Post-monsoon Indian pharma market growth slips to 5.1% in October

The drop in growth for the month of October 2019 has been seen across the therapies.

After having one of the best quarters in about a year, domestic pharma market growth slipped to mid-single digits in October as the monsoon extended this year. 

According to data from the market research firm AIOCD AWACS, the Indian Pharmaceutical Market (IPM) growth  rate slipped to 5.1 per cent to Rs 1.22 trillion after an 11.9 per cent growth in September. During the July-September quarter, market clocked 11.5 per cent growth rate buoyed by growth in both volumes and prices. 

AIOCD noted, “What appeared to be good times ahead for IPM post the 11.9 per cent growth recorded in September 2019, October