India Pharmaceutical Market Size & Insights
The India Pharmaceutical Market size was valued at around USD 53.29 billion in 2025 and is projected to reach USD 92.32 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 11.62% during the forecast period, i.e., 2025-30. The India Pharmaceutical Market is significantly growing due to several growth factors, including the growing burden of chronic diseases such as diabetes, cardiovascular diseases, & respiratory diseases, the rising healthcare requirements, the active government support, the rapid adoption of green and sustainable manufacturing of pharmaceutical products, etc. One of the most prominent growth factors is the rising global demand for Indian pharmaceuticals due to their affordable costs, approval by global regulators like the WHO and the USFDA. India has started to export pharmaceutical products such as drugs and vaccines to more than 200 countries, including the United States, Europe, and African countries.
What are the Key DROs in the India Pharmaceutical Market?
Rising Chronic Diseases – The pharmaceutical demand is rapidly growing due to the high severity of chronic diseases in the country, such as diabetes, cardiovascular diseases, tuberculosis, respiratory diseases, and many more. For instance, India has over 100 million individuals suffering from diabetes, while above 25% of the annual deaths in India are due to the rising cardiovascular diseases. Additionally, India has the highest tuberculosis patients globally, accounting for approximately 30% of the world’s total TB cases. For instance, in 2023, about 2.4 million new cases of TB were added in India.
What are the Key Segments in the India Pharmaceutical Market?
The India Pharmaceutical is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Product Type
- Prescription Drugs
- Over-the-counter Drugs
- Biologics & Biosimilar
- Monoclonal Antibodies
- Hormones
- Vaccines
Out of these, the prescription drugs hold the largest market share of about 70%. The dominance is due to the high prevalence of diseases that require doctors’ supervision for better treatments.
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Among these, the hospital pharmacies are dominating the market with an estimated market share of about 26%.
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By End User
- Hospitals and Clinics
- Retail Consumers
- Research & Academic Institutes
How does geographical analysis highlight in the India Pharmaceutical market?
By Region
- North
- South
- East
- West
- Central
Who are the Key Players in India Pharmaceutical Market?
- Sun Pharmaceutical Industries Ltd.
- Dr. Reddy’s Laboratories Ltd.
- Cipla Ltd.
- Lupin Ltd.
- Aurobindo Pharma Ltd.
- Zydus Lifesciences Ltd.
- Torrent Pharmaceuticals Ltd.
- Glenmark Pharmaceuticals Ltd.
- Alembic Pharmaceuticals Ltd.
- Biocon Ltd. and others.
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India Pharmaceutical Market News
- 2025: Sun Pharmaceutical Industries Ltd. launched a new drug, called Fexuclue® (Fexuprazan), in India to treat erosive esophagitis, a condition where stomach acid damages the esophagus.
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