A Study on Review of Pharmaceutical Market in Indian Context


  • Shubham Bhaskar Sonwane 1st Year Student, M. Pharma (Pharmaceutics), SSR College of Pharmacy, Silvassa, Permanently Affiliated to SPPU, Pune, India
  • Dr. Rajesh Kumar Pandey Associate Professor, SSR IMR, Silvassa, Permanently Affiliated to SPPU, Pune, India




pharmaceutical market, pharmacy, pharma industry


The Indian Pharmaceutical Industry has undergone significant evolution since the country's independence, transforming from a largely import-dependent sector to one of the largest and most dynamic in the world. This evolution has been shaped by various factors, including changes in patent laws, government regulations, and global market dynamics. Today, India stands as a global leader in generic drug manufacturing and exports, with a robust domestic market and a growing presence in international markets. This article provides a comprehensive overview of the historical background, evolution, current scenario, and future prospects of the Indian pharmaceutical industry. It examines key trends, challenges, and opportunities facing the industry, along with the major players driving its growth and innovation. The Researchers aim to study the dynamics of Indian Pharmaceutical market. The study further aims to review the current scenario of Indian Pharma market and to understand the future prospects. The study encompasses the general review of the Pharmaceutical Industry in Indian context. The inferences gathered are indicative in nature rather than exhaustive.


Download data is not yet available.


(2022). Retrieved from www.moneycontrol.com.

(2023, Sept). Retrieved from www.investindia.gov.in.

(2024). Retrieved from www.taxmanagementindia.com: https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=6854#top.

(2024, April). Retrieved from en.wikipedia.org: https://en.wikipedia.org/wiki/List_of_exports_of_India.

(2024). Retrieved from www.statista.com: https://www.statista.com/topics/5456/pharmaceuticals-in-india/#topicOverview.

(2024). Retrieved from www.ibef.org/industry: https://www.ibef.org/industry/pharmaceutical-india.

Akhtar, G. (2013, July). Indian pharmaceutical industry: an overview. IOSR journal of Humanities and Social Science, 13.

Chitra M, K. N. (2020). Pharmaceutical market structure in India & competition concerns. Shanlax Int J Arts Sci Humanit., 8.

Festa G, K. A. (2021). Envisioning the challenges of the pharmaceutical sector in the Indian health-care industry: A scenario analysis. Journal of Business & Industrial Marketing, 74.

Ramachandran PK, R. B. (1972 ). The pharmaceutical industry in India. Economic and Political Weekly, 36.

Ravishankar B, S. V. (2007). Indian systems of medicine: A brief profile. African Journal of Traditional, Complementary and Alternative Medicines, 37.



How to Cite

Shubham Bhaskar Sonwane, & Dr. Rajesh Kumar Pandey. (2024). A Study on Review of Pharmaceutical Market in Indian Context. Applied Science and Biotechnology Journal for Advanced Research, 3(2), 26–33. https://doi.org/10.5281/zenodo.11026216