Domestic pharma market bounces back to growth phase in November

The Indian pharma market registered 14.5% YoY growth in November

After seeing 5.1 per cent growth in October, the domestic pharma market has bounced back in November. The Indian pharma market (IPM) registered a 14.5 per cent year-on-year growth in November, one of the best growths seen in more than 32 months. 

Data from market research firm AIOCD AWACS showed that in November last year, the IPM had clocked a 7 per cent growth. In terms of moving annual turnover (MAT), which considers the past 12 months' turnover, the MAT November growth is at 9.8 per cent. Acute therapies, which accounts for 47 per cent of the IPM, has exhibited growth