Friday, November 20, 2009

Indian pharmaceutical market is over Rs 55,000 cr



Indian pharmaceutical market, which has registered robust growth in last few years, was valued at over Rs 55,000 crore in the last fiscal, the Lok Sabha was informed today.

"As per the information available with Pharmaceutical Department through ORG-IMS (market research agency), April 2009, moving annual total (MAT) value of Indian Pharmaceutical market is Rs 55,454 crore," Minister of State for Chemical and Fertilisers Srikant Jena said while replying to a written query in Lok Sabha.

This includes retail pharmaceutical market at maximum retail price, companies not tracked by ORG, hospitals and institutional sales (except government procurement), direct doctor purchase, over the counter products and diagnostic chemicals, Jena said.

The average MAT value of Indian pharmaceutical market for the 2006-07 fiscal is around Rs 43,904 crore, for 2007-08 is around Rs 50,410 crore and for 2008-09 fiscal is Rs 55,454 crore.

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