Project Report For Pharmaceutical
Project report for Pharmaceutical is as follow.
India is the world’s leading supplier of pharmaceutical products. The Indian pharmaceutical industry provides more than half of international demand for vaccines, 40% of generic demand in the United States, and 25% of all medication in the United Kingdom.
In the global pharmaceuticals industry, India holds a significant role. In addition, the nation has a wide pool of scientists and engineers who have the ability to propel the industry forward to new heights. Indian pharmaceutical companies currently supply over 80% of the antiretroviral medications used to treat AIDS (Acquired Immune Deficiency Syndrome) around the world.
Market potential & Strategy
The domestic economy is predicted to expand threefold in the next decade. In 2021, India’s domestic pharmaceutical industry is expected to be worth US$ 41 billion, increasing to US$ 65 billion by 2024 and US$ 120-130 billion by the end of 2030.
Biopharmaceuticals, bioservices, bioagriculture, bioindustry, and bioinformatics are all part of India’s biotechnology sector. In 2019, the Indian biotechnology sector was worth US$ 64 billion, and by 2025, it is projected to be worth US$ 150 billion.
In FY 2021, India’s medicine and pharmaceutical exports reached $20.14 billion (until January 2021).
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