Indian pharmaceutical machinery market

When it comes to packaging and processing, drug industry is the most challenging and critical of all. During the period between 60’s and 70’s, the pharmaceutical sector used to import machines from Europe to fulfill their drug processing and packing needs. But in mid 70's, the Indian administration introduced high import duties and restricted import licensing rules. After this move, the pharmaceutical companies encouraged some Indian engineering companies to manufacture pharma machines in the country itself. This was probably the only way for the pharma industry to improve production and cater to the rising needs of the local market.

Pharmaceuticalmachinery manufacturers are using sophisticated technology, advanced and professional approach to deliver the engineering excellence in pharma equipments. Empowered with improved technology a huge range of excellent quality pharmaceutical equipments, machineries and tools are available in the market and are used for production to packaging of drugs. The machines are offered by different Pharmaceutical machinery manufacturers, available in all sizes for production and processing of tablets, ointments, capsule, cosmetics, liquid, syrup etc. for pharmaceutical industry.

In drug manufacturing company, dry syrup filling machine has a significant role as precision in the quality remain the major concern to maintain the forced limits of dosage. Automatic powder filling machines provide great advantages to pharmaceutical sector. Besides that, taking into account the vital issues related to drug dosage, stability, and regulatory factors, special range of equipments and machines are designed for filling. All of these are high in functionality, exclusive in design and help to attain dosing flexibility.

       

Overview of Indian pharma industry

In recent few years, pharmaceutical industry has developed to record levels. It has been reported that Indian pharma sector has been growing constantly at the rate 13-14% per year. As per the McKinsey & Company, a leading consulting firm, pharmaceutical sector in India will reach 55 billion USD by the year 2020. It is expected that generics will continue to lead the market whereas patent-protected things are probably to add 10 % of the market till 2015. 

Indian Pharma industry is comprised with domestic as well as foreign companies (MNCs). Toppharmaceutical companies in India are playing major role in improving the growth of Indian Pharma sector. Growth in this sector is expected to be increased this year due to rising buyer expenditure, fast urbanization and others. 

In India, there has been a major change in the attitude of people towards healthcare. Shocking increase in cases of nervous system disorders, cardiovascular problems, diabetes and many other serious illnesses as well as disorders has generated more awareness and attentiveness among today’s population regarding the requirement of improvement in healthcare industry. Thereby, there is a huge demand for top pharmaceutical companies in India to invest their time and money in buying resources, in research and development of latest, effective and affordable drugs. 

India has created a pharma market of its own and it is being treated as a prospective partner by other countries. In terms of volume, the pharma market is ranked 3^rd and in terms of market value, it is ranked 10^th. In manufacturing of vaccines and generics, pharma companies in India are also proving to be international leaders.