The exact number of medicines sold per day in India is not known, but it is estimated to be in the billions. In 2021-2022, the total sales of medicines by stockists or dealers to retailers was at Rs 1,69,234.82 crore.
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| Medicines sold in India |
What is the total sales of medicine in India
This means that on average, about Rs 4.58 crore worth of medicines were sold per day. However, this figure only includes sales to retailers, and does not include sales directly to consumers or through online channels. If these channels are taken into account, the total number of medicines sold per day in India is likely to be even higher.
The market size of medicines in India is also growing rapidly. In 2021, the domestic pharmaceutical market was estimated at USD 41 billion. This is expected to grow to USD 65 billion by 2024 and USD 130 billion by 2030. This growth is being driven by a number of factors, including the country's large and growing population, the increasing prevalence of chronic diseases, and the rising demand for affordable and accessible healthcare.
The sale of medicines in India is regulated by the Drugs and Cosmetics Act, 1940. This Act is administered by the Central Drugs Standard Control Organization (CDSCO). The CDSCO is responsible for ensuring the quality and safety of medicines sold in India. It also regulates the import and export of medicines.
The sale of medicines in India is a complex and rapidly changing industry. The market is growing rapidly, and the regulatory environment is constantly evolving. However, the demand for medicines in India is also very high, and the industry is well-positioned to meet this demand in the years to come.
India has decided to sell some medicines
at low prices for people to use
The Indian government has decided to sell some medicines at low prices for people to use. This is part of the government's efforts to make healthcare more affordable for the people of India.
The medicines that will be sold at low prices are those that are essential for treating common diseases. These include medicines for hypertension, diabetes, and heart disease. The prices of these medicines will be capped at a maximum of 50% of the market price.
The government has also decided to set up a network of Jan Aushadhi Kendras, (Public Health Pharmacies) across the country. These pharmacies will sell the essential medicines at low prices. The government plans to open 10,000 Jan Aushadhi Kendras by the end of 2024.
The sale of essential medicines at low prices is a welcome move by the government. It will help to make healthcare more affordable for the people of India. It will also help to ensure that people have access to the medicines they need to treat common diseases.
Here are some of the benefits of selling essential medicines at low prices:
It will make healthcare more affordable for the people of India.
It will ensure that people have access to the medicines they need to treat common diseases.
It will help to reduce the financial burden on patients.
It will help to improve the quality of life for people with chronic diseases.
The sale of essential medicines at low prices is a step in the right direction. It is a move that will benefit the people of India and improve their health.