After growing by almost 9 per cent in March when consumers stocked chronic medication out of panic, the domestic pharmaceutical market declined by 11.2 per cent year-on-year (YoY) in April. The prime drag on the market was the drop in sales of acute therapy medicines like antibiotics, apart from dermatology and gynaecological drugs that witnessed a sharp fall.
According data from the market research firm AIOCD AWACS, the sale of anti-infectives (which comprise 11 per cent of the domestic pharma market) fell by 21.5 per cent, while gyanaecological drugs (around 5 per cent of the market) dropped by 23 per cent