Indian pharmaceutical industry
When we start a discussion about Indian pharma, we must know the current top 10 pharmaceutical companies. The pharmaceutical market of India is one of the best performing industries that provides lucrative opportunities in terms of business. It has endured incredible growth in the last few years.
The development, sanction and marketing of all new medications mainly result in high growth in the Indian Pharmaceutical industry. Moreover, the aging population is an important market growth driver as they show more complicated issues and use more medicines per capita. In this article, we are going to know about top 10 pharmaceutical companies in India.
Where is the Indian pharma sector headed?
India is third most significant supplier of generic medicines globally and holds a market share of 20% and 3.5% of the total pharmaceutical exports. India’s domestic pharma market is estimated at around US$ 42 billion in the year 2021 and is estimated to exceed US$ 65 billion by the year 2024.
Indian pharma sector is Leading the post-pandemic world
This pandemic has led to a rise in the healthcare centers and vaccines, for which India’s supply of medicines and vaccines to other countries started rising. Currently, Indian Pharmaceutical companies supply around 80% of the antiretroviral drugs used worldwide to tackle AIDS.
Top 10 pharmaceutical companies in India
Here is the list of some of the top 10 pharmaceutical companies that manufacture standard pharmaceutical products in India and rule the pharma sector.
- Sun Pharmaceutical Industries Ltd: It is an Indian multinational pharmaceutical company that started in 1983. Its headquarter is in Mumbai, Maharashtra. It manufactures and sells chronic and acute therapies consisting of API, ARvs, OTC and several other generic drugs in India and the USA. They sell about 30 billion doses of therapeutic segments each year, including neurology, cardiology, gastroenterology, oncology, diabetology, anti-infective, and others. Revenue of this company on the day this article is published 39,576 crores INR.
- Aurobindo Pharma: It is a renowned pharmaceutical firm with headquarters in Hyderabad. They provide generic API and pharmaceuticals. The company was started in 1986 with one unit of semi-synthetic penicillin in Puducherry. Now it supplies over 125 countries and has its production, research and development units. The company has high demand in the market because of supplying premium quality products. Revenue of this company as of today is 23,290 crores INR.
- Cipla: It is a multinational pharmaceutical company that provides generic medicines for curing medical conditions such as respiratory, weight control, diabetes and many more. Cipla was started in the year 1935 in Mumbai. It offers a wide variety of medicines and is the biggest manufacturer of antiretroviral drugs at the global level. It has 34 manufacturing units in India and 80 outside countries. They supply more than 2000 formulations and among the top 10 pharmaceutical companies. Revenue of this company on the day this article is published 21,760 crores INR.
- Reddy’s Laboratories Ltd: It is an Italy-based multinational company that was established in the year 1984. Its headquarter is located in Hyderabad, Telangana. It manufactures and sells various pharmaceutical formulations, OTC drugs, generic drugs and 60 active pharmaceutical ingredients for drug manufacturers. Revenue of this company as of today is 17,460 crores INR.
- Lupin Limited: It is one of the biggest pharmaceutical companies in India that provides products such as generic drugs, APIs, and Biotechnological products. It primarily focuses on areas like anti-tuberculosis, diabetology, anti-effective and pediatrics. Its headquarter is located in Mumbai, Maharashtra, with manufacturing unit in India, the United States, Japan, Mexico and the United States. Revenue is 15,299.25 crores INR.
- Zydus Cadila Ltd: It is one of the oldest companies in the Indian Market and one of the biggest manufacturers in pharmaceutical products, herbal products, OTC products, Diagnostics and skincare products. It was established in 1952, and its headquarters is in Ahmedabad. Revenue of this company as of today is 15,139 crores INR.
- Alkem Laboratories: It’s a pharmaceutical company that sells premium quality generic products, nutraceuticals, APIs etc., to over 50 countries worldwide. It has 21 manufacturing units in various countries, and its headquarters is in Mumbai, Maharashtra. Revenue of this company as of today is 10,634.1 crores INR.
- Divi’s Laboratories LTD: It is counted among the top pharmaceutical companies in India because of its product quality. It produces and sells API, nutraceutical ingredients and intermediates. Its headquarter is in Hyderabad, Telangana and consists of three manufacturing units. It exports its products to the USA, South Africa, Philippines and Australia. Revenue of this company as of today is 9,073 crores INR.
- Torrent Pharmaceuticals: It’s a top pharmaceutical company owned by the Torrent group, established in 1959, and its headquarters is in Ahmedabad. They are known to provide premium quality products at the best prices. It is a multinational company registered in over 40 countries and is indexed in therapeutic areas of cardiovascular, central nervous system, anti-infective, oncology etc. Revenue is 8,510 crores INR.
- Abbott India is the most significant and oldest multinational pharmaceutical company in India. It is the associate of Abbott Laboratories of the United States. Its headquarter is in Mumbai, Maharashtra. It provides pharmaceutical drugs and various therapeutics that integrate neurology, gastroenterology, urology, vitamin, etc. Revenue of this company on the day this article is published 4,996 crores INR.
Conclusion
So, these are the top 10 pharmaceutical companies in India that significantly contribute to the healthcare sector. This contribution has helped India to play an essential role in the healthcare sector around the globe.
