The pharmaceutical market is made up of companies (organizations, sole proprietors, and partnerships) that sell medicines and associated services. These medicines are used to treat conditions like diabetes, cancer, cardiovascular disease, chronic renal disorders, and others. Pharmaceuticals can refer to any kind of medication used to cure illnesses or for therapeutic purposes. Organizations or businesses that manufacture pharmaceuticals and biologics are included in this sector. Pharmaceutical businesses provide medicines for individualized, personalized treatment of the numerous disorders mentioned above. Over the course of the projected period, an increasing number of new launches in the Indian pharmaceutical industry are anticipated to fuel market expansion.
The India & Oman pharmaceutical industry market is estimated to be valued at US$ 47,179.5 million in 2021 and is expected to exhibit a CAGR of 12.7% over the forecast period (2021-2030).
Key Companies in the India And Oman Pharmaceutical Industry:
1. Pfizer, Inc
Pfizer Inc. was launch in 1849. And its headquarter - New York, New York, United States. It operate over 40 country
2. Bristol Myers Squibb
Bristol Myers Squibb was launch in 1887. And its headquarter - New York, New York, United States. It operate over 106 country. 2022 Bristol-Myers Squibb is a global biopharmaceutical company focused on discovering, developing and delivering innovative medicines for patients
3. Sanofi S.A
Sanofi S.A was launch in 1970 and it’s headquarter located in Paris, France.it operate over 140 country .In 2020 Sanofi launches specially designed “made in India” - Re-usable insulin pen
4. F. Hoffmann-La Roche AG
F. Hoffmann-La Roche AG was launch in 1896 and it’s headquarter located in Basel, Switzerland.it operate over 140 country
5. Bayer AG
Bayer AGfounded in 1863, with its headquarters in Leverkusen, Germany.With businesses in over 83countries.
6. Novartis International AG,.
Novartis International AG,was launch 1996 and its headquarter Basel, Switzerland. it operate over 140 country.In 2023 announcement pursuant to Art. 53 LR Full year Ad hoc announcement pursuant to Art. 53 LR Novartis is a global healthcare company
7. Dr. Reddy's Laboratories Ltd
Dr. Reddy's Laboratories Ltd founded in 1984, with its headquarters in Hyderabad India.With businesses in over 50 countries. 2022 — Reddy's Laboratories Ltd and Cipla Ltd beat Aurobindo Pharma to become the country's second and third biggest drugmakers by sales
8. Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries Limited founded in 1983, with its headquarters in Goregaon, Mumbai India. Sun Pharma is the fourth largest global specialty generic pharmaceutical company with a presence in more than 100 countries
*Definition- iodine, is a mineral that is naturally occurring in soil and marine environments. Plants-based food and saltwater contain iodine and this mineral is available in the iodized form.
