Pharma and Healthcare
The Indian healthcare industry is pegged at US$ 100 billion worth which is expected to grow at a Compound Annual Growth Rate (CAGR) of 22.9 per cent to US$ 280 billion by 2020. The Indian Pharmaceutical industry is also striding ahead. It is the third largest and thirteenth largest, in volumes and value, respectively. India is also the largest provider of generic drugs on a global level. Indian generic drugs account for 20% volume of global exports. The Indian pharmaceutical industry size is expected to grow to US$ 100 billion by 2025. The key market drivers are increase in consumer spend, continuous urbanization, and rise in healthcare insurance.