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Anand Rathi Report
The Indian pharma market seems to have recovered from the Covid-19 impact as growth in acute therapies has rebounded after a brief nine months.
The IPM grew 8.5% in December (6.4% in Q3 FY21, 0.9% year-to-date). Acute therapies grew 6%; chronic/sub-chronic, 10.9%/ 9.7%.
Key acute therapies anti-infectives and gastro did well as hospitals are seeing more patients. chronic therapies cardiac, diabetes and vitamins continue to boost growth for the sector.
Dec volumes were up 0.3% (against a 7% drop in November 2020) while prices were increased 5%, 3.1% coming from launches.
The volume decline has now largely been arrested and volume growth should now be in healthy single digits.
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