Top Pharmaceutical Products Exported from India to the Global Market
The excellent capability of production and supply of high-quality and affordable medicines has made it possible for India to be globally recognised as the pharmacy of the world. According to the present records in these known to export to more than 200 destinations, which makes eat a very important country to ensure global healthcare access. This has been only possible due to advanced manufacturing facilities.
Another key reason is following strict international regulatory standards. The dedicated team of scientists and professionals is continuously working hard to expand the footprint of India’s pharmaceutical industry. India is known as a leading pharma export company for a wide variety of products. However, among the many 6 categories, time doubt as the most significant contributor to India’s pharmaceutical export. We have mentioned them below
1. Generic Medicines
India is the largest supplier of generic medicines throughout the world. We can say that about 20% of the global exports by volume is done by India. These generic medicines are very important because they provide the same effective results as the branded ones but at a much affordable price. This is what makes them easily accessible to developing and developed countries alike.
Key categories include:
· Antibiotics- Amoxicillin and Azithromycin
They are vital in treating infections.
· Antivirals
These are used for conditions such as HIV/AIDS and hepatitis.
· Cardiovascular drugs
They play a huge role in the treatment of rising cases of hypertension and heart disease globally.
Many countries abroad depend on India for the supply of generic medicines. Some of the countries abroad are- Africa, America, the US, and Europe. The main reason for India dominating in this field is not only providing quality medicine at a cheaper price. Another key reason is the approval of several organizations, like the US FDA and EMA. Hence, all the factors combined, India keeps on growing in the field of pharmaceuticals.
2. Active Pharmaceutical Ingredients (APIs)
In simple words, we can say that the APIs are the building blocks of drug formulations. At present. India has also emerged as one of the largest suppliers of APIs. The manufactured and exported APIs are used in
· Antibiotics
Cephalosporin
Penicillin
· Anti-diabetics
Metformin
· Painkillers and anti-inflammatory agents
Ibuprofen
India supplies its medicinal products to global drug manufacturers and also works with the vision of reducing its dependence on imported APIs. This makes India not only a leading exporter but also a reliable partner.
3. Vaccines
India is very famous for being the hub of vaccines in the world. India is known for being among the most vital contributors of vaccines. India has only become one of the top suppliers in this segment due to its large-scale production facility.
Key Highlights
· India is a top exporter of vaccines for several diseases, like-
Polio
Measles
COVID-19
· The Serum Institute of India is a strong power. It has become the largest vaccine producer in the world.
· India has made life-saving vaccines available to low-income countries.
· It exports quality products at an affordable price.
The vaccines produced in India safeguard the lives of millions of people worldwide. This contribution makes this country a critical partner in the global public health initiatives.
4. Over-the-Counter (OTC) Drugs
The healthcare system is immobile without OTC drugs. They are widely used for everything from minor health issues to daily supplements. Their high demand makes them an important part of the pharmaceutical products exported by Indian company.
Key Highlights
· Some of the major OTC drugs include-
Pain relievers
Antacids
Vitamins
Cold and flu medicines
· They are known for their effectiveness and easy accessibility.
· They are in high demand in the Middle East, Africa, and Asia-Pacific.
· Their popularity has increased due to the self-medication trend.
India supports global consumer healthcare by continuously supplying quality and affordable OTC drugs.
5. Biopharmaceuticals &Biosimilars
India has not only increased its manufacturing of traditional medicines. Along with them, India has also increased its export of biopharmaceuticals.
· Some of the general products in this segment include-
Insulin
Monoclonal antibodies
Growth hormones
· There has been a rise in demand for them in the US, Europe, and Asian markets. Hence, the export of India is gaining control in this segment.
By being an important contributor in the complex area of biopharmaceuticals, India has proven its worth. It has shown its bias towards innovation and advanced treatment options globally.
6. Herbal &Ayurvedic Medicines
India is rich in its ancient knowledge of Ayurveda and herbal remedies. India’s strong traditional health knowledge has blended with modern technology. This has made the country a key player in reaching global markets.
· These natural products have become famous for being a safe and preventive healthcare option.
· They have made their own place with the rising demand in the wellness and lifestyle sector.
India is sharing its traditional wisdom with the world by exporting herbal and ayurvedic medicines. This has significantly led to the improvement of the healthcare system.
Concluding Thoughts
India is contributing strongly to the global healthcare system with its exports. With passing days, this is only improving and getting innovative. Undoubtedly, India has improved its healthcare system. This is made possible by making effective medicines available at an affordable price. This makes India a key partner in global healthcare. Now India is a reliable partner that is constantly helping people across the world with its pharmaceutical products.
