Top Pharmaceutical Export Companies in India
The Indian pharmaceutical industry is a major player in the global market, ranking third in terms of volume and thirteenth in terms of value. With a large raw material base and a talented workforce, the industry has a distinct competitive advantage. According to projections, the Indian pharmaceutical industry is expected to grow at a compound annual growth rate (CAGR) of 22.4% to touch $55 billion by 2020. This growth is mainly driven by an increase in demand for generic drugs and the country's low manufacturing costs.
One of the leading pharmaceutical companies in India is JoinHub Pharma. With its headquarters in Ahmedabad, Gujarat, JoinHub Pharma is considered one of the best pharma product exporters from India. The company offers more than 1000+ products covering all formulations and areas, including medicine, dermatology, gynaecology, and cardiology. All of its medicines are manufactured at their EU GMP certified plants in India, which comply with international standards. JoinHub's portfolio incorporates more than 1,000 products across multiple therapeutic categories, including treatments for chronic, acute, and rare conditions. With an extensive sales network, JoinHub Pharma can deliver its products to more than 100,000 suppliers every single day.
Sun Pharmaceutical Industries is another major player in the Indian pharmaceutical industry. It is India's biggest pharmaceutical company when measured by market capitalisation alone and is known for its expertise in generic drugs. Sun Pharma manufactures and sells medicines in more than 150 countries across six continents, with almost 60% of its yearly turnover coming from the US market. Its main 30 brands are listed among the top 300 pharma brands in India.
Malambi Health Care, based in Kerala, India, is a medicine provider committed to providing affordable and accessible healthcare to all, regardless of their social or economic status. The company offers a wide range of services, including medical consultations, laboratory tests, pharmacy services, and health education programs. Their mission is to improve the health and well-being of individuals and communities through quality healthcare services.
Dr Reddy's Laboratories is a global pharmaceutical company based in Hyderabad, Telangana. It sells a wide range of pharmaceutical products in India and 25 other countries through its three businesses: Global Generics and Proprietary Products, Pharmaceutical Services & Active Ingredients. The company's main focus areas are cardiovascular, diabetology, oncology, gastrointestinal, and anti-infective medications.
Aurobindo is one of the biggest vertically integrated pharmaceutical companies in India, manufacturing and selling more than 300 products in over 150 countries. Like Dr Reddy's, it is based in Hyderabad, Telangana. Aurobindo develops products for a variety of different regions, including neuroscience, gastroenterology, antiretrovirals, cardiovascular, anti-diabetics, and antibiotics. The company features among the top 10 companies in India with regards to consolidated revenues and exports to more than 110 countries, with over 70% of its income coming from overseas.
In 2018-19, pharmaceutical export from India reached $19.13 billion and is projected to grow by 30% to reach $20 billion continuously in 2020. The top importers of India's pharmaceutical products in 2018-19 were Russia, South Africa, UK, USA, and Nigeria. India is anticipated to rank amongst the top three pharmaceutical markets with regards to incremental growth by 2020 and is considered to be one of the biggest suppliers of generic medicines worldwide.
In conclusion, the Indian pharmaceutical industry is a key player in the global market, with several leading companies making their mark. JoinHub Pharma, Sun Pharmaceutical Industries, Malambi Health Care, Dr Reddy's Laboratories, and Aurobindo are some of the major players in this industry.