Top 10 Pharmaceutical Companies In India In 2023
The contributions of pharmaceutical companies to the healthcare industry are more significant. Their contributions boosted Indian as well as global healthcare.
By 2023, it is expected that the global pharmaceutical market would have surpassed USD 1.5 trillion. It’s fantastic news for India, which holds a significant place in the global pharmaceutical business.
India supplies 20% of all global exports and is the largest generics supplier in the world. It meets 40% of US demand for generic pharmaceuticals and more than half of the world’s need for certain vaccines.
In order to inform you more about the Top 10 Pharmaceutical Companies In India, we have compiled a list of them today.
List of Top 10 Pharmaceutical Companies In India 2023
Cipla is a large, international pharmaceutical company based in India that provides generic medications to treat illnesses.
They offer a wide range of medications and are the world’s biggest producer of antiretroviral medications. In addition to 80 other nations, the business operates 34 production facilities in India.
Cipla’s emerging market regions include all markets that are not in India, the US, South Africa, or Europe.
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2. Sun Pharmaceutical Industries Ltd
The largest pharmaceutical company in India is Sun Pharmaceutical, which ranks fourth internationally for generic drugs.
Every year, they sell roughly 30 billion doses of therapeutic segments, including those for neurology, neuropsychiatry, cardiology, gastrointestinal, cancer, respiratory, anti-infective, and a host of other conditions.
Sun Pharmaceutical acquired Ranbaxy in 2014, making it the biggest pharmaceutical firm in both India and the US.
3. Aurobindo pharma
In Pondicherry, the business debuted one unit of semi-synthetic penicillin in 1986. The business acquired ACTAVIS in 2014, which ran generic operations in seven nations in Western Europe.
The business includes its manufacturing and research & development facilities, and it distributes its goods in 125 nations. They produce the highest-quality goods and are in high demand in the marketplace.
4. Reddy’s Laboratories Ltd
Indian global pharmaceutical firm Dr Reddy’s Laboratories Ltd was founded in 1984.
It creates and markets 60 productive pharmaceutical ingredients (API) for drug companies, diagnostic kits, biotechnology products, and acute care, as well as generic and over-the-counter medications.
API is produced in more than 10 FDA (Food and Drug Administration) facilities throughout India.
They collaborated with the Russian direct investment fund to conduct final-stage clinical testing and shipped 100 million doses of Russia’s Sputnik V vaccine to India in order to combat the COVID-19 epidemic.
5. Divi’s laboratories limited
One of the top ten pharmaceutical firms in India is Divi’s Laboratories. It was founded in 1990, and Hyderabad, Telangana, serves as its corporate headquarters.
This pharmaceutical firm ranks second in India in terms of market capitalisation. The laboratory of Divi sells goods to South Africa, Australia, the Philippines, Japan, and the United States.
In addition to three research and development facilities in India, the company has three manufacturing facilities in Hyderabad, Visakhapatnam, and Kakinada.
6. Abbott India
The biggest and oldest international pharmaceutical company in India is Abbott India. With its corporate headquarters in Mumbai, Maharashtra, it was founded in 1944.
They produce 400 branded generic drugs all around the world. They provide dependable and high-quality goods.
The business provides treatments that include elements of urology, thyroid, vitamin, anti-infective, gastrointestinal, women’s health, neurology, and more.
7. Alkem laboratories
Alkem Laboratories, with its headquarters in Mumbai, Maharashtra, was founded in 1793. It is the first pharmaceutical business in India to sell one billion dollars worth of anti-infectives.
The corporation owns 21 manufacturing facilities spread across multiple nations, including 2 in the USA and 19 in India.
8. Torrent pharmaceuticals
One of the top ten pharmaceutical businesses in India, Torrent Pharmaceutical is an international pharmaceutical company with registrations in more than 40 nations and is controlled by the Torrent group.
Ahmedabad serves as the company’s headquarters; it was founded in 1959. India is home to the company’s manufacturing facilities and research facilities.
9. Lupin Limited
When the business was founded in 1968, it produced iron and folic acid tablets. Following that, it began manufacturing TB medications, which generated enormous profits for the business.
Lupin has expanded its manufacturing facilities in India, Mexico, Brazil, the US, and Japan. Over 100 nations are where the corporation manufactures.
10. Zydus Cadila healthcare
One of the oldest businesses on the Indian market is Zydus Cadila, which has grown to become the top producer of pharmaceutical, diagnostic, herbal OTC, and cosmetic products.
Latin American, US, European, South African, and controlled markets all have Zydus products. India, Brazil, and the USA are three countries with more than 30 manufacturing facilities.