Global Scenario of Pharmaceutical Industry with Special Reference to Indian Pharmaceutical Industry

167-183The paper covers the following aspects: An introduction of the structure of the industry, details about the importance of research and patents in this sector worldwide, difference between basic and process R&D, the anomalies in India and changes imminent under WTO. The global scenario including industry size, growth, regional market shares, therapeutic segmentation, major players and brands. It also provides details about how managed health care works, its repercussions on drug prices and opportunities in the US generics market, The Indian scenario gives the historical backdrop, present status, growth projections, changing strategies in the face of WTO, export opportunities and future prospects. A detailed coverage of DPCO (Drug Price Control Order), its evolution since 1 970, present status, recent drug policy, coverage under DPCO ' 95, drugs under price control. their notified prices and major formulations