According to ORG IMS Research, a leading producer of information for sales to the Global Healthcare industries, operating in over 90 countries, the Indian pharmaceutical industry will continue to grow at over 12% CAGR (compound annual growth rate) in the next five years as against the global industry growth of over 4%.
The ORG IMS Research noted that in 2009 the industry in India is expected to growth 14-15%, which is slightly lesser than the registered a growth of 16.6% in 2008. The drop in the growth was due to the global economic meltdown.ORG IMS Research also pointed out that the pharmaceutical industry will see a growth of 12-14% in 2010, 14-16% in 2011, 13-16% in 2012 and 12-15 % in 2013. In 2013, India will remain 13th position in global market rankings.
The ORG IMS Research noted that in 2009 the industry in India is expected to growth 14-15%, which is slightly lesser than the registered a growth of 16.6% in 2008. The drop in the growth was due to the global economic meltdown.ORG IMS Research also pointed out that the pharmaceutical industry will see a growth of 12-14% in 2010, 14-16% in 2011, 13-16% in 2012 and 12-15 % in 2013. In 2013, India will remain 13th position in global market rankings.
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