Indian Pharma's future success depends on stringent quality control measures
Healthcare Radius|September 2022
Spurious drugs have become a serious issue worldwide, especially in India. According to USTR estimates nearly 20 percent of the drugs sold in India are counterfeit. Learn the steps that India must take to battle this menace and thus protect its image in the global pharmaceutical market
MS. ARUSHI JAIN
Indian Pharma's future success depends on stringent quality control measures

India has always been in the eye of the storm when it comes to the country's mounting spurious medicine problem. Even the US Trade Representative (USTR) has scrutinized Indian pharmaceutical companies over this issue since according to its report, approximately 20 percent of all drugs on sale in our market are counterfeit. And this is the kind of study that can adversely affect India's budding market and reputation, even as it ranks third in the world in terms of volume. India fulfills over 20 percent of the global demand for generic drugs, which is no surprise because we have over 10,500 manufacturing units and 3,000 firms across the country.

But the fact remains that if the industry does not invest correctly in the short term, India may fall behind in the race due to a sheer lack of quality products. To regain our status in the world pharma rankings, the Indian industry will have to take certain measures such as encouraging innovation through augmented spending on R&D, making marketing companies also accountable for product quality, and implementing more stringent quality control (QC).

Following are some more factors implementing which can directly result in improving the quality of Indian drugs and ensuring they are of the best quality going forward:

API quality check

Esta historia es de la edición September 2022 de Healthcare Radius.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición September 2022 de Healthcare Radius.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE HEALTHCARE RADIUSVer todo
Centre For Sight forms JV with Laxmi Eye Hospital
Healthcare Radius

Centre For Sight forms JV with Laxmi Eye Hospital

Expands in Maharashtra; to collaborate with Laxmi Eye Hospital for local market reach.

time-read
1 min  |
October 2024
Diverse information sources are reshaping treatment patterns - Study
Healthcare Radius

Diverse information sources are reshaping treatment patterns - Study

A CLIRNET study finds that doctors exposed to multichannel content, demonstrate a 50 percent higher likelihood of diversifying their treatment patterns.

time-read
1 min  |
October 2024
Advanced test for IRD diagnosis launched
Healthcare Radius

Advanced test for IRD diagnosis launched

Nucleome Informatics unveils an advanced genetic test for diagnosing inherited retinal diseases (IRDS

time-read
1 min  |
October 2024
A device for facial muscle toning, anti-aging. Interested?
Healthcare Radius

A device for facial muscle toning, anti-aging. Interested?

Dr Rickson's Dermatherapie Clinic launches device for facial muscle toning, lifting, tightening, and texture improvement.

time-read
1 min  |
October 2024
Therapeutics startup Wundrsight raises $400K in seed round
Healthcare Radius

Therapeutics startup Wundrsight raises $400K in seed round

Wundrsight secures $400,000 in seed round led by Inflection Point Ventures. The fresh funds will be utilized in development of company's VR-based mental health solutions

time-read
1 min  |
October 2024
Odisha's Komal Panda wins James Dyson award
Healthcare Radius

Odisha's Komal Panda wins James Dyson award

Komal Panda wins the James Dyson Award 2024 for her innovation for diabetes patients, Novocarry, a portable cooling carrier that helps in keeping insulin under desired temperatures.

time-read
1 min  |
October 2024
REHABILITATION SERVICES: AN EVOLVING LANDSCAPE
Healthcare Radius

REHABILITATION SERVICES: AN EVOLVING LANDSCAPE

India's healthcare rehabilitation services market is rapidly evolving, driven by rising demand and investments.

time-read
3 minutos  |
October 2024
FIVE CYBERKNIFE RADIOSURGERY BENEFITS IN HEAD AND NECK CANCER TREATMENT
Healthcare Radius

FIVE CYBERKNIFE RADIOSURGERY BENEFITS IN HEAD AND NECK CANCER TREATMENT

Explore why cyberknife radiosurgery promises to be a game-changer in head and neck cancer treatment by revolutionizing care and improving patient outcomes.

time-read
2 minutos  |
October 2024
CARING FOR THE ELDERLY
Healthcare Radius

CARING FOR THE ELDERLY

India's aging population presents a pressing need for comprehensive healthcare services. Learn how the country's healthcare system can address this challenge.

time-read
9 minutos  |
October 2024
TACKLING INDIA'S IMMUNIZATION CHALLENGE
Healthcare Radius

TACKLING INDIA'S IMMUNIZATION CHALLENGE

India's vast geography and large population challenge comprehensive immunization. Despite successes in children's immunization, more work is needed. A report.

time-read
10+ minutos  |
October 2024