Click image to zoom

Medicine Market In India

The Pharmaceutical Industry In India Was Valued At An Estimated US$42 Billion In 2021 And Is Estimated To Reach $130 Billion By 2030. As Of 2023, The Indian Pharmaceutical Industry Is The World's 13th Largest By Value And Third Largest In The World By Volume. But, According To A 2023 Survey, 27% Of Respondents Reported That Medicine Prices In India Have Increased Between 0-20%. 12% Of Respondents Reported That Prices Have Increased By More Than 50%. The Drug Pricing Authority In India Allowed A 12.1218% Price Hike For Scheduled Drugs That Are Under Price Control. This Covers More Than 800 Drugs On The National List Of Essential Medicines. The Annual Increase In Drug Prices Is Based On The Wholesale Price Index (WPI). In 2022, The WPI Was Set At 12.12%. A Recent Report Branded Generics Are Cheaper Than Patented Medicine But More Expensive Than Non-branded Generic Medicine. The Centre Has Withdrawn Its Directive Making The Prescription Of Generic Drugs Mandatory. To Ensure The Safety And Efficacy Of Medicines Indian Government The Central Drugs Standard Control Organization (CDSCO) Bans Some Medicines That Can Be Harmful Or Even Deadly. According To IMA Estimates, Less Than 0.1% Of Generic Drugs In India Are Tested For Quality. Several Medicine Pills Photos Were Taken At A Medical Shop In Tehatta, West Bengal; India On 11/12/2023.(Photo by Soumyabrata Roy/NurPhoto)

Photo Details

Photo ID	#10844176
Date Taken	11 December 2023
Location	N/A
Photographer	Soumyabrata Roy/NurPhoto
Category	Health
Copyright	© 2026 NurPhoto - Soumyabrata Roy/NurPhoto

Related Keywords

Pharmaceutical Industry India US$42 Billion $130 Billion 2030 13th Largest Third Largest Medicine Prices Price Increase Drug Pricing Authority Scheduled Drugs Price Control National List of Essential Medicines Wholesale Price Index WPI 12.12% Branded Generics Patented Medicine Non-branded Generic Medicine Generic Drugs Prescription Central Drugs Standard Control Organization CDSCO Medicine Bans Indian Medical Association IMA Quality Testing Medical Shop Tehatta West Bengal Soumyabrata Roy NurPhoto 2023 Survey 27% Respondents 12% Respondents 12.1218% Price Hike Safety and Efficacy Medicine Photos Volume.

License This Photo

Digital Basic Editorial use on digital platforms only (websites, social media). Single use, up to 1 million monthly UVs. Worldwide distribution. NO COMMERCIAL OR PROMOTIONAL USE

€35.00

Editorial Print & Digital For editorial use in print and digital publications such as newspapers, magazines, and textbooks. Single use, up to 10,000 copies or 1 million UVs. Worldwide distribution. NO COMMERCIAL OR PROMOTIONAL USE

€99.00

Broadcast (TV & Digital) For editorial use in TV production or streaming platforms. Single use, all media rights excluding theatrical, with worldwide distribution in perpetuity. NO COMMERCIAL OR PROMOTIONAL USE

€399.00

Total Price

€35.00

Secure checkout

Need a custom license?

Contact Sales