Top 5 pharma company in india
Pharmaceutical Company

List of 5 Top Pharma Companies In India 2022

India is a leading player in the global pharma drug industry. Moreover, the country holds a large number of scientists and engineers that can propel the sector forward to even greater heights.

With the Covid-19 Pandemic, the Pharma industry in India has picked up a definite momentum. India’s pharma sector is further growing and changing lives by offering the necessary amenities. As per the Ministry of Chemicals and Fertilizers, the turnover of pharma companies in India was $18.12 billion in 2018 and $19.14 billion in the fiscal year 2019.

Do you know more than USD 1.5 Trillion is predicted to be generated by the pharmaceutical market by 2023?

Generic drugs from top pharma companies represent 20% of global exports in terms of volume, making India the biggest manufacturer and supplier of generic medicines globally. The Indian pharmaceutical market is anticipated to be worth 33.18 billion USD and will reach 9th position in the worldwide pharma market by 2023.

In this blog, we have listed some of the best pharmaceutical companies which manufacture superior pharmaceutical products in India and are ruling entire India’s pharma sector.

SWOT Analysis for Indian Pharma Industry

Before we jump to top Indian pharma companies, let’s analyze the pharma industry in India based on the SWOT analysis. SWOT analysis is simple but helpful in analysing any sector. Using SWOT analysis, we can identify specific factors of strength and weakness of any subject.

Strength

India’s industrial sector is robust. Compared to other countries, the cost of manufacturing pharmaceutical goods in India is much lower and more effective. As a result of technological advancements, India has a highly-skilled workforce. By communication development, India’s marketing and distribution systems are likewise on the higher side. The sector is further strengthened by its diversified ecosystem.

Weakness

Apart from the liberalization of the FDI restrictions, there is still a lack of investment in research and development, which should be addressed by industry and government. The lack of collaboration between industry and academicians is a significant flaw. When compared to other household expenses, healthcare costs are insignificant. The manufacturing of low-cost and low-quality medications poses a considerable challenge to the pharma business.

Opportunities

Despite the industry’s flaws, it is expected to develop rapidly because of greater export possibilities. It is also likely that the export of generic medicines to developed markets will rise. India has much potential to become a hub for worldwide clinical trials. Furthermore, India is anticipated to play a major role in global pharmaceutical research & development (R & R&D).

Threats

Product patent policy is one of the greatest challenges to the domestic industry. The Government of India’s Drug Price Control Order put much pressure on product pricing, which affects the pharmaceutical companies’ profitability. Small businesses face challenges from the new MRP-based excise duty structure. To overcome this danger, this sector must step up its R&D efforts.

Top Pharma Companies in India

Here are the top five pharma companies in India.

1. JoinHub Pharma

Joinhub Pharma is the largest pharmaceutical company in India and is renowned primarily for generic medicines in the world. They manufacture and export dosage forms like tablets, capsules, sprays, ointments, creams, injectables, and liquids. Its businesses include producing generics, branded generics, specialty, active pharmaceutical ingredients (APIs), and intermediates in the full range of dosage forms. The company has a broad portfolio with more than 1,000 products in the market.

All the pharma products are manufactured in their WHO-GMP, FDA, and ISO 9001:2008 certified manufacturing facility.

They are also considered the leading pharmaceutical production company in the world. In fact, 85% of revenue is generated by way of exporting medicines to MIDDLE EAST, CIS, and South AFRICA production facilities.

2. Sun Pharmaceutical Industries

Sun Pharmaceutical Industries is a leading multinational pharmaceutical company in India established in 1983. It was founded by Mr. Dilip Shanghvi, the MD of Sun Pharmaceuticals. The company was initially offering products to treat psychiatric ailments. Now, the company additionally offers formulations in various gastroenterology, therapeutic, and diabetology. Its revenue was around $4.7 billion in 2020.

Sun Pharmaceutical Industries is the biggest pharmaceutical company in India based on overall revenue. It is the 4th biggest global specialty generic pharma company in the world. It also sells Etodolac, Carbamazepine, Clorazepate, anti-cancer, steroids, peptides, hormones, and controlled substances. Its subsidiaries include Ranbaxy Laboratories and Sun Petrochemical Pvt. Ltd, Sun Ophthalmic Inc, Alkaloids Chemical Company Zrt, Chattem Chemicals Inc. This pharmaceutical company sells affordable medicines in over 150 countries across six continents.

4. Divi’s Laboratories

Founded in 1990 and headquartered in Hyderabad, this pharma company manufactures active pharmaceutical ingredients and other intermediates. With $780 million in revenue in 2020, it manufactures top-quality generic compounds, Nutraceutical ingredients, and custom synthesis of APIs while exporting to over 95 countries. Divi’s laboratories are engaged in manufacturing leading generic compounds, Nutraceutical ingredients, custom synthesis of APIs, and intermediates for global innovator companies.

4. Dr. Reddy’s Laboratories

Anji Reddy founded Dr. Reddy’s Laboratories in 1984. It is an Indian multinational pharmaceutical company. It manufactures a broad range of pharmaceutical drugs in India and overseas. They have more than 190 medications, 60 active pharmaceutical ingredients for drug manufacturers, diagnostics kits, critical care, and biotechnology products.

