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Indian pharma industry sales up 18 % despite recession and slowdown in March 2009

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Tuesday, April 21, 2009, 17:30 This news item was posted in Industry category and has 39 Comments so far.

Indian pharma industry shakes off slowdown blues; retail sales up by 18 %.

Retails sales in the Indian pharmaceutical market grew by 18% in the month of March 2009, despite fears of stalling industrial growth following the slowdown across economies.

Update

Indian pharmaceuticals market will grow 10-14%; to touch $40 billion by 2015: Mckinsey (30 November, 2009)

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The value growth of Indian pharma market as per secondary sales for the month of Mar 2009 was higher at 18.4%, as compared to 13.3% growth in the month of Feb 2009, according the latest data from ORG IMS, a business intelligence firm.

The value growth as per Mar 2009 MAT once again touched the double-digit mark of 10.1%, with marginally higher growth, as compared to 9.8% as per Feb 2009 MAT.

The value growth in the month of Mar 2009 was higher at 16.8%, as compared to 12.5% in the month of Feb 2009. The value growth as per Mar 2009 MAT (14.1%) was marginally higher as compared to Feb 2009 MAT (13.6%).

In October 2008, sales in the Rs 35,000-crore drug retail market had dipped by 1.2%, the first time in many years, due to consumers shifting to cheaper brands and stockists facing a financial crunch. However, retail sales has gradually strengthened and in February, it rose 13.3%.

ORG IMS tracks the sales figures of stockists and not the actual sales of drugs sold by over five lakh chemists across the country. During March, drugs worth Rs 2,908 crore were sold to stockists.

Despite the brief slowdown in growth in 2008, ORG projects the Indian pharmaceutical industry to grow at 15-20% over the next few years. The industry has been growing at 14-15% over the last few years.

Due to economic prosperity, a lot more customers are entering organised healthcare, antibiotics and acute therapies are normally the first line of defence, say analysts.

While India’s metros and class I cities drive the growth tier II cities and rural market add to the growth momentum.

Rising disposable income, improving health infrastructure such as the government’s incentives to set up 100-bed hospitals in non-metro towns, and the general increase in health awareness due to deep penetration of the electronic media are the corner stones of sales expansion.

Even though export and overseas trade remains key for most of the domestic companies, many of them derive nearly 40% of their sales from the desi market.

As far as MNCs in India are concerned most of the sales are generated in urban or semi-urban areas. However, multinationals like GSK, Sanofi-Aventis, MSD India (Merck) etc., have started  tapping the rural sector too, of late,  realizing their growing potential.

Top 10 pharma companies’ in India ranking remains same

As per Mar 2009 MAT, there has been no change in the ranking of the top ten pharma companies in India, as compared to Feb 2009 MAT.  Novartis Intl. (rank 20) has gained four ranks by virtue of acquisition of Rabipur from Sanofi Aventis and has thus entered among the top twenty companies. Among the other top companies, Pfizer (rank 12), Dr. Reddy’s Labs (rank 13), Emcure (rank 14) and Wockhardt-Merind (rank 15) have gained one rank each.

Novartis Intl. (rank 20) has gained four ranks in the month of Mar’09 as well, while Emcure has gained two ranks to move up to rank 15. The other companies that have gained ranks are Aristo Pharma (rank 10), Abbott (rank 11), Dr. Reddy’s Labs (rank 12) and Torrent Pharma (rank 14), each of them having moved one notch up in the month of Mar’09, as compared to the month of Feb’09, said ORG IMS.

ORG IMS is a leading provider business intelligence about the pharmaceutical market. ORG IMS track and assess billions of transactions, from more than 1 million drug products and measure 75% of ethical drug sales which supports more than 3,000 pharma manufacturers through 29,000 data suppliers and 225,000 chemists.

IMS ORG’s Market Intelligence Report June 2008 highlights the dynamics of Indian Pharmaceutical market through the key influencers of growth elements, top performers, therapeutic areas and regional blocks.

This year, a plethora of factors across the value chain such as companies becoming more progressive in terms of brand building and lifestyle diseases continuing to grow at a faster pace, influenced the growth of the Indian pharma market, IMS ORG noted.

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39 Responses to “Indian pharma industry sales up 18 % despite recession and slowdown in March 2009”

  1. RAVI CHANDRA said on Saturday, April 25, 2009, 10:49

    One should have mentioned the growth of MANKIND(The fastest growing company of India) I suppose it is the only company to be among top 10 companies and grow at a pace of 30%.

  2. shalini said on Friday, May 15, 2009, 13:49

    plz can smby send me a list of top 50 companies of pharma sector as per new survey

  3. lalit goyal said on Thursday, May 21, 2009, 3:39

    woud u plz send me top 10 pharma company as per new suvey……

  4. Ludy said on Monday, May 25, 2009, 23:36

    is that really the case? gives me something to chew on haha
    great blog by the way! i couldnt help myself, but had to post. i usually dont write comments, but good luck please continue the good work :)

  5. Vanhoy said on Sunday, May 31, 2009, 3:34

    wow :-) cooler artikel

  6. Nystrom said on Monday, June 1, 2009, 2:19

    i don’t really agree on all aspects, but good article anyways!

  7. Burd said on Monday, June 15, 2009, 23:57

    great lol

  8. Prasanna said on Saturday, June 20, 2009, 8:57

    Would appreciate if anyone could send me the website/list where i can get updated ORG Ranking of top 50 companies of India…thanks

  9. pramod said on Thursday, June 25, 2009, 10:13

    i want to get all letast update in indian pharma market and org ranking.i would be realy greatful if sbdy will send me on regular besis.

