Indian pharma exports hit $19.14 bn, report double-digit growth after 3 yrs
The recent annual report by Pharmaceutical Export Promotion Council (Pharmexcil) claimed that the total pharma exports from India have shown a heartening double-digit growth of 10.72 percent at $19.14 billion for 2018-19 as compared to last year’s pharma exports of $17.28 billion.
Earlier, the double-digit growth in Indian pharma exports was witnessed in 2015-16, when total exports of $ 16.89 billion were registered at a growth rate of 10.17 percent. The current double-digit growth occurred after three years of flat-to-marginal export growth, mainly driven by formulations exports to North America among other destinations
Giving a performance break-up of individual categories within the pharma segment, The Union Commerce Ministry's nodal agency said that the export of drug formulations and biologicals, which grew at 12.13 percent vis a vis total growth of 10.72 percent. Thus, drug formulations and biologicals added close to $1.5 billion to the total pharma export revenues this time around.
The data shows that formulations accounted for 70.87 percent of the total pharma exports in the year 2018-19, with a total contribution of $13.56 billion.
"India's export of generics is growing 2.2 times faster as compared to global generics market growth, which is reported to have grown at just over 5 percent in 2018 calendar year," Pharmexcil said. Except December 2018, which did not show promising growth, exports of formulations through the year has done well and the average exports of formulations during the year registered $1.14 billion a month, according to the report.
Bulk drugs and drug intermediates, which is the second big category of exports after formulations, grew at 10.48 percent to reach $3.9 billion as compared to $3.5 billion last year. Export of vaccines and surgical grew 1.31 percent and 3.19 percent at $661.93 million and $569.77 million respectively in 2018-19.
Herbal products, being the only category of pharmaceuticals that showed negative growth in exports this time, registered $299 million of exports as compared to $312 million in the previous year.
The top 25 export destinations contribute approximately three fourth of the formulation exports amounting to $10.38 billion. The US maintains the position of being the largest export destination with over 38.62 percent of the total generic exports to that country at $5.24 billion.
As per the data released by the Director-General Commercial Intelligence and Statistics (GGCIS) for the month of February 2019, the pharmaceutical agency maintained that the price erosion was beginning to stagnate and recovery in margins was seen in the US.
Indian companies alone got 538 authorizations (product approvals) out of the total 1638 market authorizations granted by the US Food and Drug Administration (US FDA) in the year 2018. Indian companies are facing intense competition there as many of their approved products have six or more companies competing. "Indian companies are required to file complex generic applications and also of biosimilars to steer away from intense competition and look for higher margins. Biocon has already made a beginning in biosimilars," the report said.
Top 10 PCD Pharma Companies in India - 2019 Update
2018 has been an exciting year for the Indian Pharmaceutical Industry. Revenue Of Indian Pharmaceutical Sector saw an increase of just over 5.5% as compared to 2017 [Source: IBEF] but when it comes to PCD Pharma companies things are not the same. pcd pharma franchise has seen a much better growth in 2018 because of 3 Fundamental advantages it has over rest of the pharmaceutical industry.
Better Market Penetration: Pharma Franchise businesses rely on its Franchise owners to function. Pharma Franchise Owners have an excellent knowledge of their locality and how to conduct business in their area. Also, as it's their responsibility to do marketing of the company in their area, they do an outstanding job as they have much knowledge about their local areas and market.
Better Opportunity for the Franchise Owners: Pharma Franchise business model provides good earning opportunities to its customers and also a sense of ownership. So if a person has good industry experience like an M.R. or Distributor, they can make good money in this Business model.
Large number Pharmaceutical companies to choose from: Customers have a large number of PCD Pharma companies to choose from. This means that every company if trying to provide better offer and features to its customers which is beneficial to the customers.
Having a Large number of Pharmaceutical companies to choose from is beneficial for the customers, but sometimes this can also lead to confusion if a person does not know what he is looking for. There is both type of companies, Good and Bad and it is essential for you to stay away from bad companies. As initially, they may seem lucrative and beneficial for you, but in the long term, they might be very bad for you.
Last year we launched a list of Top 10 PCD Pharma Companies in India to help you choose the best option, and this year we are back with the 2nd Installment. Many new good companies have emerged in 2018, so we thought it would be better for everyone if we analyze all of them and tell you what we believe. We sincerely hope this will article will help you in selecting the best company for you.
