• ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE
No Result
View All Result
KeralaNews 24x7
Sunday, June 8, 2025
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL
No Result
View All Result
News 24x7
No Result
View All Result

India’s Pharma Industry Shifts to Innovation, CDMO Sector Leads the Way

CPHI Report Highlights India’s Growth Potential in 2024

Nishita Masih by Nishita Masih
2 years ago
Reading Time: 2 mins read
0
0
0
SHARES
9
VIEWS
FBXLinkedinWhatsAppTelegram

The Convention on Pharmaceutical Ingredients (CPHI) has released its annual report for 2023, which assesses the trends and performance of the global pharmaceutical industry. The report, based on a survey of over 250 industry executives from more than 35 countries, shows that India is poised for substantial growth in 2024, driven by its prominent Contract Development and Manufacturing Organizations (CDMOs).

According to the report, India has excelled in the ‘growth category’, scoring 7.8 out of 10 for the second consecutive year, surpassing even the United States. India has also made significant strides in ‘biologics quality’ and is closely trailing the US in ‘overall competitiveness’. The report foresees the emergence of an ‘India plus one’ strategy as the predominant approach in the coming five years, as India is expected to experience the fastest Compound Annual Growth Rate (CAGR) in biologicals.

Pharma Industry
Pharma Industry

CDMOs Lead the Transformation from Generics to Innovation

The report reveals that the Indian pharmaceutical industry is undergoing a profound transformation, transitioning from a generics-oriented hub to an innovation-driven pharmaceutical economy. This paradigm shift is largely attributed to its prominent CDMOs, which offer end-to-end solutions for drug development and manufacturing.

CDMOs are playing a vital role in enabling Indian pharma companies to diversify their portfolios, enter new markets, and leverage new technologies. CDMOs are also helping Indian pharma companies to overcome the challenges posed by the COVID-19 pandemic, such as supply chain disruptions, regulatory uncertainties, and increased demand for vaccines and therapeutics.

Some of the leading CDMOs in India include Piramal Pharma Solutions, Syngene International, GVK Biosciences, Jubilant Biosys, and Biocon Biologics. These CDMOs have established global partnerships with pharma giants such as Pfizer, Novartis, Bristol-Myers Squibb, Eli Lilly, and Merck. They have also invested heavily in expanding their capacities, capabilities, and quality standards.

US Remains the Top Pharma Market, but Faces Competition from Asia

The CPHI report also ranks the major pharma markets across various categories such as Active Pharmaceutical Ingredient (API), Finished Dosage Form (FDF), Overall Competitiveness, Knowledge of Professionals, and Growth. The CPHI Pharma Index, which combines the scores of these categories, shows that the US remains the top pharma market with an overall score of 8.134.

However, the US faces stiff competition from Asian countries such as India, China, and Korea, which have improved their scores in several categories. China has overtaken Germany as the second-largest API producer, while Korea has emerged as a leader in biologics quality. The report predicts that Asia will continue to dominate the growth category in 2024 and beyond.

The report also identifies some of the key drivers and innovations that will shape the future of the pharma industry. These include microbiome therapeutics, mRNA technology, artificial intelligence (AI), and personalized medicine. The report states that these innovations will create new opportunities and challenges for pharma companies and CDMOs alike.

ShareTweetShareSendShare
Nishita Masih

Nishita Masih

Nishita Maish is a senior content manager, blending creativity with strategic insight to craft compelling narratives that captivate audiences. With a passion for storytelling and a knack for digital engagement, she has elevated brands and content strategies to deliver lasting impact in the ever-evolving digital world.

