Preview

Judicial System in India

Powerful Essays
Open Document
Open Document
9080 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Judicial System in India
Chapter-1
Introduction

The Pharmaceutical Industry is one of the growing industries in the world. The world’s largest industry because worldwide revenues is approximately US$3 trillion.

Pharmaceutical industry develops, produces, and markets drugs or pharmaceuticals licensed for use as medications. Pharmaceutical companies are allowed to deal in generic or brand medications and medical devices. They are subject to a variety of laws and regulations regarding the patenting, testing and ensuring safety and efficiency and marketing of drugs.

Indian Pharmaceutical industry has shown high growth in the recent years. Top companies like CIPLA, Ranbaxy and Dabour have already established their presence.

Pharmaceutical Industry is an important contributor to the health and prolonged lives of the people, but at the same time it is largely a for-profit industry.

1.1 Purpose, significance and the context of the study

There has been a large growth in the Pharmaceutical industry in the world and as well as in India in the recent years.
Pharmaceuticals have now become a daily part or the element of many people, so there is a need to study a bit about the industry.
The purpose of this study is to introduce to the Pharmaceutical industry in India and marketing practices of the pharmaceutical companies, so that we can get more familiar to the industry and accept the get more comfortable with the industry.
The future of the industry is very bright, that is, it is showing continuous growth and will tend to grow more in the near future, so there is a need to study about the industry so that it can be accepted easily in the future.
The industry is a highly for profit industry and also plays an important role as a healthcare in the modern period.
Chapter 2
Review of Literature

There have been various books, articles, journals, etc. that have been published with context to this dissertation.

I analyzed my data from various sources including reports of

You May Also Find These Documents Helpful

  • Powerful Essays

    The pharmaceutical industry includes companies that research, develop, market or distribute generic and branded drugs. The industry expanded during the 1980’s and drugs to treat heart disease and AIDS were prominent. Consumer demand for nutritional supplements and alternative medicine increased during the 1990’s with the Internet facilitating direct purchases of drugs. Advertising for direct consumption of pharmaceutical drugs became more prominent; pharmaceutical companies were criticized for over medicating personality or social problems.…

    • 3675 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    The Pharmaceutical industry has several high entry barriers as shown in figure 1. Economies of scale, product differentiation, government policy and capital requirements and financial services are few barriers for new entrant. Level of threat from rivalry is also high in this industry. Industry has presence of large number of small firms of a similar size. They are in direct competition with one another,…

    • 1056 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Questions 6

    • 535 Words
    • 2 Pages

    2. What are the regulatory and legal issues related to drug and pharmaceutical development and sale?…

    • 535 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Your Name: Javeria Awan My Name: Professor Preston Cameron Class Number & Name: SBU200 27702, Business and Society Date: October 27, 2014 Case Analysis – Case # and Case Title: Big Pharma’s Marketing Tactics Contents Introduction: 1 Issues faced by Big Pharma: 1 My Analysis: 2 The stake holders: 2 Consumers: 2 Community: 2 Government: 2 Doctors and Medical Students: 2 My perspective: 2…

    • 1080 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Analysis of the Medicines Company case revealed several critical aspects that need to be addressed. The pharmaceutical industry can be very profitable, but is also very risky. As described in the case, bringing a new drug to market is a costly and lengthy process requiring an average of 10 years. Big Pharmaceutical companies struggle to keep upcoming drugs in their pipeline to provide revenue when existing drugs come off patent and are replaced by generic compounds. With 1 in 4000 compounds making it to market, there is significant risk of failure that can be reduced by having many compounds in development. Additionally, a drug company's reputation can easily be tarnished by safety issues with a compound, dramatically affecting their sales.…

    • 2114 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Merck Business Analysis

    • 1943 Words
    • 8 Pages

    The global pharmaceutical market is likely to undergo a wide variety of changes with new competition arising in India, China, Malaysia, South Korea, and Indonesia. This new competition has a growing economy and has made a difference between the product cost and disposable income of consumers. According to NASDAQ (2011),“ Global pharmaceutical market sales are expected to grow at a 4-7% through the year 2013 largely being driven by the growing access to health care in emerging economic regions” (para. 2-5). Short-term growth within this area is stimulated by the United States market, as it continues to be the largest pharmaceutical market in the world. A focal point on research and development in special drugs and generic drugs will remain a strong means to meet 2011 goals of earning $315 billion dollar in sales within the United States.…

