Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Pharmaceutical 2019-05-08

Indian Pharmaceutical Brands Target the Chinese Market for Increasing the Demand of Generic Drugs

Recently, Alembic Pharmaceuticals Limited announced a joint venture (JV) in order to explore the opportunities lying within the Chinese market.

By Features Writer
Indian Pharmaceutical Brands Target the Chinese Market for Increasing the Demand of Generic Drugs

India’s pharmaceutical market is among the largest industries, globally. Ranking 3rd in terms of volume and 14th in terms of value, the Indian pharmaceutical industry has a great potential for investors that are looking to establish their career in this particular segment.

Also, India is the largest generic drugs’ provider globally, supplying over 50 percent of the global demand for various vaccines. While 25 percent of all medicines in the United Kingdom are provided by India, the United States witnesses 40 percent of generic demands from India.

India: A Major Player in the Global Pharmaceutical Industry

The Indian pharmaceutical industry holds a great position among the different firms available globally. India’s large pool of healthcare doctors, scientists, and engineers carry great potential to grow the industry towards a more lucrative destination. In fact, they already are successful in steering the industry ahead to a much higher level than say a decade ago.

According to IBEF, the country’s pharmaceutical industry is all set to expand at a CAGR of 22.4 percent to reach US$ 55 billion by 2020. India’s pharmaceutical exports stood at US$ 17.27 billion in FY18 and have reached US$ 15.52 billion in FY19 (up to January 2019).

Entering the Chinese Market

Recently, Alembic Pharmaceuticals Limited announced a joint venture (JV) in order to explore the opportunities lying within the Chinese market. The Vadodara based pharmaceutical brand will be targeting the world’s second largest single country drug market after the United States.

Perhaps, this is not the first time when an Indian brand is willing to explore the Chinese market. Players like Dr Reddy’s Laboratories already have their presence in China, whereas firms like Cipla and Sun Pharma are constantly testing the waters.

Utilising the Increasing Demand for Generic Drugs in China

The Chinese market is a massive but tough territory for establishing a business. It accounts a total worth of around $100 billion, which is a huge market to crack, especially if you are expanding internationally.

The Chinese market has shown signs of ease in the recent time, which has therefore opened the gate of opportunities for players catering to the Indian generic drug industry. This changing scenario of the Chinese market is allowing generic drug players to invade the industry in order to expand their businesses within the Chinese region.

Commercialising the Products in China

For taking and promoting their generic drugs, pharmaceutical products, and services to the Chinese market, Alembic Pharmaceuticals has signed a joint venture with China and Adia Pharma Co Ltd, SPH SINE Pharmaceutical Laboratories Co Ltd, and China (Adia).

The company in a filing stated, “The JV will initially launch with a portfolio of oral solids and is expected to widen to other areas like injectable, ophthalmology, dermatology & oncology which are being currently developed and manufactured by Alembic.”

 

Comment
image
image
image
image
Related opportunities
  • Bike Reselling
    About Us: Introducing your very own Pre-owned two-wheeler destination. Now get rid..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Mighty Bites , a place where fried fun resides,..
    Locations looking for expansion Karnataka
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Courier & Delivery
    About US. World Health Care Mart Is a Leading Teleshopping..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
  • Pizzeria
    Own the American Dream In India with U.S.Pizza! About Us: Since its..
    Locations looking for expansion Karnataka
    Establishment year 1998
    Franchising Launch Date 2002
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts