Why Is India Called The Pharmacy Of The World?
- Tony Dean
India’s thriving pharmaceutical industry, which is often referred to as the “pharmacy of the world,” is a leading source of ground-breaking innovation. This is especially true when it comes to providing countries with the greatest need for these medicines at prices that are affordable to the people in those countries.
Who is known as the pharmacy of the world?
On Thursday, Prime Minister Narendra Modi stated that the worldwide confidence won by the Indian healthcare industry has led to the nation of India being nicknamed the “pharmacy of the world” in recent times. This statement was made in reference to recent events.
Why is India pharmacy of the world Upsc?
Introduction: India is frequently referred to as the “Pharmacy of the World” due to the fact that it is the largest source of generic medications worldwide. When measured in terms of volume, the pharmaceuticals market in India is the third biggest in the world, while when measured in terms of value, it is the thirteenth largest.
Which country is No 1 in pharmacy?
Which country has the highest pharmaceutical industry?
In 2020, the pharmaceutical market in the United States was the largest in the world, accounting for around 46 percent of total sales worldwide. With an eight percent share of total sales, China has firmly established itself as the world’s second-largest market (altough the statistic shows the hospital market only for China).
Who is the father of Indian pharmacy?
He is known as the “founder of Indian pharmacy education.” Mahadeva Lal Schroff
What is pharma industry in India?
The pharmaceutical industry in India is the third biggest in the world when measured in terms of volume and the fourteenth largest when measured in terms of value. For the year 2019-2020, the total annual turnover of pharmaceuticals was calculated to be Rs.2,89,998 crore. The combined value of all pharmaceutical exports and imports was 1,46,260 crore Indian rupees in 2018.
Why is the pharmaceutical industry in western India?
In India, the pharmaceutical business is among the most well organized of all of the country’s industries. This industry is crucial to the promotion and maintenance of progress in the field of global medicine, and its importance cannot be overstated. In terms of volume, it holds the third spot at the globe, while value places it in the fourteenth spot.
- Because it is a footloose business, the pharmaceutical industry can be put and positioned at any area without having any impact on the production variables of resources, land, labor, capital, or enterprise.
- There is processing of items that neither add nor subtract weight, and these products have high transportation expenses.
There are a variety of potential explanations for why this industry is so prevalent in the Western area, some of which include: Many investments from other nations have been drawn in as a result of government measures such as opening up the foreign direct investment market to up to 100%. The Indian Patents Act of 1970, with its robust protection of intellectual property rights, has been of great assistance to the industries in maintaining their loyal customer base.
- The Supreme Court’s decisions on Evergreening (Section 3(d)) (Novartis v.
- Union of India.) and Compulsory licensing (Section 84) (Bayer Pharma vs UoI.) have increased the confidence of the Indian pharmaceutical industries in their ability to compete with the multinational corporations that are based outside of India.
Over the course of the past quarter century, there has been an explosion of interest in biotechnology. State Industrial Policies Favorable state policies, such as stable policies of the state government, supply of infrastructure, easy availability of land, Special Economic Zones (SEZs), and power, and the like, all contribute to an environment that makes it easier to conduct business.
- Proximity to petrochemical centers, which are the source of the raw materials, is essential.
- Raw Materials Example: Jamnagar, Gujarat; Bombay high, Maharashtra.
- Access to Capital: Historically speaking, the western region of India has been the center of both commercial and financial activity.
- Location close to ports makes exporting goods to other countries in Africa, Europe, and other regions more simpler.
Example: Kandla, JNPT, Navasheva. In addition, the ports facilitate the importation of raw materials that are necessary for the production of pharmaceuticals. Ports are leading the way in the development of coastal areas, thanks in large part to initiatives taken by the government like as SagarMala.
- Proximity to markets: The domestic market in India is a significant and large market.
- There has been a further strengthening of efforts in India to encourage the use of generic pharmaceuticals.
- For a significant amount of time, the African market has been an important one for India’s generic drug industry when it comes to worldwide markets.
The relocation of pharmaceutical manufacturing to the west coast has the effect of lowering the cost of shipping to countries in Africa and Europe. The spirit of entrepreneurship, readily available infrastructure, and low-cost labor were all historical aspects that contributed.
Despite this, there are still questions that need to be answered. The Indian pharmaceutical industry is overly dependent on Chinese suppliers, since it imports over 80 percent of its Active Pharmaceutical Ingredients (API) from China. The active pharmaceutical ingredient is the fundamental component of medications.