Providing PCD Pharma Franchise Since: 2013 Legal Status of Firm: Private Limited Company Certifications: ISO 9001:2008 Location: Panchkula, Haryana. Directors: Mr. Siddharth Singhal, Mr. Sudhanshu Singhal What we Think: Vibcare Pharma is leading this list for the 2nd time in a row, and that's for a reason. It is growing at an exponential speed. Moreover, it is also improving it's Quality and service for its pcd pharma franchise customers. They have introduced more than 150 New molecules in 2018. Vibcare Pharma now cover therapeutic segments like Opthalmology, Ayurvedic, Critical care Etc. As a result They are among the Best pcd pharma companies in India. So if you are looking for a pharma franchise in India, then Vibcare Pharma is one to consider. Pros:Widest Portfolio of medicines, Customer first Ideology, Fast Growing, Good Promotional input support. Cons: None Company Rating: 9.5/10
Providing PCD Pharma Franchise Since: 2001 Legal Status of Firm: Public Limited Company Certifications: ISO 9001:2000, CGMP Location: Karnal, Haryana Directors: Mr. Rajeev Mukul What we Think: Zee Laboratories Ltd. was recognized as among the top 100 SME's of India by SME 100 Forum of MSME Ministry. They have a growing pcd franchise division which offers an extensive product portfolio. They are among the oldest pcd pharma companies in this list and have a good network across India. Zee Laboratories recently showed the intent of starting pharmaceutical manufacturing in Kursk, Russia which shows their focus in international markets and exports. However ZEE Laboratories are not as flexible when it comes to prices, but you have to consider the goodwill attached to the company.
Pros: Well established name in market, Extensive product portfolio, Good customer support. Cons: Low availability of monopoly rights, Chances of territory infiltration due to a big network. Company Rating: 8/10
Providing PCD Pharma Franchise Since: 2015 Legal Status of Firm: Private Limited Company Certifications: ISO 9001:2008 Location: Panchkula, Haryana Directors: Mr. Siddharth Singhal, Mr. Sudhanshu Singhal What we Think: Auspin Pharma shares the same ideology as it's Parent company "Vibcare Pharma". Similarly, they also focus on providing extensive product portfolio and service to its Customers. Furthermore keeping the prices competitive is also a priority of Auspin Pharma as it is an essential factor for its customer's success. Besides good prices, they focus on the right promotional inputs and product availability. For this reason, they are among the top 10 pcd pharma companies in India.
Pros: Customer first Ideology, Fast Growing, Good Promotional input support, Good monopoly rights availability. Cons: Relatively new in the Industry Company Rating: 9/10
Providing PCD Pharma Franchise Since: 2017 Legal Status of Firm: Public Limited Company Certifications: ISO 9001:2008 Location: New Delhi, NCR Directors: Mr. R.C. Juneja, Mr. Rajeev Juneja What we Think: Mankind Pharma has a strong market presence across India and are probably most widely known pcd pharma companies on this list. In addition to being a pharma franchise company, they are also known for their wellness products like ancestor and manforce range. Mankind Pharma has 18 state of the art manufacturing facilities in Paonta Sahib, Himachal Pradesh which gives them an advantage over other companies. furthermore They recently signed up Mr. Amitabh Bachan as their brand ambassador to promote their ideology of quality medicines at affordable prices.
Pros: Strong Market Presence, Wide product portfolio. Cons: Pharma Franchise is not the primary business vertical of Mankind Pharma, Chances of territory infiltration because of a big network, Higher initial investment as compared to others. Company Rating: 8/10
Providing PCD Pharma Franchise Since: 2014 Legal Status of Firm: Private Limited Company Certifications: ISO 9001:2008 Location: Directors: Mr. Rahul Thakral, Mr. Sunil Thakral What we Think: Biotic Healthcare is a new addition to this top 10 pcd pharma companies in India list as they are consistently growing and are among top pharma franchise companies in India. They are a pcd pharma franchise focused company and offer a wide range of products. They recently launched a comprehensive dermatology division for its customers. Moreover hey recently showcased at CPhI & P-Mec 2018. So because of their wide range of promotional inputs and excellent customer support they are a good choice for pcd pharma franchise.
