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THE PHARMA REVIEW (NOV – DEC 2018)

Digital Transformation of Pharma Companies in India

Debasish M Banerjee

Introduction:

India is one of the key priority markets & it is witnessing a major growth in the health and wellness space. According to a report, the Indian pharmaceuticals market grew at a compounded annual growth rate (CAGR) of 17.46% during 2005-16, increasing from $6 billion in 2005 to $37 billion in 2017. The country’s pharmaceutical industry is expected to expand at a CAGR of 22.4 per cent over 2016 –20 to reach US$ 55 billion by 2020. India’s pharmaceutical exports stood at US$ 17.27 billion in 2017-18. In 2018-19 these exports are expected to cross US$ 19 billion. The IPM stood at Rs 1.26 lakh crore for the moving annual total (MAT) ended September 2018.

 

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