5. Cipla

Cipla is an Indian multinational pharmaceutical and biotechnology organization headquartered in Mumbai and was established in 1935 by Khwaja Abdul Hamied.

Cipla is a leading pharmaceutical company specializing in branded and generic drugs of the best quality. The company produces medicines that treat respiratory and cardiovascular diseases, diabetes, arthritis, weight control, depression, etc. Patients and medical professionals across the world trust Cipla.

Conclusion

These are the top five players in the Indian Pharma Industry that reign the pharmaceutical market.

If you’re looking for a reliable pharma manufacturer, supplier, wholesaler, and exporter in India, look no further than JoinHub Pharma. We manufacture and sell high-quality medicines at affordable rates to provide quality to all people.

Reach out to our pharma experts today!

 

Indian Pharmaceutical Company
Pharmaceutical Company

Investing in an Indian Pharmaceutical Company – A Profitable Deal

India is doing extremely well in the pharmaceutical industry for over a few decades. The basic reasons are the availability of affordable labor and raw materials in abundance. The top pharma companies in India are discovering new molecules and bringing new medicines on board to curb various diseases and pathogens making human and animals’ life better than ever.

Medicine manufacturers in India have become a blessing for the business holders and shareholders due to the world’s dependency on India for APIs and other types of medicines. India supplies over 50% of the vaccines of the world. The UK receives 40% of generic medicine and the UK obtains 2% of all medicines from this country. It leaves no doubt that the industry of pharmaceuticals is growing by leaps and bounds and many business holders are eyeing it to make a massive profit.

A statistical view of the Indian pharma industry:

India is a country to deliver the 2nd largest share of biotech and pharma labors to the entire world. 2019 has greeted Rs. 1.4 lakh crore of domestic pharma market turnovers. In 2018, it was Rs 1.29 which indicates there was a 9.8% increase in a single year. Indian pharmaceutical export companies have employed a huge number of employees in various departments to perfectly cater to the needs of manufacturing and export medicines to all other parts of the world.

The sales of pharma products reached 9% (Rs 10,342 crore) in this year’s May. Moving Annual Total based calculation depicts that in December 2019, the pharma industry was at a growth of 9.8% with a price hike of 5.3%, and a volume hike of 2% y-o-y.

New Indian pharmaceutical company is emerging:

The colossal growth of the pharma industry has urged many business holders to invest in it and hence, many new Indian pharmaceutical companies are starting their journey in the league. Over 200 countries throughout the world import pharma products from India paving the golden way for any medicine exporter from India to increase their activities.

India is considered the most substantial provider of generic medicines globally. It consistently maintains its supremacy in this field making itself a hope for the investors. Again, owing to the growing number of pathogens and various diseases, the top pharma companies in India are intensifying their research and development, and manufacturing medicines on a large scale. Some of the best medicine manufacturers in India, for instance, JoinHub Pharma and others, are commercializing innovative therapies to curb the patients’ suffering.

Moreover, the price is kept affordable so that people of all economical strata can purchase medicines and other pharma products. In fact, the companies are looking after the improvement of the Indian pharmaceutical exports to reach every corner of the world where medicines and injectables are needed.

Therefore, it leaves no doubt that medicine manufacturers in India are business people’s dream. By this year’s September, the country has exported a record worth of US$ 11.80 billion of pharma products. As per the statistical prediction, the medical devices industry is constantly growing by at least 15.2% annually and can come to US$ 25 billion by 2025.

Unquestionable development of pharmaceutical medicine suppliers:

The top pharma companies in India that manufacture, pack, and supply medicines are committed completely to acquire the right quality at a rapid speed. Plus, they adopt cost-effective procedures at each stage of development. These firms are experts in industrialization and make sure that the end products are okay for manufacturing and commercialization at a large scale. The stakeholders can save a lot of money and time by investing in these firms.

Infact, the Government of India (Department of Pharmaceuticals) has launched Pharma Vision 2020 with the conceptualization of making India a comprehensive drug discovery hub. Under Union Budget 2020-21, the Ministry of Health and Family Welfare has allocated Rs. 65,012 crore indicating massive development of this industry.

Again, the project managers of the high profile Indian pharmaceutical company are deeply concentrating on the needs of customers. The focus is also on the timely delivery of the drugs including tablets, injections, capsules, ointment, oral liquid, suspensions, external preparations cream, nasal drops, eye, and ear drops, etc.

Furthermore, the coronavirus has made it immensely necessary to have multivitamins and minerals supplement on a regular basis. The top-notch medicine manufacturers in India are keen on manufacturing multivitamins and minerals along with hand sanitizers and protective masks to stop the deadly virus from entering the body and attack the immune system.

 

Conclusion:

The pharma industry in India will touch $65 billion by the year 2024 as per prediction. Any accredited and certified Indian pharmaceutical company is actively involved in contract manufacturing drug intermediates and active pharma ingredients and is making an unparalleled track record in the international market. The current focus is more on pharma innovation backed by ground-breaking science. All these aspects result in a positive opportunity for the investors to invest in the top medicine manufacturers in India making the country become number 1 in the pharmaceutical industry.

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