The pharmaceutical exporters in India are growing steadily, and the future looks even brighter. With fewer challenges and more opportunities for the Indian Pharmaceutical companies, the export sector will surely add to their business significantly.
Trade experts feel that pharma exporters in India need to keep up with the innovation and aggression to stay ahead of competitors like China. The internal and external markets show buoyancy with a few signs of caution.
Strengths of The Indian Pharmaceutical Exports
India has one of the lowest manufacturing costs and is one of the fastest-growing, as far as pharmaceutical products are concerned.
The increasing support from the government for the pharmaceutical industry and a steady rate of growth in revenues are all working in favor of the industry.
There are four key competitive advantages of the Indian pharmaceutical industry include:
- Availability of raw material
- Skilled workforce
- Low cost of innovation
- Extensive Distribution Network
India has skilled technicians and pharma experts who are adept at English. This decreases the cost of innovation, documentation, and manufacturing compliance.
The Generic Advantage
The best Indian pharma companies mainly cater to the generic drug market. The main focus of pharmaceutical exporters in India includes:
- Generic Drugs
- Active Pharmaceutical Ingredients
- Patented Drugs
India is among the largest generic medicine exporter globally. According to FactSet, the total Indian Research investment in generic drugs increased by 3.8% of sales in 2010 to $12.55 billion.
Top Pharmaceutical Exporters in India
Here is the list of the top generic pharma exporters in India that offer a wide range of pharma solutions across the world.
JoinHub Pharma is one of the best Indian pharma exporters, with its headquarters in Ahmedabad, Gujarat. They are engaged in exporting generic medicines and supplies of a broad range of pharmaceutical products. JoinHub Pharma sells high-quality pharmaceutical products and ingredients at an affordable rate and is ranked in the list of top 10 pharma companies in India.
JoinHub’s portfolio contains more than 1,300+ products across multiple therapeutic classifications, including treatments for chronic, acute, and rare conditions. As leading pharmaceutical exporters, all facilities are WHO-GMP certified and have EU GMP certification, complying with international standards. It has a WHO-GMP-certified manufacturing unit in India and sells products in more than 25+ countries.
Sun Pharmaceutical Industries Limited
Sun Pharmaceuticals is a reputed brand in the Indian pharma segment. Founded in 1983, it is one of the staple pharma exporters with a cumbersome fold of pharma solutions.
This pharma company offers comprehensive services to communities via well-researched and attested products. It utilizes cutting-edge technologies to develop high-quality drugs by keeping the costs as low as possible.
Glenmark Pharma Limited
Established in 1977, Glenmark Pharma Limited puts quick strides in the pharma sector to accomplish and maintain prominence. Its only vision is to become the leading pharmaceutical exporter in India.
Glenmark Pharma contains 15 manufacturing units as well as 3 Research & Development centers to ensure communities are being served with quality-centric products. The company exports API products in more than 65 global nations, including the USA, South America, Europe, and India.
Abbot India Limited
Abbot India is another crucial organ of the top pharma exporters in India list. It serves society with high-quality medical facilities across several therapeutic categories such as metabolic disorders, women’s health, cardiology, gastroenterology, and more.
Additionally, Abbot India functions impeccably towards its goal of helping people achieve the best health status. Abbot India assures us to implement the best formulation practices and technologies to avoid any mishaps on the route.
With more than 34% market share, Cipla Limited is an essential wing of the Indian pharmaceutical industry. It was founded in 1935 with the noble goal of helping people with superior quality medical solutions at affordable rates. Also, Cipla is amongst the industry leaders who practice innovative technologies to obtain something useful for humanity.
Reach out to JoinHub Pharma – a leading Pharmaceutical exporter from India, today to know how we can help you fulfill your pharma product needs!