India’s pharma market grew by 8.4% during the financial year 2024-25, propelled by strong performance in key chronic therapy areas, according to market research firm Pharmarack.
The cardiac segment led with a 10.8% value growth, followed closely by gastrointestinal (10.2%) and anti-diabetic (8%) therapies.
Together, these three therapy areas contributed 34% of the total pharma market sales, helping push the industry’s overall turnover to over ₹2.25 trillion.
Despite the chronic therapies dominating in growth, GSK’s antibiotic Augmentin emerged as the top-selling drug of FY25 with ₹816 crore in sales.
USV’s Glycomet GP, an anti-diabetic medication, followed closely with ₹803 crore in sales.
While value growth was strong, unit sales in the domestic market recorded a modest 1.2% increase, indicating that growth was largely price-driven.
March 2025 saw a significant market shift with the diabetes molecule empagliflozin going off-patent.
Within a month, 86 brands from 19 companies launched empagliflozin-based products. Sheetal Sapale, vice-president (commercial) at Pharmarack, noted a steep price drop—around 85%—with prices falling from ₹60-70 per tablet to just ₹5-15.
Despite a rise in volume, the value declined due to this price erosion.
The launch of Eli Lilly’s Mounjaro (tirzepatide) in March 2025 added momentum to India’s emerging anti-obesity market.
In just one month, Mounjaro contributed ₹1.4 crore to the segment’s ₹576 crore moving annual turnover. Semaglutide, another GLP-1-based drug, accounted for 69% of this total over the previous 12 months.
Several leading pharma companies posted strong domestic value growth in March 2025. Sun Pharma (14.9%), Torrent Pharma (14.7%), Intas (12.8%), and Zydus (10.8%) all recorded double-digit growth.
Overall, the pharma market witnessed a 7.5% value growth and 1.8% unit growth in March alone, reflecting broad-based strength across segments.
Also Read: India’s $2.7 Billion PLI Scheme Set To Boost Local Electronics Manufacturing
Bharat Express CMD Upendrra Rai paid tribute to poet Gopal Das Neeraj at a Delhi…
Union Minister of State Prof SP Singh Baghel and Bharat Express CMD Upendrra Rai attended…
Kuldeep Yadav was named Impact Player of the Series after claiming seven wickets and helping…
Dr Rajeshwar Singh joined Uttar Pradesh teachers at a conference attended by CM Yogi Adityanath,…
The 18th Indian Journalism Festival concluded in Indore after three days of discussions on Gen-Z,…
Isabgol can ease constipation and support digestion. Know the right dose, timing and method to…