Indian Pharma Market Sees 8.7% Growth in January 2025, But Vaccines, Ophthalmology Struggle
New Delhi: The Indian pharmaceutical market (IPM) recorded an 8.7% year-on-year (YoY) growth in January 2025, reaching a monthly value of Rs 19,238 crore. This growth was slightly higher than the 8.3% YoY growth observed in the moving annual total (MAT) for January 2025, which stood at Rs 2,22,996 crore. In terms of volume, the industry grew by 2.4% in January 2025, highlighting sustained demand across multiple therapy areas, according to market research firm Pharmarack.
Among the key therapy segments, cardiac drugs emerged as the top performer, growing 11.2% YoY in MAT and 10.2% in January 2025 alone, contributing Rs 2,686 crore to the industry. Gastrointestinal drugs followed closely, achieving a 10.9% growth in January 2025 and contributing Rs 2,218 crore, with an overall MAT growth of 10.0%. The anti-diabetic segment also continued its upward trend, growing 6.9% in January 2025 to reach Rs1,773 crore, with an 8.4% YoY growth in MAT. Meanwhile, the respiratory segment showed only a 2.6% growth in January 2025, contributing Rs 1,638 crore, likely due to lower seasonal demand. On the other hand, dermatology and anti-neoplastic drugs performed strongly, with 10.1% and 11.3% growth respectively in January 2025. However, vaccines and ophthalmological drugs witnessed negative trends, declining by 12.8% and 8.6% respectively.
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