ECONOMY

India Pharma – Yet Another Quarter Of Double-Digit Growth For The IPM: Anand Rathi

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Once again, in July 2022 the Indian pharma market grew in double digits, 14.1% YoY, driven by volumes (6.4% YoY), price hikes (6.3%) and new products (1.5%).

On a moving annual total basis, it grew 6.7% YoY largely from price hikes (5.5%) and new products (1.1%), while volumes were flat.

Strong traction was seen in most key therapies: derma was up 22.3% YoY, respiratory 16.9%, pain 16.7% and gastrointestinal neuro/central nervous system and cardiac therapies 14-15%.

Sub-chronic therapies grew the most (15.8% YoY); chronic and acute therapies grew respectively 14% and 13.4% YoY.

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