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Motilal Oswal: Indian Pharma Market Declines In August After Posting Muted Growth In July 2020

The Indian pharma market declined by 2.2% year-on-year in August 2020 versus muted growth of 0.2% year-on-year in July 2020.

An employee holds tablets on the production line at pharmaceutical plant (Photographer Oliver Bunic/Bloomberg)
An employee holds tablets on the production line at pharmaceutical plant (Photographer Oliver Bunic/Bloomberg)

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Motilal Oswal Report

The Indian Pharma market (IPM) declined by 2.2% YoY in August 2020 (versus muted growth of 0.2% YoY in July 2020).

The volume decline of 9.2% YoY dragged the IPM’s performance, which was offset by growth in 1. prices by 4.4% YoY, and 2. new launches by 2.5% YoY to some extent.

Therapy-wise in August 2020, anti-infective/respiratory/anti-malaria declined 11%/12.4%/19.6% YoY, while cardiac/vitamins, minerals and nutrients/anti-diabetic grew 11.5%/6.2%/1.6% YoY.

For the quarter ending August 2020, the IPM’s growth was subdued at 0.2%YoY.

Volumes declined 6.6% YoY, prices grew 4.6% YoY and growth in new products was up 2.2% YoY.

National list of essential medicines (NLEM) products grew 0.8% YoY while growth in Non-NLEM products were muted YoY.

On moving annual total basis, industry growth came in at 4.1% YoY.

Click on the attachment to read the full report:

Motilal Oswal Healthcare Sector Monthly Update.pdf

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