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  • February 2021 turned...

February 2021 turned out to be slow month for Indian Pharma: AIOCD-AWACS data

Medical Dialogues TeamWritten by Medical Dialogues Team Published On 2021-03-07T14:36:48+05:30  |  Updated On 7 March 2021 9:06 AM GMT
February 2021 turned out to be slow month for Indian Pharma: AIOCD-AWACS data
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New Delhi: COVID crisis showed a negative impact on the Indian pharmaceutical market (IPM) in February as the recent data from market research firm All India Organization of Chemist and Druggist (AIOCD-AWACS) claimed a drastic fall with growth rate for the monthAs per AIOCD AWACS data, the trend of growth in January 2021 with growth of 4.5% has decreased to 1.1% in February 2021. The...

New Delhi: COVID crisis showed a negative impact on the Indian pharmaceutical market (IPM) in February as the recent data from market research firm All India Organization of Chemist and Druggist (AIOCD-AWACS) claimed a drastic fall with growth rate for the month

As per AIOCD AWACS data, the trend of growth in January 2021 with growth of 4.5% has decreased to 1.1% in February 2021. The running quarter growth of Dec-Jan-Feb 21 was highlighted to be 4.7%

The data further revealed that while majority of the therapy areas have moved to the recovery path, a few therapy areas that contribute a significant chunk to the IPM are yet to show positive traction.

Post-Unlockdown since June'20m the struggle for Anti-infectives continued with a negative growth rate of 2.7% in January 2021 fell further to negative growth  of 11.3% in Feb 21. Meanwhile, its associated therapy like Gastroenterology exhibited growth of 9.9 % in Feb 2021 vs 14.3% in Jan'21, Vitamins showed a growth of 8.6% in Feb Vs 12.2 % Jan 21 and Pain & Analgesics are at 2.3% in Feb'21 vs 5.0 % in Jan 21.

A detailed analysis showed that February'21 witnessed stability in cardiac drugs but with lower growth of 7.3% as compared to 8.8% in January'21. Similarly, Anti-Diabetics registered a growth of 4.3% compared to 5.3% in January'21 while respiratory medicines growth slumped to -20.3% compared to -14.1 % in January '21.

Also Read:Covid19 & Pharmaceutical Marketing : The 5Cs for the New Normal

Considering the market performance, Glycomet GP manufactured by USV Private Limited topped the list of highest-selling brands this month, followed by Abbott's Mixtard, and Sanofi's Lantus.

Also Read:Five months after COVID crisis, drug sales report growth of 4.5 percent at Rs 13170 crore: AIOCD-AWACS Report

Indian pharmaceutical marketindian pharma newsIndian Drugs & Pharmaceuticalspharma marketAIOCDAWACSciplaIPMFebruary2021
Medical Dialogues Team
Medical Dialogues Team

    Medical Dialogues Bureau consists of a team of passionate medical/scientific writers, led by doctors and healthcare researchers. Our team efforts to bring you updated and timely news about the important happenings of the medical and healthcare sector. Our editorial team can be reached at editorial@medicaldialogues.in.

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