India’s pharmaceutical industry, adjudged as the world’s third largest by volume and thirteenth largest by value has assumed an enviable status in the global scenario. The mega stake holders comprising of 2000 companies, 700000 HCPs and around 500000 retail pharmacies are contributing to a significant industry size of 13 Billion USD.

The IPI is expected to grow at a five year CAGR of 15.7% for the period of 2010 -2015 as per the IMS Prognosis Report 2011.