Introducing Mysore University Courses at ACRI
As the Indian population grows at the rate of
1.5% every year, the requirement for the jobs will drastically increase. As a
result of this, government spending will increase in various sectors and one of
them is Pharma & Clinical research.
As per as McKinsey report, government
spending in healthcare will increase significantly. It has been growing at 18% annually
since 2005 to 2006, and is translating into a higher level of access in Tier-II
and rural markets.
Secondly,
there would be a demand for new therapies and innovative drugs due to aggressive
players in market.
Sl. No.
|
THERAPIES
|
GROWTH
|
1
|
OTC/Self-medicate
|
Growth over 14% annually
|
2
|
Biologics
|
3 billion segment by 2020
|
3
|
Vaccines
|
20 per cent over the next decade
|
In
the base case scenario, all the important growth drivers will observe vigorous
progress. The market will grow more than four times to reach USD 55 billion by
2020.
Insurance coverage would grow to cover the entire Indian
population below the poverty line.
Moreover, the players will influence the patient funnel by
increasing awareness and treatment, thereby increasing the patient pool by 15
percent.
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