There is a lurking threat that, if it materializes, might bring the pharmaceutical industries in India to a grinding halt. This threat is caused by global trade disputes as well as faltering bilateral ties. Concerns about compliance and the application of good manufacturing practices: Increasing the global market’s level of competition has been a challenge for many countries.
- WTO Sanitary and Phyto-Sanitary (SPS) barriers are being erected by China and the United States against generic pharmaceuticals.
- There is still a concern with the selective targeting done by the Chinese Drug Regulators and the United States Food and Drug Administration.
- Drug Price Control Order: The corporations claim that the reforms that the government has implemented for the necessary medications have led to a reduction in the price of the pharmaceuticals that they sell.
The government has taken these measures in order to improve the lives of the general population. More stringent intellectual property regulations: Intellectual property regulation has long been a sore spot for businesses, particularly international businesses.
- The businesses have a strong conviction that the laws need to be changed, and the so-called victims of the relaxed restrictions have been the new international competitors.
- The Path Forward: Investing in research and development to lessen our reliance on suppliers from other nations for raw materials combating unfair business practices through the use of international organizations such as the WTO.
It’s possible that providing funding to the pharmaceutical corporations is the way to go forward. The government established the IPR Think Tank in order to formulate more robust national IP policies. Even while the aforementioned reasons may be used to explain the development of pharmaceutical industry in the western area, many of these characteristics can also be found in other locations around the country (Bangalore, NCR region etc.).
How many pharmaceutical companies are there in India?
The pharmaceutical industry in India: a recipe for success The sector of the pharmaceutical industry that is located in India plays a significant part in the international sector of the pharmaceutical industry. India is ranked third in the world for output in terms of volume and fourteenth for production in terms of value.
The country is the world’s leading producer of vaccines and holds the title of greatest provider of generic pharmaceuticals. Its part in the worldwide supply of generic medications is for 20% of the total volume. In addition to this, India is home to more than 3,000 pharmaceutical businesses, a robust network of over 10,500 manufacturing facilities, and a highly qualified talent pool.
India also has the biggest number of pharmaceutical plants that comply with US-FDA regulations outside of the United States. There are 60,000 different generic brands available from India’s pharmaceutical business, which are categorized into 60 different therapeutic areas.
Generic medications, over-the-counter medicines, API/bulk drugs, vaccines, contract research and manufacturing, biosimilars, and biologics are some of the major areas of the pharmaceutical industry. Incentives to the tune of INR 21,940 Crore ($3 Million) have been given the go-ahead. Anticipated to reach $65 billion by the year 2024 and around $120–130 billion by the year 2030 10-12% Annual Growth Rate The cost of production is approximately 33 percent less than that of western markets.
rise in exports of 18.7 percent year over year After Japan, China, and South Korea, India has the fourth biggest market for medical devices in all of Asia. Additionally, India is one of the top 20 markets for medical devices in the whole globe. Indian pharmaceutical firms have made their mark over the world because to the price competitiveness and high quality of their products.
- Indian pharmaceutical companies are responsible for producing sixty percent of the world’s vaccines and twenty percent of its generic medications.
- Under the automatic route for greenfield pharmaceuticals, there is no limit on the amount of foreign direct investment (FDI) that can be made in the pharmaceutical industry.100% foreign direct investment is permitted in the pharmaceutical industry for brownfield medicines.
Of this total, 74% may be invested using the automated approach, while the remaining 26% may be invested via the government approval route. Please refer to the FDI Policy for any more information. Percentage of all exported pharmaceuticals that are generic (global) The value of exports in $ Bn (FY 21-22) % Year-over-Year Increase in Exports (FY21) $ Billion in FDI (April 2000- March 2022) World’s largest manufacturer and exporter of generic pharmaceuticals World’s largest manufacturer and exporter of vaccines
Who is India’s biggest pharma exporter?
Formulations: India is widely recognized around the world as a producer of generic pharmaceuticals of a very high standard. The majority of India’s largest pharmaceutical businesses are among the largest generic drug manufacturers and exporters in the world.
- These companies also manufacture and export generic medicines.
- Among these businesses is Sun Pharma, which is not only the largest pharmaceutical firm in India but also the fourth largest speciality generics pharmaceutical company in the whole globe.
- Another prominent Indian pharmaceutical business, Cipla, is well-known for its pioneering work in the production and distribution of low-cost generic HIV/AIDS medications to underdeveloped nations.
According to prescriptions filled, Lupin Pharmaceuticals is the third biggest pharmaceutical firm in the United States as of the year 2021.
