India's Pharma Industry Targets USD 450 Billion Milestone by 2047

India's pharmaceutical industry, known for being a major player in global healthcare, is projected to reach an impressive value of USD 450 billion by 2047. India continues to be a major player in the international pharmaceutical market, with...

Pharma 4.0 Market Powers Growth with Digital Transformation

Many pharmaceutical companies prioritize digital transformation to enhance their ability to collect, analyze, and store data for future use, driving the increasing demand for the pharma 4.0 market. Utilizing industry 4.0 technology in the...

India Leads Global Pharma Exports, Serving Over 200 Countries

India exports a large amount of Pharmaceuticals to more than 200 countries around the world. The current worth of the pharmaceutical sector in India is $50 billion. India meets more than half of Africa's generic drug needs, 40% of generic drug...

Pharma Testing Market Surges with Rising Demand for Biologics

The pharmaceutical analytical testing market is experiencing substantial expansion due to increased complexity in drug development and growing need for biologics and biosimilars, as per the report by Straits Research Pvt. Ltd...

Lupin Among Fastest to Climb S&P Global ESG Rankings in Indian Pharma

Lupin has one of the quickest increases in the S&P Global ESG scores among pharmaceutical companies in India. Lupin Limited, a leading pharmaceutical company, reported an increase in its S&P Global ESG scores from 69 to 76, surpassing the industry...

India's Healthcare Spending Prioritizes Treatment Over Prevention

India's healthcare system favors curative care, with 38% of spending going towards in-patient services and treatments, compared to just 14% for preventative care. Healthcare costs are also rising, with claim sizes up 11.4% and medical inflation at...

Indian Pharma Sector Posts 10% YoY Growth in Q2 FY25

The country's top pharmaceutical companies experienced a 10 per cent year-on-year (YoY) growth in the second quarter of FY25, mainly due to their strong performance in North America and the domestic market, as per Axis Securities report...

Indian Pharma Firms Attracts 5,260 Crore Investment, Fuels 12,490 New Jobs

Indian pharmaceutical firms have pledged to invest more than Rs 5,260 crore, with the goal of generating 12,490 job openings within the pharmaceutical industry. The Telangana government has announced that six well-known pharmaceutical companies...

The Fusion of Biology, Medicine, Health, and AI

Researcher and CEO of Arc Fusion, David Ewing Duncan, while speaking at Bengaluru Tech Summit 2024, talked about the idea of super convergence where technologies like AI, genomics, and synthetic biology are coming together to change health and hum...

India's Pharma Sector Faces Decline in Licensing and Technology Transfers

The Indian pharmaceutical industry, known as the ‘pharmacy of the world’, has faced a trend of negative net voluntary licensing and technology transfers – constructive for medicine access in LMICs, according to the 2024 Access to Medicine Index. Rele