India's domestic pharmaceutical industry's annual turnover reached around 50 billion U.S. dollars in 2023. In 2018, the India pharmaceutical market was valued at 18 billion U.S. dollars. The pharma industry in the country has been doing well despite a fluctuating economy. There was a 9.8 percent year-on-year growth rate recorded in the market in 2019 compared to 2018.
Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
India Brand Equity Foundation. (September 6, 2024). Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
India Brand Equity Foundation. "Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars)." Chart. September 6, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
India Brand Equity Foundation. (2024). Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
India Brand Equity Foundation. "Annual Turnover of Indian Pharmaceutical Market from 2015 to 2023, with Estimates until 2047 (in Billion U.S. Dollars)." Statista, Statista Inc., 6 Sep 2024, https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
India Brand Equity Foundation, Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/ (last visited November 21, 2024)
Annual turnover of Indian pharmaceutical market from 2015 to 2023, with estimates until 2047 (in billion U.S. dollars) [Graph], India Brand Equity Foundation, September 6, 2024. [Online]. Available: https://www.statista.com/statistics/1037947/india-pharmaceutical-market-annual-turnover/
