India has a substantial contribution towards world’s pharmaceutical industry with 20 percent of the global export volume for generic medicines being supplied by the pharmaceutical exporters of the country. The sector is touted to touch 55 billion US$ by 2020, a whopping 22.4 percent up from the 20 billion US$ registered in 2015.
The pharmaceutical industry in India earns 50 per cent of the revenue from exports which stands at an estimated 16.84 billion US$ at present and forecasted to touch US$ 20 billion by 2020. Owing to the lowest manufacturing and labor cost which is almost 30-40 per cent as compared to US, Indian pharmaceutical industry is touted to rank among the top three pharmaceutical markets in the world. This growth will be largely driven by antibiotic medicine exporter in India.
Now let us take a look at some of the industry stalwarts that have helped the Indian pharmaceutical industry to reach its current status. Here is a comprehensive list of the best pharmaceutical exporter companies in India:
Sun Pharma – The Mumbai based Sun Pharmaceutical Industries Limited was established in 1983. The company specialises in Active Pharmaceuticals Ingredients (APIs), Antiretrovirals (ARVs), over-the-counter and formulations targeting major chronic medical treatments.
Cipla – Founded in 1935, Cipla is one of the biggest names in the world of biotechnology and pharmaceuticals and fourth largest in the country. It boasts of 34 pharma plants that produces APIs and formulations to treat diverse medical conditions such as diabetes, heart diseases, obesity and arthritis.
Dr. Reddy’s Labs – A multinational pharma company incepted in 1984, Dr. Reddy’s Lab has 60 APIs and 190 medications under various categories such as generic formulations, active ingredients, pharmaceutical services, propriety products and Biosimilars.
M K Medical Services – One of the largest pharmaceutical manufacturers, suppliers and exporters of medicine, M K medical Services specializes in formulation development and delivery systems.
Cadilla Healthcare – Specializing in APIs and formulations, Cadilla Healthcare is happens to be one of the oldest pharma companies to have been incepted in the year 1952. It manufactures pharma products out of the 20 state-of-the-art manufacturing units spread all over the country.
GlaxoSmithKline – The oldest and the most veteran of all pharmaceutical companies is GlaxoSmithKline. Founded in 1924, it is one of the most reputed research based health managements companies in the world that addresses diverse medical conditions ranging from anti-infectiveness to diphtheria.
Lupin – Lupin is the second largest pharmaceutical companies in India. Bases out of Mumbai, Lupin was founded in the year 1968. The pharma company focuses branded formulations, advanced drug delivery systems, Generics, APIs, biotechnology and Novel drug discovery.
Other than these brands, there are innumerable pharmaceutical companies available in India that are catering to the domestic as well as the international market with equal aplomb. To name a few – Biocon, Aurobindo Pharma and Dabur are some of the familiar brands. Also with the heavy investment in biotechnology and pharmaceuticals in India, this industry is expected to register unprecedented growth in the years to come.