Honourable regulators, legal advisors and manufacturers please justify as why stability is mandatory to get product permission whether old drug or a new drug. Sharing facts and asking questions as why it so happening into the pharmaceutical industry over and again. Drug and Cosmetic Act is in place to regulate the pharmaceutical industry then why everyday new circular is coming to the industry people.
E-pharmacies are recent entrants in the Indian e-commerce industry landscape, with it receiving increased attention from government and investors in the last three to five years. Today, the E-pharmacy market potential is worth over a 3,500 Crore with more than 35 startups assisting the growth of this segment in various regions of India. Inspite of being a novel segment in the Indian E - commerce industry, it is anticipated to grow at a CAGR of over 20%, crossing the 25,000 Cr mark by 2022.
The global ePharmacy market size was valued at USD 35 billion in 2018 and is projected to grow at a CAGR of 14.8% during the forecast period. By 2023, it is predicted that the market will grow to reach around 128 billion dollars. Currently there are 35000 active online pharmacy players are there in global market.
Alone Indian Pharma Industry has employed 5 million people in India and approximately 1 million across the world when there is no support to pharmaceutical industry in planed way. Whatever industry growth industry gained over the time is only by self help. Government of India always gives vision of five years to the pharmaceutical industry but vision document never comes to pharma stake holders. Only paper work cannot make India great.
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