Indian Pharma Market - Covid-19 Induced Demand Pushes Growth To 47.8%: Anand Rathi
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Anand Rathi Report
On expected lines, the Indian pharma market grew at a robust 47.8% in May.
The Covid-19 outbreak had a marked impact on industry volumes last year and doctors are prescribing traditional anti-infective, gastrointestinal and respiratory brands to combat the second wave.
Acute therapy sales overall grew a strong 70.3%, while chronic and sub-chronic therapies grew 27.7% and 37.5% respectively.
Acute therapy growth was driven by a rebound in volumes and renewed demand for Covid-19 drugs.
On a lower base industry volumes grew 31.5%, a 7% blended price hike in May and launches contributed 9.3% of growth.
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