Regulating the Pharmaceutical Sector - Current

Regulating the Pharmaceutical Sector - Current
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Regulating the Pharmaceutical Sector - Current Scenario and Main Challenges Dr. B R JAGASHETTY B.Sc; M.Pharm; LLB; Ph.D Drugs Controller, Karnataka State 04.10.2013 1 Ironies of life The lawyer hopes you get into trouble. The Doctor hopes

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Regulating the Pharmaceutical Sector - Current Scenario and Main Challenges Dr. B R JAGASHETTY B.Sc; M.Pharm; LLB; Ph.D
Drugs Controller, Karnataka State
04.10.2013 1<br>
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Ironies of life The lawyer hopes you get into trouble.

The Doctor hopes you fall ill.

The Police hopes you become a criminal.

The teacher hopes you are born stupid.

The coffin maker wants you dead.

Only A THIEF wishes you prosper in life 2<br>
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Current Scenario of Pharmaceutical sectors India's pharmaceutical market grew at 15.7 per cent during December 2011. Globally, India ranks third in terms of manufacturing pharma products by volume.

According to McKinsey, the Pharmaceutical Market is ranked 14th in the world.

By 2015 it is expected to reach top 10 in the world beating Brazil, Mexico, South Korea and Turkey. More importantly, the incremental market growth of US$ 14billion over the next decade is likely to be the third largest among all markets.
The US and China are expected to add US$ 200bn and US$ 23bn respectively. 3<br>