Which are the leading pharmaceutical export companies in India?
The Indian pharmaceuticals market is the 3rd biggest market in terms of volume and thirteenth biggest in terms of value. It has set up itself as a worldwide manufacturing and research hub. A large raw material base and the availability of a talented workforce give the business a definite competitive advantage. The Indian pharmaceutical industry is projected to grow at a compound annual growth rate (CAGR) of 22.4% to touch US$ 55 billion by 2020. Being the biggest pharmaceutical companies in India, we at JoinHub Pharma offer more than 1000+ products covering all formulations (Capsules, syrups, soft gelatine capsule, Tablets, Injectables, Powder, Soap, Pre-filled Syringes lotion, Sachets, etc.) and covering all area (medicine, dermatology, gynaecology, cardiology etc.) and all of our medicines are manufactured at our EU GMP certified plants in India.
The Indian Pharmaceutical market is overwhelmed by generic drugs which establishes almost 70% of the market, whereas patented drugs make up to 9%.
EXPORTS AND ADVANTAGE INDIA
• Pharmaceutical export from India remained at US$ 19.13 billion in 2018-19 and touched US$ 13.69 billion in 2019-20 (till January 2020).
• It is projected to grow by 30% to reach US$ 20 billion continuously in 2020.
• In 2018-19, top importers of India’s pharmaceutical products were Russia (US$ 10.33 million), South Africa (US$ 3.63 million), UK (US$ 9.83 million), USA (US$ 119.18 million), and Nigeria (US$ 1.71 million).
• India is anticipated to rank amongst the top three pharmaceutical markets with regards to incremental growth by 2020.
• India is considered to be one of the biggest suppliers of generic medicines worldwide
• India has one of the most minimal manufacturing costs in the world. It is lower than almost half of Europe and the USA.
It has been anticipated that India will be the 6th biggest market for pharmaceuticals internationally by 2020. With this in mind, the following is a list of the pharmaceutical exporter companies in India that are leading the field.
JoinHub Pharma is considered to be one of the best pharma product exporters from India with its headquarters in Ahmedabad, Gujarat. They export generic medicines and pharmacy supplies of a wide range of pharmaceutical products. With their extensive sales network, they can deliver these products to more than 100,000 suppliers every single day. JoinHub Pharma sells pharmaceutical products and ingredients.
It has a manufacturing unit in India and sells products in more than 100 countries, with over 85% of its revenue coming from overseas. All of its facilities are WHO-GMP certified and has EU GMP certified plants in India which comply with international standards. JoinHub’s portfolio incorporates more than 1,000 products across multiple therapeutic categories, including treatments for chronic, acute, and rare conditions.
Sun Pharmaceutical Industries
As far as pharmaceutical manufacturing companies in India go, Sun Pharma is certainly one of the main ones to look as, whenever measured by market capitalisation alone, it is India’s biggest pharmaceutical company having some expertise in generic drugs. The organization states that its vision is to be “reaching people and touching lives universally as a leading provider of esteemed medicines”.
Sun Pharma manufactures and sells medicines in more than 150 countries across six continents. Its main 30 brands are listed among the top 300 pharma brands in India. Sales in the US market represent almost 60% of Sun Pharma’s yearly turnover.
Cipla is a Pharma company that has total assets worth around 150 billion. Headquartered in Mumbai the organization has the head as Dr Raju Mistry. Established by Khwaja Abdul Hamied as ‘The Chemical, Industrial & Pharmaceutical Laboratories’ in 1935 it is presently a multinational corporation that showcases its medicines internationally. As of now, Cipla has units in 8 locations in India. According to Bluebytes study in 2015 Cipla was positioned third in India’s Most Reputed Brands.
Dr Reddy’s Laboratories
This worldwide organization is situated in Hyderabad, Telangana. It sells a wide range of pharmaceutical products in India and 25 various countries through its three businesses: Global Generics and Proprietary Products, Pharmaceutical Services & Active Ingredients.
Established in 1984 by Dr Anji Reddy, the organization’s main focus areas are cardiovascular, diabetology, oncology, gastrointestinal, and anti-infective medications.
Among the biggest vertically integrated pharmaceutical companies in India, Aurobindo manufactures and sells more than 300 products in over 150 nations. Like Dr Reddy’s, it is situated in Hyderabad, Telangana. The organization was founded in 1986 by Mr Nityananda Reddy and Mr Ramaprasad Reddy and was at first a single unit fabricating semi-synthetic penicillin.
Today, Aurobindo develops products for a variety of different regions such as neuroscience, gastroenterology, antiretrovirals, cardiovascular, anti-diabetics, and antibiotics. The organization features among the top 10 companies in India With regards to consolidated revenues and exports to more than 110 countries, with over 70% of its income coming from overseas.
Listed above are the top 5 pharmaceutical exporters from India. We believe that the information contained in this blog is helpful for you. If you’re still looking for more information on pharmaceutical products and medicines, feel free to contact us anytime.