Indian Pharmaceutical Industry Set to Observe Tremendous Growth By the Year 2010

Released on = November 21, 2006, 9:33 pm

Press Release Author = RNCOS

Industry = Pharmaceuticals

Press Release Summary = Owing to western manufacturers' keenness to shift jobs and
tap the talented pool of professionals in India, the country is set to see
tremendous growth in pharmaceutical sector in the years to come.

Press Release Body = The Pharmaceutical industry in India is set to observe
tremendous growth, with western manufacturers seeking to shift jobs in this country
to reduce cost and to tap the skilled pool of professionals available here.

The European and US pharmaceutical markets are heading toward generics, and this
move is expected to offer enormous benefits to India. The overall Indian
Pharmaceutical market is poised to grow by 10% by the year 2010. The country stands
to gain, as it's already a generics market, and is benefiting further by Indian drug
makers, such as Ranbaxy, Reddy`s Laboratories, and Cipla to name a few.

Thanks to high priced drugs in western world, manufacturers are pressurized from
their government to control cost, and this implies that they'll have to move their
manufacturing base to India.

Growth in this country is mainly attributed to government's efforts of enforcing
intellectual property rights, strict patent regime, growing pool of skilled
professionals in this sector, and opportunities for both up and down stream
businesses.

RNCOS has recently published a report namely "World Pharmaceutical Market
(2007)\"."Extensive foray, made by the pharmaceutical companies in India, in the
fields of research and development, and innovative drug production, along with
growth in generic drugs played as a key driver in most pharmaceutical market sales."

Key Issues and Facts of World Pharmaceutical Industry analyzed in this report include:

- The emerging trends in the Global Pharmaceutical sector.
- The Key players in the Pharmaceutical market.
- Get insight into trends in market performance.
- Pinpoint growth sectors and identify factors driving change.
- Identify market and brand leaders and understand the competitive environment.
- Key Challenges and Strategies.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

For more information visit: http://www.rncos.com/Report/IM085.htm

Current Industry News: http://www.rncos.com/blog


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com

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