Business Medical Dialogues
    • facebook
    • twitter
    Login Register
    • facebook
    • twitter
    Login Register
    • Medical Dialogues
    • Speciality Dialogues
    • Education Dialogues
    • Medical Jobs
    • Medical Matrimony
    • MD Brand Connect
    Business Medical Dialogues
    • News
        • Financial Results
        • Hospitals & Diagnostics
        • IT / Health Venture
        • Implants / Devices
        • Insurance
        • Key Movement
        • Pharmaceuticals
        • Policy
        • Technology
        • pharma-news
    • blog
    LoginRegister
    Business Medical Dialogues
    LoginRegister
    • Home
    • News
      • Financial Results
      • Hospitals & Diagnostics
      • IT / Health Venture
      • Implants / Devices
      • Insurance
      • Key Movement
      • Pharmaceuticals
      • Policy
      • Technology
      • pharma-news
    • blog
    • Home
    • Latest News
    • India's pharma...

    India's pharma industry expected to grow to $55 bn by 2020

    Written by savita thakur thakur Published On 2016-07-04T14:21:13+05:30  |  Updated On 4 July 2016 2:21 PM IST
    Indias pharma industry expected to grow to $55 bn by 2020

    New York : India's rapidly growing pharmaceutical market is expected to grow to $55 billion by 2020 and emerge as the sixth largest globally by size, said Indian Ambassador to the US Arun Singh.


    Formally inaugurating the 34th annual convention of the American Association of Physicians of Indian Origin (AAPI) here, he outlined the rapid growth of the health sector in India, particularly in pharmaceuticals.


    He said that the Indian sector had a competitive edge over others because its productions costs were significantly lower than that of the US and almost half that of Europe.


    "Branded generics dominate the pharmaceuticals market, constituting nearly 70 to 80 per cent of the market," Singh said. "India is the largest provider of generic drugs globally with the Indian generics accounting for 20 per cent of global exports in terms of volume."


    Praising the work of Indian doctors in the US who are estimated to number about 80,000, the envoy said: "You have excelled in your fields of medicine, and thus make significant contributions through hard work, commitment and dedication to your profession and the people you are committed to serve."


    Speaking at a business session at the convention, New York Republican Congressman Lee Zeldin, said Indian doctors are known around the world for their compassion, passion for patient care, research, and leadership. "Indian Americans constitute about one per cent of the country's population, but you account for nine per cent of the American doctors and physicians, serving one out of seven patients being treated across the nation," Zeldin said.


    He called Prime Minister Narendra Modi's address to the US Congress last month inspiring and asserted that Modi's leadership was steering the world's largest democracy to new heights.


    At the inauguration, Prasad Srinivasan, a Republican Connecticut state legislator, gave the 1,500 fellow doctors at the convention tips on aspiring to public offices, saying they should work with dedication on public causes and stay focused on their mission and profession.


    "We have the choice to be at the table or on the table," said Prasad, who is serving his third term as a State Representative. "Given our heritage, we the Indian Americans belong at the table. Get actively involved in the affairs of the local community and that's the path to larger role in the nation."


    AAPI President Seema Jain said the profession must prepare for the challenges faced by profession on the cusp of monumental changes and her organisation was helping ready them for it.


    "The Future is now," she said. "Its time to step up to a new era of innovation through a new age of digital health care that transcends biological and chemical medicine into the future. As physicians we must be equipped to tackle the next generation's unique set of challenges and opportunities in health care."

    AAPIAmerican Association of Physicians of Indian OriginArun Singhexpectedhealth sector in indiaIndia Pharma IndustryIndian doctorsIndian genericsNarendra ModiPrasad Srinivasan
    Source : IANS

    Disclaimer: This site is primarily intended for healthcare professionals. Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription. Use of this site is subject to our terms of use, privacy policy, advertisement policy. © 2020 Minerva Medical Treatment Pvt Ltd

    savita thakur thakur
    savita thakur thakur
      Show Full Article
      Next Story
      Similar Posts
      NO DATA FOUND

      Popular Stories

      • Email: info@medicaldialogues.in
      • Phone: 011 - 4372 0751

      Website Last Updated On : 13 Oct 2022 5:14 AM GMT
      Company
      • About Us
      • Contact Us
      • Our Team
      • Reach our Editor
      • Feedback
      • Submit Article
      Ads & Legal
      • Advertise
      • Advertise Policy
      • Terms and Conditions
      • Privacy Policy
      • Editorial Policy
      • Comments Policy
      • Disclamier
      Medical Dialogues is health news portal designed to update medical and healthcare professionals but does not limit/block other interested parties from accessing our general health content. The health content on Medical Dialogues and its subdomains is created and/or edited by our expert team, that includes doctors, healthcare researchers and scientific writers, who review all medical information to keep them in line with the latest evidence-based medical information and accepted health guidelines by established medical organisations of the world.

      Any content/information on this website does not replace the advice of medical and/or health professionals and should not be construed as medical/diagnostic advice/endorsement or prescription.Use of this site is subject to our terms of use, privacy policy, advertisement policy. You can check out disclaimers here. © 2025 Minerva Medical Treatment Pvt Ltd

      © 2025 - Medical Dialogues. All Rights Reserved.
      Powered By: Hocalwire
      X
      We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by continuing to use our site. To know more, see our Cookie Policy and Cookie Settings.Ok