Related Posts

punjab national bank building india

Punjab National Bank Slashes Lending Rates After RBI’s Bold Repo Cut

1 day ago
snapdragon-8-elite-chipset-qualcomm-2025-devices

Snapdragon 8 Elite Defines 2025’s Mobile Revolution — One Form Factor at a Time

1 day ago
resident evil requiem reveal summer game fest 2025

Capcom Unveils Resident Evil Requiem, A Bold New Chapter in the Franchise’s 30-Year Legacy

1 day ago
Indian stock market Sensex Nifty June 2025 midday trading

Sensex and Nifty Surge Midday, Led by Finance and Auto Stocks on June 6, 2025

1 day ago
Nintendo Switch 2 console gaming performance improvement

Nintendo’s Switch 2 Surprises Fans with Free Performance Boost for Original Games

3 days ago
Aaron Rodgers Pittsburgh Steelers 2025 signing announcement

Aaron Rodgers Joins Pittsburgh Steelers in a Move That Shakes Up the NFL Landscape

3 days ago
Western Carriers logistics truck inside industrial plant

Western Carriers Secures ₹27.73 Crore Contract from Jindal Stainless for Jaipur Plant Logistics

3 days ago
Ivanka Trump Miami vacation book Untamed Glennon Doyle Instagram

Ivanka Trump Shares Glennon Doyle’s ‘Untamed’ Amid Political Tensions

5 days ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

ADVERTISEMENTS

(adsbygoogle = window.adsbygoogle || []).push({});

POPULAR ARTICLES

Crypto Transaction

How Cryptocurrency Transaction Works? Read Pros & Cons of Cryptocurrency

3 years ago
eSports

Just How Big Will eSports Be?

8 years ago
Iontophoresis Device

Iontophoresis Device, the Best Treatment for Excessive Sweating

8 years ago
NOW Entertainment soon to Start Selling American Hustle82 Apparel

NOW Entertainment soon to Start Selling American Hustle82 Apparel

8 years ago
E-cigs Products in Classrooms

Is It Right to Ban the Juul and Other E-cigs Products in Classrooms?

8 years ago
Ryan Van Wagenen

Ryan Van Wagenen Expects Continued Growth for the Silicon Slopes

7 years ago
Working Remotely: Benefits for Employers and Employees

Working Remotely: Benefits for Employers and Employees

7 years ago
Benefits of installing Solar on your house

Benefits of installing Solar on your house

7 years ago
Casino Hacked using a Smart Thermometer

Casino Hacked using a Smart Thermometer

7 years ago
Ryan Van Wagenen Expands on Bitcoin, Ripple, and Investing in Other Cryptocurrency

Ryan Van Wagenen Expands on Bitcoin, Ripple, and Investing in Other Cryptocurrency

7 years ago
Facebook Twitter Youtube

ABOUT US

The KeralaNews 24×7 website is for desi entertainment lovers across India, USA and UK. We often cover breaking News & Trending topics in India and have been referenced by numerous media outlets. Follow us on our Social media profiles for the latest updates and news.

Contents produced in this website are subjected to DigitalCopyRight Law.

© 2023 KeralaNews 24×7 – Website Designed by VISION

WEBSITE STATS

  • Google News Approved
  • 1,00,000 Traffic/Month
  • Domain Authority – 25
  • 70% Traffic from Google

ADVERTISE WITH US

If you are looking to advertise your business or website, feel free to contact us at ceo.keralanews247@gmail.com

We accept following form of advertisements,

  • Banner Ads
  • Contextual Links
  • Guest Posts
  • Sponsored Posts

SEARCH

No Result
View All Result

MORE INFO

  • ABOUT
  • PRIVACY
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • NEWS
  • ENTERTAINMENT
  • CRYPTO
  • SPORTS
    • OLYMPIC
    • CRICKET
    • FOOTBALL
    • KABADDI
    • BASKETBALL
    • TENNIS
    • WWE
  • TECHNOLOGY
  • HEALTH
  • EVENTS
  • DEALS
    • SPECIAL DEALS
  • BLOG
    • BUSINESS
    • FINANCE
    • DIGITAL MARKETING
    • EDUCATION
    • LIFE STYLE
    • REAL ESTATE
    • ART
    • ADULT
    • CASINO
    • FASHION
    • GAMES
    • LAW AND ORDER
    • TRAVEL

© 2023 KeralaNews 24x7 - Website Designed by VISION

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.