In terms of volume the Indian pharmaceuticals market is the third largest and thirteenth largest in terms of value. Growth of the Indian pharmaceutical industry is expected to be around 15 per cent per annum between 2015 and 2020 & is slated to outperform the global pharmaceutical industry. .The market is expected to grow to US$ 55 billion by 2020. India's domestic pharmaceutical market is growing in leaps & bounds. As the population of India increases, demand for pharmaceutical products rises in proportion with it.
Seeing a good opportunity in the domestic market, We have recently (Oct. 2018) launched our own brand of two products. As a result of our market research, we decided to initially target the dermatology division of pharma. Two of our start up products are related to the dermatology segment. We have planned to launch 10 more new products in derma segment before the end of the 1st year, that is October 2019, of our domestic business. Many more product launches in other segments such as Cosmetology, Neurology, Nephrology & Orthopedic are planned.
Online Sale : We have also plans to take our business online. We have planned several products specially for online sale which will only include Ayurvedic /herbal & Nutraceuticals. There are two Unique products that have never been made in Ayurvedic segment which we are hoping to be our best sellers. And there are several other products planned. Initially online sales will only be for customers in India.