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The Outlook for Pharmaceuticals in Central Asia
Date:11/14/2011

age programme. In January 2011, the MoH announced that the Essential Drugs List would be further expanded to cover nearly all government-sponsored grass-roots health institutions

INDIA

The Indian pharmaceutical industry is responsible for around 8% of world pharmaceutical production. Over the last couple of years, Indian pharmaceutical companies have been increasingly targeted by multinationals for both collaborative agreements and acquisition. During the first half of 2011, Bayer and Zydus Cadila agreed to set up a joint-venture called Bayer Zydus Pharma (BZP), for the sales and marketing of pharmaceutical products in India. BZP will operate in key segments of the Indian pharmaceutical market, with a focus on: women's healthcare, metabolic disorders, diagnostic imaging, cardiovascular diseases, diabetes treatments and oncology.

PAKISTAN

PAKISTAN's pharmaceutical market is small and equally split between multinational and domestic companies. Espicom projects the market to grow at a fairly high single-digit CAGR in dollar terms during the forecast period. By 2016, it will be the 11th largest pharmaceutical market in the Asia Pacific region covered by Espicom. The pharmaceutical market is dominated by locally manufactured pharmaceuticals, predominantly generic drugs, which meet around 90% of country's needs in 2011. Imported retail medicaments account for the remainder of the market, although manufacturers rely heavily on imported raw materials for production. Multinational companies account for around half of the market by value, although local producers have a far greater share in terms of volume.

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