NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2006/12/13 - Pakistani government takes their pharmaceutical industry as a rapidly emerging, export-oriented and most beneficial sector. And lack of fierce competition in international market is providing a firm basis to their belief.
Zahid Saeed, Vice Chairman, Pakistan Pharmaceutical Manufacturers Association (PPMA), reported about the Pakistani pharmaceutical industry’s development and future prospects.
India and China are two low-cost drug manufacturers. Pakistan, unfortunately, is located between these two countries. But now, Pakistan is all set for the action. For the past 10 years, the nation has been establishing its drug-manufacturing units, infrastructure and export capabilities.
29 international pharmaceutical players have their facilities functioning in Pakistan. The total worth of pharmaceutical industry of Pakistan is estimated at $ 1.5 Billion.
Saeed, while highlighting the advantages of establishing the drug-manufacturing units in Pakistan, stated that the country has a low-cost base and the cost of converting generic drugs into their more famous derivatives is among the lowest in the world. He further pointed out that the ideal location of the country at the world’s center makes it cost-efficient in terms of freight costs.
Also, a number of drug courts are working in Pakistan to ensure the quality control of the manufactured drugs and to govern the authentication of exported drugs.
RNCOS’ Research Analyst, who has recently researched a report on “World Pharmaceutical Market (2007)”, puts forth his views that Pakistan is already trading its pharmaceutical products abroad to highly organized markets like Singapore and Canada. Also, the country is a part of TRIPS agreement and since 2000, it has its Intellectual Property Legislation duly placed, its pharmaceutical industry is waiting to fly high.
The research also addresses the following issues and facts that are critical to the success of Pharmaceutical industry on a Global level:
- Emerging trends in the Global Pharmaceutical sector
- An insight into market trends
- Key players in the Pharmaceutical market
- Factors driving growth and change in the market
- Key Challenges and strategies
- Competitive environment and market leaders
- Future outlook
The report provides an overview of Pharmaceutical industry on global level. It also looks closely at the various relevant issues of the Pharmaceutical industry.
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