Complete Basic of Pharma Export Course

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Pharma Export Course

Pharma Export Course will help you to understand the topic in detail starting from the basics. Almost all pre-requisites & processes required to start a medicine or pharmaceutical export business are described in user-friendly Hinglish language, easy to understand, and to be followed by young candidates aspiring to start a pharma export business or willing to start a career with a pharma company.

Basic Understanding of Pharma Export

What is a Pharmaceutical Product?

Pharmaceuticals are defined as substances or mixtures of substances manufactured, sold, or supplied as part of a prescription drug program for treating, modifying, resetting, or correcting any organic function of human beings or animals. 

Pharmaceutical products exported or imported must meet international safety standards due to public health concerns.

India Exports Pharmaceutical Medicine

In terms of volume, the Indian pharmaceuticals industry is the third largest, and in terms of dollar value, it ranks thirteenth. India has become a global manufacturing and research hub. India's pharmaceutical market is expected to grow at a compound annual growth rate (CAGR) of 22.4 percent until it reaches US 55 billion dollars by 2020.

Over-the-counter medicines and patented drugs are dominant in the Indian pharmaceutical market. Generic drugs constitute nearly 70 percent of the market, while Over-the-Counter and patented medications together make up 21 percent and 9 percent, respectively.

Exports of Indian pharma products and Advantage India - 

• Approximately 20-22% of global exports of generic medicines are from India.
• Between April 2021 and August 2021, the total export of drugs & pharmaceuticals was $9.92 billion.
• For the month of March 2021, drugs & pharmaceutical exports totaled US$ 2.30 billion, up from US$ 24.44 billion in FY21.
• India exported bulk drugs & intermediates worth US$ 1.37 billion between April 2021 and August 2021.
• Bulk drugs and drug intermediates were exported by India in FY20 and FY21 at a value of US$ 3.89 billion and US$ 4.43 billion, respectively.
• Compared to August 2020, exports of drugs and pharmaceuticals reached US$ 2.0 billion in August 2021.
• Manufacturing costs are among the lowest in the world in India. Manufacturing costs are lower than in the USA and almost half of Europe.

What are the top pharmaceutical export companies in India?

By volume, the Indian pharmaceutical market is the third largest and by value, the thirteenth largest market. It has become an important hub for manufacturing and research. This business has a strong competitive advantage due to a large raw material base and a talented workforce.

In 2020, the pharmaceutical industry in India is projected to grow at a CAGR of 22.4%, reaching US$ 55 billion. In India, we offer more than 1000+ products covering all therapeutic areas (medicine, dermatology, and gynecology, as well as cardiology) and in all formulations (capsules, syrups, soft gelatine capsules, tablets, injectables, powder, and cream, etc.). We manufacture all our medicines at our FDA-certified facilities in India.

In the Indian pharmaceutical market, generics make up almost 70% of the market, and patented drugs make up just 9% of the market.

By 2020, India is expected to be the 6th largest market for pharmaceuticals globally. Following is a list of some of the leading pharmaceutical companies in India.

1. JoinHub Pharma

With its headquarters in Ahmedabad, Gujarat, JoinHub Pharma is considered one of the best pharma product exporters from India. These companies export a wide range of pharmaceutical products. The products they sell can be delivered promptly to more than 100,000 suppliers thanks to their extensive sales network. They sell pharmaceuticals and pharmaceutical ingredients.

Over 85% of the company's revenues come from overseas, with a manufacturing facility in India. Several of the company's facilities are WHO-GMP certified and EU GMP certified in India, compliant with international standards. A comprehensive portfolio of over 1,000 products, including treatments for chronic, acute, and rare conditions, is available from JoinHub.

2. Sun Pharmaceutical Industries

When looking for manufacturers of pharmaceuticals in India, Sun Pharma is certainly one to consider because, when purely measured by market capitalization, it is India's largest pharmaceutical firm that specializes in generic drugs. A leading provider of esteemed medicines, the organization's vision is to reach people and touch lives around the world.

Sun Pharma serves more than 150 countries across six continents and manufactures and sells 30 of the top 300 pharma brands in India. It earns almost 60% of its yearly sales in the US market.

3. Cipla Limited

The total assets of Cipla are worth around 150 billion dollars. The organization's head is Dr. Raju Mistry and it is headquartered in Mumbai. As a multinational corporation that showcases its medicines worldwide, Khwaja Abdul Hamied's Chemical, Industrial & Pharmaceutical Laboratories was founded in 1935. There are currently eight Cipla factories in India. Cipla ranked third in the Bluebytes study of India's Most Reputed Brands in 2015.

4. Labs of Dr. Reddy's

Hyderabad, Telangana, is home to this worldwide organization. Through its three business segments: Global Generics and Proprietary Products, Pharmaceutical Services & Active Ingredients, the company offer a wide range of pharmaceutical products in India and 25 other countries.

It was founded by Dr. Anji Reddy in 1984 and focuses on cardiovascular, diabetology, oncology, gastrointestinal, and anti-infective medications.

5. Aurobindo

Aurobindo manufactures and markets more than 300 products in more than 150 countries, and is one of India's biggest vertically integrated pharmaceutical companies. In Hyderabad, Telangana, it is also located near Dr Reddy's. In 1986, Mr. Nityananda Reddy and Mr. Ramaprasad Reddy founded the organization, which was initially a single manufacturing unit for semi-synthetic penicillin.

In the current day, Aurobindo develops medications for multiple areas, including neuroscience, gastroenterology, antiretrovirals, cardiovascular, diabetes, and antibiotics. Over 70% of the company's income comes from overseas, making it one of the top 10 companies in India in terms of consolidated revenue and exports.

Conclusion

India's top 5 pharmaceutical exporters are listed above. This blog contains information that we hope you find useful. If you’re still looking for more information and understanding on Pharma exports JOIN OUR COURSE NOW.