Indian Pharma Market - Covid-19 Boost Sustains In May As Well: Motilal Oswal
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Motilal Oswal Report
Indian pharma market growth was 47.8% YoY in May 2021 versus 51.5% YoY in April 2021.
Strict lockdowns in May 2020 had impacted sales and production (8.9% YoY decline in May 2020).
Anti-Infectives/respiratory/vitamins-minerals-nutrients exhibited a growth of 142%/87%/60% YoY.
In addition to a low base of the past year, anti-Infectives therapies grew sharply in May-21 due to high demand for Covid-19 drugs as well.
Sales momentum in respiratory strengthened further with 87% YoY growth in May-21 (50% YoY growth in April-21).
On a moving annual total basis, industry growth came in at 10.8% YoY.
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