Pharmaceutical Industry Outlook and Challenges
- Credit Rating Agency in India
- Industry Report
- Pharmaceutical Industry Outlook and Challenges
Drugs and pharmaceuticals cover a wide ground. The global pharmaceutical industry includes biological, medicinal, and pharmaceutical products in various forms, such as, tablets, capsules, ampoules, ointments, powders, solutions, and suspensions. The overall pharmaceutical market is segmented into prescription-based products and over-the-counter medications. Further, it is also customarily divided into branded drugs and generic drugs. The Indian pharmaceutical sector today is beset with a variety of challenges. Pharma in India is riddled with the problems of high ‘out of pocket (oop) expenditure; pricing of patented patented drugs; prevalence of spurious medicine; shortfall in ‘healthcare manpower’ spanning pharmacists, nurses and doctors, etc.; public and government pressure to make drug prices more affordable; and inadequate health insurance schemes.