Which country sells most drugs?
Exports from the Pharmaceutical Industry
|#||44 Countries||Million US Dollars|
|3||#3 United States||57,471.36|
Which is the No 1 pharma company in India?
Established in 1983 Dilip Shanghvi is the proprietor. The headquarters are located in Goregaon, Mumbai. Revenue: $4.7 billion (FY20) – In the year 2020, Sun Pharmaceutical Industries had sales of $4.7 billion. It is one of the most successful and well-known multinational pharmaceutical companies in India.
- The year 1983 marked the beginning of operations for Sun Pharma. Mr.
- Dilip Shanghvi, who is also the Managing Director of Sun Pharmaceuticals, is the one who initially conceptualized the idea.
- The firm launched a line of items designed to address various mental health conditions.
- Now, in addition to medicinal, gastrointestinal, and diabetology formulations, the firm now provides other options.
According to the company’s entire income, Sun Pharmaceutical Industries is the most successful pharmaceutical business in India. The business ranks as the fourth largest global specialty generic pharmaceutical firm in the world. Additionally, it offers for sale anti-cancer medications such as carbamazepine, etodolac, and clorazepate in addition to restricted drugs, steroids, peptides, and sex hormones.
Who is the father of pharmacy in world?
Benjamin Franklin is credited for assisting in the establishment of both the first public hospital and the first hospital pharmacy, in addition to his other significant contributions to society. Benjamin Franklin was a founding father who was also a scientist, printer, and inventor.
- His impact can be found in practically every field, including pharmacy and public health.
- In addition to his well-known inventions and experiments, Benjamin Franklin had a significant role in the establishment of the first public hospital in the United States as well as the first hospital pharmacy, which at the time was referred to as the hospital apothecary.
One of Benjamin Franklin’s many contributions to the community was the establishment of Philadelphia Hospital, which was made feasible because to his political and commercial savvy. Between the years 1730 and 1776, ships loaded with commercial goods flooded Philadelphia’s ports.
- However, the inflow of people on those ships made Philadelphia the city with the quickest rate of population growth among the 13 colonies.
- The influx of individuals caused a rise in the proportion of the city’s population that was either elderly, mentally ill, or otherwise ailing.
- Thomas Bond, a longtime friend of Benjamin Franklin and a physician, is credited with conceiving the concept for a public hospital as a result of his experiences at Hotel-Dieu, a renowned institution located in Paris.
Dr. Bond’s attempts to secure public support for a hospital in Philadelphia were received with an unified reaction, despite the fact that the notion was original for the colonies: Benjamin Franklin had an opinion about the idea, but what was it? According to the website for the hospital, Dr.
Bond had the opinion that Franklin would not be interested in the concept, which is the reason why Franklin was not first asked about it. In the end, Franklin’s backing was sufficient to sway public opinion, and he assembled a citizen’s petition advocating in favor of constructing the hospital to deliver to the Pennsylvania Assembly.
Franklin was the first president of the United States. Within three weeks of receiving the petition, the Assembly submitted a measure to build the hospital; however, Franklin would once again step in to preserve the proposal from critics. Rural assembly members were skeptical of the hospital because they believed it would mostly serve people living in the metropolis.
- Franklin responded by promising to raise more than two hundred pounds through private donations, which the Assembly would then match.
- Franklin’s proposal was accepted.
- The hospital was granted its charter in 1751, and in 1755, after having been temporarily located at the home of a member of the Assembly who had passed away, it opened its very first structure.
Despite the fact that it did not have a permanent facility at the time, it treated its first patient in the year 1753. The hospital, which has now changed its name to Pennsylvania Hospital, still treats patients from the greater Philadelphia region. On the website of the Independence Hall Association, it is said that the initial buildings are still standing and that they are available for excursions, both guided and unguided.
- The administrative offices of the hospital are still located in the Great Court, which once served as the location of the hospital’s pharmacy, library, and administrative offices.
- Sidebar: Contributions to Health Care Made by Benjamin Franklin That Were Years Ahead of Their Time The curious spirit of Benjamin Franklin didn’t miss anything, and one of those things was the overall health and welfare of people.
However, Franklin’s character occasionally clashed with that of his family members. According to the Independence Hall Association, his brother was the one who produced the first original newspaper in Boston and hired young Benjamin Franklin as an apprentice.
