Drugs & Pharmaceuticals
Indian pharmaceutical sector industry supplies over 50 per cent of global demand for various vaccines, 40 per cent of generic demand in the US and 25 per cent of all medicine in UK. Indian pharmaceuticals market is expected to touch USD 55 billion by 2020, growing at a compound annual growth rate (CAGR) of 15.92 per cent. By 2020, India is likely to be among the top three pharmaceutical markets by incremental growth and sixth largest market globally in absolute size.The modern pharmaceutical industry traces its roots to two sources. The first of these were local apothecaries that expanded from their traditional role distributing botanical drugs such as morphine and quinine to wholesale manufacture . We at India Project News.in bring out the latest upcoming projects in Bulk / Basic Drugs, Formulations & Nutraceuticals under Drugs & Pharmaceutical Industry.