Increasing Severity of Drug Price Controls The global pharmaceutical industry is facing government-initiated drug price controls since public health in most of the key market is governed by associated decisions and policies of local government.
India ranks amongst the top global generic formulation exporters in volume terms. In the last stage the new medicine is sent to various pharmacies and hospitals using distribution channels wholesalers, retailers etc.
Apart from ageing and rising population the improvements in purchasing power and access to quality healthcare and pharmaceuticals to poor and middle-class families worldwide also is driving the growth of global pharma industry. The policies of the Government of India are aimed at building more hospitals, boosting local access to healthcare, improving the quality of pharmaceuticals and improving the quality of medical training.
Inthe company generated some Incancer drugs made nearly billion U. Once pre-clinical development is completed, clinical trials begin which are conducted in 3 phases and can take up to 5 years to finish.
North America is responsible for the largest portion of these revenues, due to the leading role of the U. Read more Interesting statistics In the following 5 chapters, you will quickly find the 35 most important statistics relating to "Global Pharmaceutical Industry".