial process fans possess the ability to purify the air up till the sub-micron level.

Reitz India is a leading manufacturer and supplier of premium Centrifugal Fans that find wide usage in heavy industrial applications. Reitz India has incorporated latest technology in ID Fan and FD Fan design and fabrication to provide energy efficient solutions with high quality manufacturing standards.