The Pharma Industry in India
The pharmaceutical industry includes the manufacture, extraction, processing, purification, packaging and marketing of drugs to be used as medication for humans or animals. Pharmaceutical manufacturing is divided into two major stages.
- The first stage, which is typically referred to as primary processing or manufacture, is the production of the active ingredient or drug. (Formulation of drug)
- The second stage, secondary processing, is the conversion of the active drugs into products suitable for administration.
The Indian Pharmaceutical industry:
The Indian Pharma Industry, which is a highly organized sector, is estimated to be worth $ 4.5 billion, growing at about 8 to 9 percent annually. India’s pharmaceutical industry is the 3rd largest in the world in terms of volume and 14th in terms of value.
The “organized” sector of India’s pharmaceutical industry consists of 250 to 300 companies,
Which account for 70 percent of products on the market of which the top 10 companies (Cipla, Ranbaxy, Dr. Reddy’s Laboratories, Lupin, Nicolas Piramal, Aurobindo Pharma, Cadila Pharmaceuticals, Sun Pharma, Wockhardt Ltd. and Aventis Pharma) represent 30 percent.
Future of Pharma Industry in India:
A report “India Pharma 2020: Propelling access and acceptance, realizing true potential" stated that by the year 2020 the Indian Pharma industry would reach a value of 55 – 70 Billion US$.
The sale of all types of pharmaceutical drugs and medicines in the country valued at US$ 9.61 billion in 2009, which is expected to reach around US$ 19.22 billion by 2012. Hence India would best serve as an experimental & research centre for clinical trials.
“Pharma Boom” is thus giving an immense scope for Pharmaceutical recruitment
Most pharmaceutical companies struggle to find and retain talented human resources.
But in India, talent pool is readily available. Therefore, majority of Pharmaceutical giants of the world are setting up their branches in India. This decade is bound to have an ever growing demand of pharmacy professionals not only in the country, but even globally. Pharmacy Education can be pursued system After 12th Science of State Board one can opt for any of the two courses, namely D.Pharm which is a two year course or a B.Pharm which is a 4 year graduation course. However the Diploma Students can opt for graduation course directly in Second Year of B.Pharm. However, in the coming years the Government & Pharmacy Council of India is planning to abolish the D.Pharm course and make B.Pharm as essential qualification for any individual to become a pharmacy professional.
The various fields a pharmacy professional can opt for:
- Production & Manufacturing
- Research & Development
- Analysis & Testing
- Pharmacy Stores
- Regulatory Affairs
As the Pharma industry is reaching untouched peaks in this decade, career in pharmacy is full of opportunities leading to a golden future. The job opportunities, working conditions, job satisfaction and monetary benefits are excellent, but only if it’s your field of interest and choice.
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