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Shift in India’s Pharma and Medical Devices Sector
February 4 , 2026
14 hrs 0 min
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- India’s pharmaceutical industry is sharpening its focus on complex generics, biosimilars and innovation.
- India is a global leader in low-cost vaccine supply.
- India currently ranks 11th globally in pharmaceutical exports by value, with a 3 per cent global share.
- India is the Third-largest by volume globally and meets around 20% of global generics demand, with exports to 191 countries in FY25.
- Over half of these exports are directed to highly regulated markets such as the United States and Europe.
- Beyond generic drugs, India is also providing a majority of the world’s DPT, BCG and measles vaccines.
- India’s medical devices sector is also rapidly becoming globally competitive, exporting to 187 countries in FY25.
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