India Pharmaceutical Manufacturing Market Size & Outlook

The pharmaceutical manufacturing market in India is expected to reach a projected revenue of US$ 41,144.9 million by 2030. A compound annual growth rate of 13.3% is expected of India pharmaceutical manufacturing market from 2024 to 2030.
Revenue, 2023 (US$M)
$17,158.4
Forecast, 2030 (US$M)
$41,144.9
CAGR, 2024 - 2030
13.3%
Report Coverage
India

India pharmaceutical manufacturing market, 2018-2030 (US$M)

India

India pharmaceutical manufacturing market highlights

  • The India pharmaceutical manufacturing market generated a revenue of USD 17,158.4 million in 2023 and is expected to reach USD 41,144.9 million by 2030.
  • The India market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
  • In terms of segment, conventional drugs (small molecules) was the largest revenue generating molecule type in 2023.
  • Biologics & Biosimilars (Large Molecules) is the most lucrative molecule type segment registering the fastest growth during the forecast period.

Pharmaceutical manufacturing market data book summary

Market revenue in 2023USD 17,158.4 million
Market revenue in 2030USD 41,144.9 million
Growth rate13.3% (CAGR from 2023 to 2030)
Largest segmentConventional drugs (small molecules)
Fastest growing segmentBiologics & Biosimilars (Large Molecules)
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBiologics & Biosimilars (Large Molecules), Conventional Drugs (Small Molecules)
Key market players worldwideRoche Holding AG ADR, Novartis AG ADR, GlaxoSmithKline, Pfizer Inc, Merck & Co Inc, AstraZeneca PLC, Johnson & Johnson, Sanofi SA, Eli Lilly and Co, AbbVie Inc, Thermo Fisher Scientific Inc, Wuxi AppTec Co Ltd, Samsung BioLogics, FUJIFILM Holdings Corp, Lonza Group Ltd, Catalent Inc, Jubilant Pharmova

Other key industry trends

  • In terms of revenue, India accounted for 3.4% of the global pharmaceutical manufacturing market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China pharmaceutical manufacturing market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 41,144.9 million by 2030.

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Pharmaceutical Manufacturing Market Scope

Pharmaceutical manufacturing market segmentation & scope
Monoclonal Antibodies
Vaccines
Cell & Gene Therapy
Others
Conventional Drugs (Small Molecules)
Outsource
In-house
Tablets
Capsules
Injectables
Sprays
Suspensions
Powders
Other Formulations
Oral
Topical
Parenterals
Inhalations
Other Routes of Administration
Cardiovascular Diseases
Pain
Diabetes
Cancer
Respiratory Diseases
Other Diseases
Prescription Medicines
Over-the-counter (OTC) Medicines
Children & Adolescents
Adults
Geriatric
Retail
Non-retail

Pharmaceutical Manufacturing Market Companies

Name Profile # Employees HQ Website

India pharmaceutical manufacturing market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical manufacturing market will help companies and investors design strategic landscapes.


Conventional drugs (small molecules) was the largest segment with a revenue share of 67.17% in 2023. Horizon Databook has segmented the India pharmaceutical manufacturing market based on biologics & biosimilars (large molecules), conventional drugs (small molecules) covering the revenue growth of each sub-segment from 2018 to 2030.


  • India Pharmaceutical Manufacturing Molecule Type Outlook (Revenue, USD Million, 2018-2030)
    • Biologics & Biosimilars (Large Molecules)
      • Monoclonal Antibodies
      • Vaccines
      • Cell & Gene Therapy
      • Others
    • Conventional Drugs (Small Molecules)
  • India Pharmaceutical Manufacturing Drug Development Type Outlook (Revenue, USD Million, 2018-2030)
    • Outsource
    • In-house
  • India Pharmaceutical Manufacturing Formulation Outlook (Revenue, USD Million, 2018-2030)
    • Tablets
    • Capsules
    • Injectables
    • Sprays
    • Suspensions
    • Powders
    • Other Formulations
  • India Pharmaceutical Manufacturing Routes of Administration Outlook (Revenue, USD Million, 2018-2030)
    • Oral
    • Topical
    • Parenterals
    • Inhalations
    • Other Routes of Administration
  • India Pharmaceutical Manufacturing Therapy Area Outlook (Revenue, USD Million, 2018-2030)
    • Cardiovascular Diseases
    • Pain
    • Diabetes
    • Cancer
    • Respiratory Diseases
    • Other Diseases
  • India Pharmaceutical Manufacturing Prescription Requirements Outlook (Revenue, USD Million, 2018-2030)
    • Prescription Medicines
    • Over-the-counter (OTC) Medicines
  • India Pharmaceutical Manufacturing Age Type Outlook (Revenue, USD Million, 2018-2030)
    • Children & Adolescents
    • Adults
    • Geriatric
  • India Pharmaceutical Manufacturing Sales Channel Outlook (Revenue, USD Million, 2018-2030)
    • Retail
    • Non-retail

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Target buyers of India pharmaceutical manufacturing market databook

  • Our clientele includes a mix of pharmaceutical manufacturing market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the India pharmaceutical manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into India pharmaceutical manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India pharmaceutical manufacturing market size, by molecule type, 2018-2030 (US$M)

India Pharmaceutical Manufacturing Market Outlook Share, 2023 & 2030 (US$M)

India pharmaceutical manufacturing market size, by molecule type, 2018-2030 (US$M)

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