The demand for active pharmaceutical ingredients (API) has been increasing at a rapid pace over the years. This can be attributed to various factors such as the aging population and the rise in chronic diseases such as cancer, diabetes, and cardiovascular diseases. Entrepreneurs looking to start an API manufacturing plant…
India is recognized as the pharmacy of the world and ranks 3rd in terms of pharmaceutical production by volume and 14th by value. India is the largest provider of generic drugs globally accounting for 20% of the worldwide supply. The pharmaceutical market in India was valued at USD 42 billion…
The business world and societal norms are transforming rapidly, triggered by the demands of the modern world. The pharmaceutical manufacturing industry is one such industry that has undergone a major reformation with new concepts. Market Size and Overview of the Pharmaceutical Industry in India The Indian pharmaceutical manufacturing industry is…
The business domain has undergone a sea change over the last decade, and its transformation is seen in the host of opportunities available for women to make a career in the entrepreneurial domain. Industrial consultants with vast experience in the manufacturing sector to emphasize the steady increase in women’s role…
Product quality plays an important role in the success of any business and is rather significant in the pharma industry. It determines the purchase decisions of customers in a big way. In the pharma industry, product quality impacts the health of the consumers as well. Apart from preventing and curing…
Contract manufacturing has been gaining traction over the past few years. A lot of companies in the world are opting for contract manufacturing to capitalize on its advantages. Contract manufacturing is a go-to option for companies across industries, such as aerospace & defence, automobile, energy, food processing, packaging, pharma, FMCG,…
API refers to active pharma ingredient present in medicine which produces the intended effects. A medicine can have single or multiple APIs. Generally, the name and amount of API present in the medicine are written on the package of the OTC drugs. Read: Best Manufacturing Business Ideas in 2021 Often APIs…