India Pharmaceutical Manufacturing Market 2030: Strategies for Navigating Industry Challenges
India Pharmaceutical Manufacturing Market Growth & Trends The India pharmaceutical manufacturing market size is expected to reach USD 35.38 billion by 2030, growing at a CAGR of 10.5%, according to a new study by Grand View Research, Inc. The growth of the market is attributed to the rapid adoption of advanced technologies in clinical research, a rise in diversity & prevalence of diseases, and increased outsourcing activities due to intensified R&D efforts. Moreover, several initiatives are taken up by public and government organizations to enhance R&D attempts and further boost market growth. For instance, in October 2021, the Department of Pharmaceuticals in India introduced a new policy to reduce the approval time for innovative products by at least 50% within the next 2 years, promoting R&D activities within the country. The increasing prevalence of cancer, cardiovascular disease, diabetes, and infectious diseases is expected to be a high-impact-rende...