Pros: Fast Growing, Good Promotional input, Wide range of products. Cons: lack of Manufacturing facility. Company Rating:
6. INTRA LIFE
Providing PCD Pharma Franchise Since: 2011 Legal Status of Firm: Private Limited Company Certifications: ISO 9001:2008 Location: Bengaluru, Karnataka Directors: Mr. Rakesh Jain What we Think: When we talk about top pharma franchise company in India, it is difficult not to include Intra Life. As they have been providing pcd pharma franchise since 2011, they have gained an excellent reputation in the market. IntraLife has a very comprehensive product range of over 1500 Products and has a Pan India presence. With divisions like Doxis Laboratories, Cutis Derma Care, Inhalers, Intra Care, Intra Ayurveda, and Life Caps they cover almost all the therapeutic segments. Furthermore They are conducting "LIFESEEK 3" this year in Phuket for their pcd franchise customers.
They have an excellent customer support team and variety of Promotional inputs thus making them one of the best pharma franchise companies in Bengaluru.
Pros and Cons: Company Rating:
Providing PCD Pharma Franchise Since: 2000 Legal Status of Firm: Public Limited Company Certifications: CRISIL Rating - SE 1A, ISO 9001:2008, WHO Location: Surat, Gujrat Directors: Mr. Himanshu Zota What we Think: Zota Healthcare Provides Ayurvedic Syrup, Pharmaceutical Tablet, Pharmaceutical Capsule, Pharmaceutical Granules, Ayurvedic Capsule, etc. Based out of Gujrat Zota has Grown at an impressive rate thanks to their philosophy of Innovate and Excel. They have a remarkable R&D Program because of which they have received eight patents in India.
Their Chairman Mr. Ketan Zota was awarded Pharma Ratan Award 2018. So if we talk about pharma franchise companies in India ZOTA Healthcare has made a mark on the industry. Thus they are ranked among top pharma franchise company in Gujrat.
Pros: Good Market Presence, Wide Variety of Promotional Inputs. Cons: Chances of territory infiltration due to a big network, Higher initial investment as compared to others. Company Rating: 8.5/10
8. Talent HealthCare
Providing PCD Pharma Franchise Since: 2004 Legal Status of Firm: Partnership Firm Certifications: ISO 9001:2008 Location: Haridwar, Uttarakhand Directors: Chetan Gandhi What we Think: Talent Healthcare is Ahmedabad- Gujrat Based Pharma Formulation Mfg. The company has two formulation units at Ahmedabad & Sidcul-Haridwar, Uttarakhand.
They are a sister concern of Talent Laboratories which started in 1993 in Gujrat. Talent HealthCare Manufacture Tablets, Capsules, Dry Powder syrups and injection dry powder vial.
They are among the top 10 pcd pharma companies in India. Furthermore they also provide Third party manufacturing service to other pharma companies in India. Finally Talent HealthCare are also listed as Industry Leader in pharma franchise in India category of Indiamart.com
Pros: Own Manufacturing Unit, Wide product portfolio. Cons: Low number of Marketing Divisions, Less Promotional Inputs. Company Rating: 7/10
Providing PCD Pharma Franchise Since: 2012 Legal Status of Firm: Public Limited Company Certifications: USFDA, WHO GMP Location: New Delhi, NCR Directors: Sushil Suri What we Think: Morpen Pharma is well known for its Ethical marketing and Pharma manufacturing instead of pcd pharma franchise. They provide pharma franchise in, but not many people know about it. Morepen Laboratories have excellent product range and promotional inputs. They are among top pharma franchise company in India due to which they have an outstanding reputation in the market.
Their pcd pharma division is managed by very professional staff, but the availability of monopoly rights is difficult as they give one franchise in 1 district.
Pros: very reputed name in the industry, Good Product portfolio. Cons: High Prices, Low availability of monopoly rights, Chances of territory infiltration due to a big network. Company Rating: 7/10
Providing PCD Pharma Franchise Since: 2015 Legal Status of Firm: Public Limited Company Certifications: US FDA, UK MHRA, Japan's MHLW, TGA Australia, WHO Location: Mumbai, Maharashtra Directors: Mrs. Manju D Gupta What we Think: lupin pharma franchise division started in 2015 and are now among top 10 pharma companies in baddi. Like Morpene they are also better known for their ethical marketing, but Lupin pharma franchise is also available in the market. They have a good portfolio with good promotional input. certainly There is not much to say about this company as they are so well renowned in the industry and have high standards of quality and commitment.
