The pharmaceutical market is anticipated to surpass USD 1.5 Trillion globally by 2023. Its a great news for India, as it enjoys a key position in the pharmaceutical industry worldwide. India is the world’s largest generics supplier, accounting for 20% of global exports. It supplies more than half of global demand for different vaccines and 40% of the demand for generic products in the US. Today, we have prepared a list of the top 10 pharmaceutical companies in India to tell you more about them.
In India major pharmaceutical hubs are Hyderabad, Ahmedabad, Bangalore, Mumbai, and Visakhapatnam. The government had started to promote the development of drug manufacturing by Indian companies in the early 1960s. Let’s move forward and learn more about them one by one
Cipla is an Indian multinational pharmaceutical firm that delivers generic medicines to cure medical conditions like respiratory, diabetes, weight control, and a lot more. Cipla was started in 1935 in Mumbai. They provide a vast variety of medicines and are the largest manufacturer of antiretroviral drugs globally. The company owns 34 manufacturing units in India and 80 other countries. The company has acquired a lot of recognition in the Indian and global markets because of the highest standard quality. They supply more than 2000 formulations. The arising market regions for Cipla covers all markets outside of India, the US, South Africa, and Europe.
Sun pharmaceutical industries ltd is an Indian multinational pharmaceutical company started in 1983. Its headquarter is in Mumbai, Maharashtra. It produces and sale of chronic and acute therapies, which possess API (Active pharmaceutical ingredients), ARVs (antiretroviral), OTC (over the counter), and generic drugs in India and the US. They sell around30 billion doses of therapeutic segments every year, including neurology, neuropsychiatry, cardiology, gastroenterology, oncology, diabetology, respiratory, anti-infective, and many more.
Sun pharmaceutical is India’s first biggest pharmaceutical company and the 4th generic pharmaceutical company globally. In 2014, sun pharmaceutical obtained Ranbaxy, making it the largest pharma company in India and the US. They have over 40 manufacturing API and formulation plants in over 100 countries globally. They offer 2000+ formulations in India and other countries.
Aurobindo Pharma is a pharmaceutical firm headquartered in HITEC City, Hyderabad. They deliver generic pharmaceuticals and API. The company started in 1986 by launching one unit of semi-synthetic penicillin in Pondicherry. In 2014, the company purchased ACTAVIS, which performed generic operations in 7 Western European countries. The company supplies its products in 125 countries, and it also includes its production and research and development units. They deliver the best quality products and have massive demand in the market. Aurobindo pharma owns Aurobindo pharma, USA, Novagen pharma (pty) Ltd., AuroZymes limited, and many others.
Dr Reddy’s Laboratories Ltd is an Indian multinational pharmaceutical company established in 1984. Its headquarter is in Hyderabad, Telangana. It develops and sells active pharmaceutical formulation, generic drugs, OTC drugs, and 60 active Pharmaceutical ingredients (API) for drug producers, diagnostics kits, biotechnology products, and acute care in India and other countries. Over 10 FDA (Food and drug administration) plants manufacture API across India. Earlier, to overcome the covid-19 pandemic, they associated with the Russian direct investment fund to perform final-stage clinical trials and delivered 100 million doses of Russia’s Sputnik V vaccine for India.
Divi’s laboratories are one of the top 10 pharmaceutical companies in India. It manufactures API, intermediates, and nutraceutical ingredients. It was established in 1990. Its headquarter is in Hyderabad, Telangana. In market capitalization, it is India’s second worthwhile pharma company. The company has 3 manufacturing units in Hyderabad, Vishakhapatnam, and Kakinada and 3 research and development units in India. Divi’s laboratory exports products to Japan, the USA, Australia, South Africa, and the Philippines. Divi’s laboratories involve Divi’s laboratories (USA), Inc. and Divi’s Laboratories Europe AG.
Abbott India is the oldest and largest multinational pharma company in India. It is the associate of Abbott Laboratories of the United States. It was established in 1944 and headquartered in Mumbai, Maharashtra. The company delivers pharmaceutical drugs and offer therapeutics that incorporates neurology, women’s health, gastroenterology, anti-infective, diabetology, urology, thyroid, vitamin, etc. They manufacture 400 branded generic pharmaceuticals globally. They deliver high-quality and reliable products.
Alkem Laboratories is an Indian pharma multinational firm that sells high-quality generic pharmaceuticals, APIs, and nutraceuticals in India and more than 50 countries worldwide. The company owns 21 manufacturing units in different countries, including 19 in India and 2 in the USA. It was established in 1793 and headquartered in Mumbai, Maharashtra. It is the first anti-infective drugs provider pharmaceutical company in India that strikes 1,000 million sales in India.
Torrent pharmaceutical is one of the top 10 pharmaceutical companies in India owned by Torrent group, and it is an Indian multinational pharma firm registered in 40+ countries. The company was established in 1959 and is headquartered in Ahmedabad. They produce the best quality product at a minimum price.
Torrent Pharma is indexed in the therapeutic areas of cardiovascular, gastrointestinal, central nervous system, women’s health care, anti-infective, diabetology, oncology, gynaecology, and pain management areas. Its manufacturing plants and research Centres are all across India. The company owns 7 companies like Heumann pharma GmbH &co., generic KG, Bio-pharm, Inc., and many others.
Lupin is the biggest pharma company that delivers various products like generic drugs, biotechnology products, and APIs. The company’s primary focus areas are anti-tuberculosis, asthma, diabetology, cardiovascular, anti-effective, and paediatrics. The company was established in 1968 by manufacturing folic acid and iron tablets. After that, it started producing TB drugs which made a massive revenue for the company, and it is headquartered in Mumbai, Maharashtra. Lupin’s manufacturing units are broadened in India, Mexico, Brazil, the United States, and Japan. The company produces in over 100 countries.
Zydus Cadila is the oldest company in the Indian market and evolved as the leading manufacturer in pharmaceutical, diagnostics, herbal product OTC products, and skincare products. The company was established in 1952 and is headquartered in Ahmedabad. Zydus exist in the regulated markets of the US, Europe, South Africa, and Latin America. Over 30 manufacturing units globally include India, Brazil, and the USA.
So, these are the top 10 pharmaceutical companies in India
In this blog, we have talked about top 10 pharmaceutical companies in India. All these contribute to a larger extent in our healthcare sector. Their significant contribution made India play a pivotal role in healthcare all across the globe.
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