Pain Point To Gaining Brownie Points: Technology Is A Game Changer For Indian Pharma Sector

The Indian pharmaceutical industry has come a long way from traditional home-made herbal medicines to being the manufacturer of world class life-saving drugs. However, at the helm of game-changing innovations steering this industry to a whole new level is the implementation of technology.

- 

While providing proper healthcare facilities to the masses in a diverse country like India is a daunting task, it is heartening to note that in spite of challenges, the Indian healthcare industry is constantly moving ahead neck-to-neck alongside the pharmaceutical industry and other allied industries. To support the healthcare needs of a country that has over a billion people, and in helping it realize the vision of universal access to healthcare, the pharma sector forms a major part of the ecosystem.

India has become a crucial destination for manufacture and export of both branded and generic medicines. The Indian pharmaceutical market is projected to cross USD 100 billion by 2025, hence emerging as one of the largest pharmaceutical markets globally. Over the years, the pharma industry in our country has been changing and evolving; but in recent years, with unprecedented thrust on technological advancements and innovation, the pharma sector is growing in a fast track mode.

Overview of Current Challenges of Pharmaceutical Industry in India