ECONOMY

Healthcare Sector Update – Covid-19 Related Drugs, Low Base Skyrockets April Growth: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Indian pharmaceutical market growth was 51.5% YoY in April 2021 versus 10.3% YoY in March 2021.

Strict lockdowns in April 2020 had impacted sales last year (11% YoY decline in April-20).

This, coupled with strong Covid-19 drug sales, led to a sharp spike in YoY growth for April-21.

Anti-infectives/vitamins minerals nutrients/pain therapies exhibited a growth of 134%/76%/64% YoY.

Anti-infectives therapies grew sharply (~2.3 times) in April-21 YoY versus an 8.5% YoY growth in March-21.

Respiratory sales recovered with a 50% YoY growth in April-21 as against a 15.1% YoY decline in March-21.

National list of essential medicines/non-NLEM (~18%/~82% of IPM) grew 56.1%/50.5% YoY.

Click on the attachment to read the full report:

Motilal Oswal Healthcare Sector Check.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button