Indian pharmaceutical market is currently estimated at US$ 12.35 - TopicsExpress

Indian pharmaceutical market is currently estimated at US$ 12.35 billion and is ranked 13th in the world. According to a recent research report on healthcare industry this is expected to jump to US$ 26 billion by 2016 due to multiple factors - continuous rise in health insurance, increase in government funding in healthcare, rise in quality of care, better access to necessary treatments. Some experts argue that this doubling of market sales of pharma and drug industry is unrealistic and estimate only about 13-14% growth annually. World Bank estimates that healthcare insurance will cover half of the Indian population by 2015 (630 million people). Government schemes like Rashtriya Swasthya Bima Yojna (RSBY) for providing insurance to below poverty line population is also boosting the growth of health insurance. Insurance sector has to streamline and build appropriate and competitive pricing structure and claim mechanism to sustain the speed of growth in the health sector. Read on... Live Mint: livemint/Industry/lzrlJ8yJ5YJimXvqjwbXjN/Health-insurance-surge-to-put-India-in-top-10-pharma-markets.html

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