  10. vijay devnani said on Wednesday, July 8, 2009, 3:25

    can you give latest status of cipla in pharma industries

  11. shankar said on Sunday, July 12, 2009, 7:38

    pl.send me top 10 cos in phama&10 top phama brands

  12. shankar said on Sunday, July 12, 2009, 7:41

    need information the top 10 ranking in Indian pharma industry in volume wise& the top 10 top pharma brands in india

  13. ABHISHEK KHARE said on Sunday, July 12, 2009, 14:45

    pls mail me latest top pharma companies ranking

  14. dinesh nival said on Tuesday, August 4, 2009, 8:56

    would you give me information of top 10 ranking in pharma companies?

  15. raj said on Wednesday, August 5, 2009, 16:24

    it is well known in indian pharma industries that mankind pharma is the fastest growing company in india so in top pharma ranking the name of mankind should be mention

  16. DEEPAK said on Thursday, August 27, 2009, 19:37

    which are the top 10 companies presently in indian pharma industry and what is there market share

  17. fayiz farooq said on Tuesday, September 1, 2009, 11:14

    will smby plz help me by providing the information abt total turnover of pharma industry in india?

  18. bobby mohanty,Achievers placement consultamcy said on Wednesday, September 2, 2009, 12:25

    Much we hear about global recessions,glut in campus recritment at the level of B Schools the volume and uniqueness of Pharmaceutical industry suggests a carrer counselling absolute must to upsurge the young india.We at ACHIEVERS have the unique distinction to bridge this gap.Ready to match the speed always INDUSTRY can seek our services DIAL-09437047245.

  19. Mohsin Khan said on Monday, September 14, 2009, 9:45

    i want to get all letast update in indian pharma market and org ranking.i would be realy greatful if sbdy will send me on regular besis.

  20. rishi said on Friday, September 18, 2009, 7:13

    dear sir, pls send new latest ranking of top 20 phamaceuticels company as soon as possible.

    thanks

  21. Dheeraj Yadav said on Thursday, September 24, 2009, 8:08

    Sir, I want to know the calculation according to ORG figures, Please send me the data of 2009 if you have. Thanks

  22. a.veeranthiran said on Sunday, September 27, 2009, 7:49

    sir, i need top ten brand lreaders and company for some pharma products as follws
    1.piperacillin+tazobactum
    2.cefotaxime inj
    3.ceftazidime+tazobactum
    4.meropenem
    5.tigicyclin inj
    6.amicaesin 7.ceff

  23. Naveenan said on Monday, October 5, 2009, 5:45

    Would somebody plz send me the Top 20 Pharma companies in India…

  24. vikas jindal said on Sunday, October 11, 2009, 8:14

    i want to know about the top 10 brands in pharma in india as well as list of brands who has crosed 100 cr t/o every year

  25. mamta said on Monday, October 12, 2009, 14:13

    hi thnks for a precise note on pharma industry. kindly please share data of the top 50 pharmaceutical companies and also some note on your views of biotechnology industry and their products.

  26. Amit Mohapatra said on Friday, October 16, 2009, 11:34

    can plz send org data for cardiovascular range

  27. koushik ghosh said on Tuesday, October 20, 2009, 18:31

    i want know the present ranking of cadila pharmaceuticals ltd according to org ims mat.

  28. mohan lal mahapatra said on Sunday, October 25, 2009, 14:01

    kindly send me by my mail the cardiovascular top 50 org ranking

  29. PRAVIN BHAND said on Friday, October 30, 2009, 15:39

    POSITION OF MANKIND

  30. anil said on Saturday, November 7, 2009, 7:09

    sir
    please send top ten pharma companies in indian merket as per org , mat, c marc, volume wise

  31. amar kumar sahu said on Tuesday, November 10, 2009, 4:26

    dear sir
    i would like to know about the top ten pharmaceutical industry in india.

  32. Jatin Bhavsar said on Tuesday, November 17, 2009, 4:48

    i am a sdutend of M.B.A. i requqre the top ten list of the indian pharma company in 2009. i hope you will definetly help me.

  33. shridhar kabra said on Friday, December 11, 2009, 11:00

    I am a pharma graguate and currently persuing MBA Marketing. Sir i want to know about best avenues available for me in pharma line for this combination.(other than medical representative).

  34. santosh said on Thursday, December 24, 2009, 6:22

    dear sir ,I want to know about the latest of top 75 pharma companies.especially regarding SYSTOPIC LAB one of the best company in indian pharma market.

  35. venkat said on Friday, January 1, 2010, 5:18

    most the top companies whch are showing growth not only due to market growth but also the pressure applied by the companies on field force to meet there no’s creating a false market in most of the places

  36. basheer said on Wednesday, March 24, 2010, 5:57

    sir pl mail me reg latest pharma updates of org rank, new molecules, top pharma companies,

  37. ALpesh Shah - Baroda said on Thursday, March 25, 2010, 3:49

    sir ,I want to know about the latest of top 75 pharma companies.especially regarding FOURRTS INDIA LAB. PVT. LTD. one of the best company in indian pharma market.. As soon as possible immediatly give me a response.

  38. ALpesh Shah - Baroda said on Thursday, March 25, 2010, 3:49

    sir ,I want to know about the latest of top 75 pharma companies.especially regarding FOURRTS INDIA LAB. PVT. LTD. one of the best company in indian pharma market.. As soon as possible immediatly give me a response

  39. ranjeet arya said on Saturday, March 27, 2010, 5:00

    Woud u plz send me top 20 Indian pharma company as per new suvey…

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