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Indian Pharma Market sees significant revival in March 2021, registers 10.3 percent growth: AIOCD-AWACS Report

Medical Dialogues TeamWritten by Medical Dialogues Team Published On 2021-04-25T11:45:30+05:30  |  Updated On 25 April 2021 6:15 AM GMT
Indian Pharma Market sees significant revival in March 2021, registers 10.3 percent growth: AIOCD-AWACS Report

New Delhi: The Indian Pharmaceutical Market (IPM) has witnessed a significant revival with a rise of 10.3 per cent for the month of March 2021, compared to 1.1 per cent for the month of February 2021, according to data from market research firm All India Organization of Chemists and Druggists (AIOCD-AWACS)The AIOCD AWACS report also revealed that the March 2020 lockdown, which resulted...

New Delhi: The Indian Pharmaceutical Market (IPM) has witnessed a significant revival with a rise of 10.3 per cent for the month of March 2021, compared to 1.1 per cent for the month of February 2021, according to data from market research firm All India Organization of Chemists and Druggists (AIOCD-AWACS)

The AIOCD AWACS report also revealed that the March 2020 lockdown, which resulted in relatively higher growth for the Cardio-Diabetes segment on March 20 and a dip in other therapy fields, has now normalised in mid-March 21 data. This is the reason why month March 21 growth for the Cardio-Diabetes segment is on the lower side and many other therapy areas are on the higher side.

A detailed analysis showed that Cardiac registered a monthly growth of 6.3% in March 2021, compared to 7.3% in February 2021. Anti-diabetic sales increased by only 0.3 per cent in March 2021, compared to 4.3 per cent in February 2021.

Also Read: Drug Giants Including Cipla, Sun Pharma Come Together For Better Drug Distribution

Anti-invectives, which had been growing at a negative rate of 11.3 per cent since the post-lockdown period, grew at an 8.5 per cent rate in March 2021.

The report further included that gastrointestinal drugs that grew at a faster rate of 21.6 per cent in March 2021 compared to 9.9 per cent in February 2021. Vitamins/minerals/nutrients, meanwhile, grew at a faster pace of 22.2 per cent in March 2021 compared to 8.6 per cent in February 2021.

Furthermore, pain/analgesics, neuro/CNS drugs, gynecological, antineoplastic hormones, and opthal/otologicals grew at 14.6%, 9.6%, 22.5%, 10.9%, and 13.1%, respectively.

The respiratory segment is still on a slow recovery path with a growth rate of-15.1% in March 2021 compared to-20.3% in February 2021.

According to the study, Cipla topped the list of 100 corporate with an 8.1% growth rate in March 21 without the Bonus unit, followed by Zydus Cadila with a 5.1% growth rate, Torrent with a 4.1% growth rate, and Intas with a 4% growth rate in March 21.

Also Read: ABCD Technologies Buys 66 Percent Stake In AWACS

aiocd pharmasofttech awacs AIOCD AWACS cardiac diabetes antiinfective analgesic CNS drugs respiratory segment pharmaceutical industry pharma market cipla Zydus Cadila torrent-pharma gastrointestinal 
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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