Pharma Update – Lower Base, Covid-19 Drugs Push India Market Growth To 51.5% In April: Anand Rathi

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The India pharma market grew a robust 51.5% in April.

A rebound in volume growth and renewed demand for Covid-19 drugs amid the second wave were primary drivers of this growth.

Acute therapy sales, overall, grew a strong 75.2% while chronic and sub-chronic therapies grew 24.2% and 53.0%, respectively.

The Covid-19 outbreak had a significant effect on industry volumes.

In April, the effect was behind and, on a lower base, industry volumes grew 34.5%.

A blended price hike in April was of 7% and launches contributed 10 percentage points of the growth.

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Anand Rathi IPM Monthly Update.pdf


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