Forecast of development of the Indian medicines market in 2009-2018
Forecast of development of the Indian medicines market in 2009-2018.
The volume of the Indian market of medicines can reach almost 45 billion. India has all chances to reach the second position in terms of medicines market in Asia-Pacific region (after China).
Among the main drivers of the Indian market mark high growth of the economy, increased availability of drugs for the population, investment in infrastructure improvements in the health sector, as well as the prevalence of chronic diseases.
The volume of pharmaceutical sales in India in 2009 in national currency increased by 13.1% compared with the previous year to 618 billion rupees (14.2 billion dollars.) To 699 billion rupees (14.5 billion dollars.) Estimated «BMI». Note that the average growth rate of global Pharma in 2009 are expected at the level of 7,6%.
According to forecasts «BMI», in India the average drug expenditure per capita will increase from 11.96 dollars. in 2008 to 20,03 dollars. in 2013 and to 33,3 dollars. in 2018.