India is renowned for its cheap vaccines and generic medicines. India produces the third-most pharmaceuticals by volume and the fourteenth-most by value. India has the most US-FDA-compliant pharma plants outside the US, with over 10,000 pharmaceutical manufacturing facilities and 3,000 generic pharmaceutical companies making up the domestic pharmaceutical sector. The domestic pharmaceutical industry in India is anticipated to grow to US$ 65 billion by 2024 and US$ 120–130 billion by 2030. By 2030, the market for pharmaceutical equipment is projected to be worth $50 billion, expanding at a 15% CAGR. Industry Experts Pvt. Ltd. is at a critical junction point in this evolution. We have the expertise to connect you with established pharma contract manufacturer companies or assist you in setting up your own production unit in India.

Source URL : https://www.industryexperts.co.in/b2b-manufacturer-sourcing-india/pharmaceuticals