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India's revenue from pharmaceutical exports was $25.3 billion in the 2022-2023 financial year. [7] In terms of the global market, India currently holds an accountable share and is known as the pharmacy of the world. [9] The country is the largest global supplier of generic medicine. [10] India produces more than 50% the world's vaccines. [11]
The Indian Pharmacist Association (IPA) is the professional body for pharmacists of India. Members include hospital pharmacists, manufacturing pharmacists, teachers and clinical pharmacists . Founded in 2011, the association is a member of the Global Health Workforce Alliance (WHO).
PharmEasy competes with other e-pharmacy companies including Netmeds (which was acquired by Reliance Industries), 1mg (acquired by Tata Group), Apollo 24x7 and Amazon Pharmacy. [11] The Ken questioned the company's positioning as a unified healthtech player and referred to the company's story as "more confusing than convincing". [12]
The Pharmacy Council of India (PCI) is the statutory body under the Ministry of Health and Family Welfare, Government of India. It is constituted under the Pharmacy Act of 1948. [ 1 ] The Council was first constituted on 4 March 1948. [ 2 ]
Sun Pharmaceutical Industries Ltd. was established by Dilip Shanghvi in 1983 in Calcutta, West Bengal with five psychiatry products and a two-person marketing team. Today it is ranked number one in share of prescriptions with 12 classes of doctors in India and a market leader in Psychiatry, Neurology, Cardiology, Orthopaedics, Gastroenterology, Nephrology, Diabetology, Dermatology, Urology ...
The company's first international move took it to Russia in 1992. There, Dr. Reddy's formed a joint venture with the country's biggest pharmaceuticals producer, Biomed.They pulled out in 1995 amid accusations of scandal, involving "a significant material loss due to the activities of Moscow's branch of Reddy's Labs with the help of Biomed's chief executive". [8]
Many pharmacy chains in the United States are owned and operated by regional supermarket brands, or national big-box store brands such as Walmart. These pharmacies are located within their larger chain stores. The three largest free-standing pharmacy chains in the United States are Walgreens, CVS, and Rite Aid.
MedPlus Health Services is an Indian pharmacy retail chain, headquartered in Hyderabad. [3] MedPlus is the second largest pharmacy chain in India, operating over 4,230+ pharmacy stores across 600 cities, as of 2024. [4] MedPlus sells prescription and OTC medicines, FMCG products, vitamins and other nutrition supplements, and opticals.