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Anand Rathi Report
The Indian pharma market declined 2.2% in August 2020.
The drop in acute therapies continues to exert pressure on industry growth while growth in select chronic therapies such as cardiac continues in double digits.
Industry volume growth continues to suffer; on a higher base (good anti-infective season last year) August 2020 volumes were down 9.2% while blended price growth was 4.4%; new product growth, 2.5%.
Chronic therapies continues to lead the growth. Cardio grew 12% to Rs 17 billion in August and remains the largest therapy in India for the second straight month (moving annual total sales of Rs 191 billion versus Rs 186 billion for anti infectives).
Other chronic therapies such as vitamins grew 6%; diabetes sales were up 2%.
The fall in sales of acute therapies such as anti-infectives (down 11%), Ophthal (14%) and Pain (10%) continued for yet another month.
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