    • 1943 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Hbr Vertex Case Critique

    • 1920 Words
    • 8 Pages

    As mentioned in the case, Pharmaceutical industry was experiencing a significant growth between 1993 and 2003. New technologies and approaches such as Rational Drug Design, High Throughput Screening, etc. were advancing drug discovery process to a new level. There were many drugs being approved and commercialized during this period and some of them have become blockbusters in the market. As companies have increasing sales revenues, they were able to invest more in R&D, which resulted in high R&D budgets and many external research partnerships.…

    • 1920 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    Pfizer Industry Review

    • 4325 Words
    • 18 Pages

    The pharmaceutical industry began in the early 1800’s when several chemical companies were founded in Philadelphia, marking the beginning of our current pharmaceutical manufacturing industry (Pfizer, 2008a). Founded in 1849, Pfizer has grown into a multibillion-dollar corporation by providing many of the highest quality drugs available today (Pfizer, 2007). However, many factors impact the continued success of Pfizer and the pharmaceutical industry in general. After reviewing these factors, it is our recommendation that Pfizer focus on short-term consolidation and long-term global expansion into emerging markets while focusing research and development efforts in the biotech sector.…

    • 4325 Words
    • 18 Pages
    Best Essays
  • Good Essays

    There are number of factors that have contributed towards this phenomenal growth in the drug industry. The initial event that initiated the growth was India’s agreement with WTO which gave protection to intellectual property rights and assurance to international investors. Also, there are several internal factors within India which have successfully contributed to the growth of the industry. Similar to China, India has comparative advantage in manufacturing and packaging which encouraged Western companies to outsource in India. The comparative advantage has been gained due to abundance of educated work force, low wage rates and the wide spread use of English as a business language. This latter factor, the wide use of English language is one of the main reasons why Western companies chose India over China. For foreign investors, it is much easier to conduct business…

    • 860 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The main key issues of this case are as follow. The pharmaceutical industry had come about through both forward integration from the manufacture of organic chemicals and a backward integration from druggist-supply houses. The industry’s rapid growth was aided by increasing worldwide incomes and a universal demand for better health care; however, most of the world markets for pharmaceuticals were concentrated in North America, Europe and Japan. Drug discovery was an expensive process, with leading firms spending more than 20 per cent of their sales on research and development (R&D). Developing a drug, from discovery to launch in a major market, took 10 to 12 years and typically cost US$500 million to US$800 million (in 1992). Bulk production of active…

    • 3230 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    The health care industry Provides health products and service which involved the leading technology of life science. It is a fast-growing industry and will continue to grow in the future because of the increasing request to the advanced medical care. The Global Industry Analysis (GIA,2009) predicted that the prescription drug market is value around $897 billion in world economy in 2015, and Asia-Pacific region is expected to have highest growth in prescription drugs.…

    • 1121 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Pest Analysis on Phizer

    • 1191 Words
    • 4 Pages

    The pharmaceutical industry must always be on the move, always on the edge and always first in creating innovations and products that help extend the life of mankind. The industry faces a need for accelerated investment, in order to deploy the new technologies, for pressing geo-political, economic, environmental and societal reasons.…

    • 1191 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Pfizer Marketing Plan

    • 9798 Words
    • 40 Pages

    A brief introduction of the field of pharmaceutical will be highlighted along with a short introduction about the company and its history.…

    • 9798 Words
    • 40 Pages
    Better Essays
  • Satisfactory Essays

    The major players in the pharmaceutical excipients market include Ashland, Inc. (U.S.), BASF (Germany), Dow Chemical Company (U.S.), Roquette…

    • 386 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The pharmaceutical industry plays an important role in the UK economy and the country has the third-highest share of global pharmaceutical R&D expenditures…

    • 2836 Words
    • 12 Pages
    Satisfactory Essays