Indian Pharma Market Grew 8.5% In December With Covid-19 Impact Behind: Anand Rathi
Favipiravir, the antiviral medication being manufactured in Russia. (Photographer: Andrey Rudakov/Bloomberg)

Indian Pharma Market Grew 8.5% In December With Covid-19 Impact Behind: Anand Rathi

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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.

Click on the attachment to read the full report:

Anand Rathi IPM Update.pdf

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