Additionally, his brother was the one who believed that the smallpox inoculation made patients worse. However, Franklin understood the need of vaccination, particularly after the death of his little son at the hands of the disease several years after he completed his apprenticeship. According to the College of Physicians of Philadelphia’s History of Vaccines Blog, he collaborated in the writing of a booklet that advocated for variolation, which consisted of the transfer of substance from a smallpox sore into a healthy person’s cut or scratch.
According to information found on a website maintained by Twin Cities Public Television, Inc., Franklin suffered from hand stiffness and pain while he worked as a printer because he used a typesetting procedure that involved the use of heated lead. Franklin was forced to move to a procedure that did not use heated lead since the same method might cause some typesetters to lose the use of their hands.
Years later, when visiting a hospital in France, Benjamin Franklin made the discovery that the majority of patients suffering from the same symptoms, known as “dry gripes” or “dry belly pain,” had worked with lead, sometimes in enormous quantities. It is generally agreed that his observations represent one of the early linkages between lead exposure and health consequences.
According to the same source, the belief that prevailed in the 18th century said that the spread of the common cold was due to moist clothing and damp weather. Franklin spent his childhood in a port city and then moved to another port city, during which time he observed that sailors in those towns had a natural resistance to the common cold, despite spending the majority of their days in wet clothing and in environments with high humidity.
After giving it some thought for a number of years, he came to the following conclusion: “People commonly acquire cold from one another when pent up together in little close quarters, coaches, and the like, and while sitting near and speaking so as to breathe in each other’s perspiration.” Franklin, who was already well-known as an inventor, designed a flexible urinary catheter, a change from the rigid and excruciating catheters that were available at the time.
He did this in order to alleviate the misery that his brother John had as a result of kidney stones. Sidebar: Parallels Between Pharmacy in the Past and the Present Despite the fact that colonial pharmacists, who were also known as apothecaries or druggists, worked in very different environments than the majority of modern pharmacists, they encountered challenges that were comparable to those experienced in modern practice.
- Residencies In the 18th century, receiving accommodation and board in return for working as a pharmacy resident was analogous to receiving a scholarship.
- However, the residents themselves did not necessarily have to be pharmacists.
- An article that details the history of Philadelphia Hospital states that the students who worked in the apothecary may be studying medicine or surgery rather than primarily pharmacy.
During that historical period, the fields of medicine and pharmacy were entwined in such a way that pharmacists had the same abilities as physicians in terms of evaluating patients, making diagnoses, writing prescriptions, and preparing medications. Compounding During the time period of the colonial era, all medicines were prepared by compounding their raw ingredients, regardless of whether those ingredients were harvested from the immediate region or brought from Europe.
Patients who lived in less densely populated regions were more likely to acquire compounded drugs from a physician or a physician’s apprentice, despite the fact that apothecaries in metropolitan areas may function as the retail pharmacy for such areas. Counseling Colonial pharmacists played a complex job that was centered on advising patients, just like pharmacists do today.
According to the website for Colonial Williamsburg, there was a lack of boundary between the domain of the pharmacist and the profession of the physician, which meant that pharmacists were able to make home calls. Due to the fact that they are the “all-service” providers of medical treatment, it was sometimes necessary for pharmacists to carry out surgical procedures or serve as midwives during labor and delivery.
- Because of the high cost of health care in colonial times, people frequently turned to home-based folk cures and folk medicine as their primary source of treatment.
- Drug Shortages Although some cures may have utilized local flora or other components, the medicines that were used at the nation’s first hospital pharmacy were acquired from England.
This pharmacy was located at Philadelphia Hospital. The beginning of the American Revolution resulted in the cessation of shipping with England, which led to the closing of the avenues through which people obtained pharmaceuticals. As a consequence of this, the hospital apothecaries probably had to deal with medicine shortages while they searched for different treatments or new sources of supply.
Who is regarded as father of pharmacy?
On the occasion of Father’s Day, we would like to pay tribute to William Procter, Jr., who is considered to be the “Father of Pharmacy.”
Who is known as first pharmacist in India?
|Born||1 March 1903 Barrackpore, North 24 Parganas, West Bengal, India|
|Died||30 July 1979 (aged 76)|
|Alma mater||University of Michigan|
|Occupation||Pharmacologist, Orthopedic surgeon|
Who discovered pharmacy?
The History of Medicine in Texas The history of medicine in Texas closely parallels the history of medicine across the New World. The History of Pharmacy in Texas It is believed that the Spanish explorer Alvar Nuez Cabeza de Vaca was one of the first Europeans to perform pharmacy and medicine in North America.