Factors affecting the pharmaceutical industry:
-drug prices, FDA regulations, sales & marketing practices-2.
Loss of Patent Protection
- patent expiration, biogenerics, legal attack of patentvalidity, patent law reform, health crises. Patent expiration is no longer the only threatto patent protection.3.
Industry Player Environment
-outsourcing, M&A, spin-outs, future industrystructure. A churning of pharma industry players will continue as both large and smallcompanies fight for survival.4.
New Product Development
- R&D, poor quality drug candidates, slow production of novel drug discovery technology5. Socio-economic Trends -- greater end-user involvement, threat of bioterrorism, epidemiology, DTC advertising & customer confidence, employment, stock market performance, worldwide market
Social and Demographic factors:
As the population ages and the diseases increase, new medical needs emerge and thedemand for effective medicines rises accordingly. In Russia, around 15% of the population and 40% in China are above the age of 60.
II ECONOMIC ANALYSIS
India is one of the top emerging markets in the world. Many reasons account for this.
It has a huge talent pool of managerial and technical manpower and this providesit with a competitive edge in the global market.
The democracy promotes a transparent environment that includes a free press anda proper legal and accounting system.
It has a competitive and dynamic private sector that accounts for more than 75%of India's GDP.
Government has become more liberal and has reduced its control on foreign tradeand investment and is heading its way towards privatizing the domestic sector.
This has shown a marked increase in FDI and FII inflows (but we are lagging behind if we compare with China)
Since 1990, the economy of India has witnessed a decent growth rate of 6% andhas been successful in overcoming poverty by about 10%.
The weakness of India is the continuing public-sector budget deficit, which isnearly 10% of GDP, lack of proper infrastructure to support the growthmomentum, inflation (which is now easing).