Pros: very reputed name in the industry, Good Product portfolio. Cons: High Prices, Low availability of monopoly rights, Chances of territory infiltration due to a big network, lupin pharma franchise is not readily available. Company Rating: 8/10
We hope you liked our top 10 pcd pharma companies in India 2019 List. If you want to give some feedback or want to get featured on our top 10 pharma companies in baddi List next year you can get in touch with us using our contact form.
Third party manufacturing
Third Party Manufacturing in the Pharma Industry
Third Party Manufacturing business in the pharma industry is growing at a very fast pace globally and is expected to increase at a very fast rate over the next few years. Every manufacturing business company is using quite similar technologies and equipment.
The Third Party Manufacturing Process
The third party manufacturing process consists of multiple steps, and for each step, there are process parameters with some control limits.
Finalizing order quantity and composition
Raising quotation
Required documents
Packaging material
Product manufacturing
Product delivery
Documents Required
Company profile
Director’s documents (Aadhar Card and Pan Card)
Copy of Resolution for Authorized Signatory to Deal
Why should you go for third party manufacturing? You can save a lot of money on labor, materials, and other expenses related to product production because Companies that offer third-party manufacturing are usually in developing countries with a sufficient supply of cheap labor and minimal regulations. So, these companies can help you in product’s production costs, quality of products, and profit margins.
About Vibcare Pharma
Vibcare Pharma is a leading manufacturer of pharmaceuticals in India. Being a renowned name, we are committed to offering top-notch healthcare services by producing, developing, and marketing affordable drugs for the markets in India, Africa, and South Asia. We work on a systematically designed PCD Pharma program which helps in providing PCD franchise to our customers. To ensure the production of high-quality drugs, our unit is equipped with a quality control and quality assurance system. For the best third party manufacturing pharma companies, visit https://vibcare.co.in or call us on 9888988858
Benefits of third party manufacturing of pharmaceuticals
Third party manufacturing in the pharma industry can provide a number of benefits. If you do not know about them then you are at the right place to learn about them. One of the main benefits of third party manufacturing in any field is that you can start manufacturing your product even if you do not have enough finance required for this purpose.
There are several other benefits of third party manufacturing in pharma industry like:
Better products: You can manufacture better products than your expectations if you select an experienced and reliable service provider third party manufacturing company.
Expansion of your business with low investment: The third party manufacturing pharma companies allow you to expand your business without investing enormous money in it. If you have selected a good company then you can provide the best products to your wholesalers and retailers as well as ultimate users. It will also help in increasing the reputation of your products as well as your company among its customers.
Beneficial for both, owner and service provider: Most of the companies involved in third party manufacturing normally work on a contract basis. It allows them to manufacture similar products for different brands or a brand can manufacture the same products from different third party manufacturers. For this reason, third party manufacturing is becoming more popular in the pharma industry.
Cost effective manufacturing: The services provided by third party manufacturing pharma companies working on contract basis make the entire process very cost effective. The owner of the product need not worry about starting capital and maintenance of the manufacturing unit which is very tiring and expensive otherwise. It can also save the cost of production and management of labour for this purpose. You need not worry about arranging labor and equipment for manufacturing your products.
Operational benefits: When your products are in great demand due to their high-end results then you can have a number of operational benefits by manufacturing them through a third party manufacturer. You can meet the demand of your products without spending any additional money. Your third party will fulfill your requirement as soon as possible to increase his benefits also.
Professional expertise: The companies providing third party manufacturing services can improve the quality of your products on the basis of their long professional experiences. You can get quality products in any condition by relying on their professionalism and expertise which can surely increase your sales and hence profits.
Increase in efficiency: You can surely increase your productivity by investing in third party professional services. In return, they will be extremely beneficial for you as they will use their expertise to increase their efficiency. In this way, you can increase your production without making much effort just by selecting a suitable third party manufacturing unit.
Conclusion
Thus, the information provided in this write-up can be helpful for you if you trying to know the benefits of third party manufacturing in the pharmaceutical industry. You only have to be careful in finding a reputable and experienced third party manufacturing service for availing all the benefits discussed above.
