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Cures fungal infection Cures diaper rashes Absorbs moisture Relief from itching Redness COMPOSITION Clotimazole I.P.......1.00% w/w Talc and starch Base...............Q.S
The value of the pharmaceutical market in India as on October MAT (Moving Average Total) 2011 is Rs. 50,000 Crore ($ 11.1 billion, assuming $ 1 = Rs. 45 conversion rate, euro 8.32 billion)
It is represented a growth of 17.6%.
India s pharmaceutical market represents 1.8% of the global pharmaceutical market in terms of value and 8% in terms of volume.
Globally, India ranks 4th in volume and 14th in value terms
India currently ranks 11th in the global OTC market size. It is estimated that it will reach 9th position within five years.
200 Crore Market of Dusting Powder
Demographic trends, lifestyles changes, growing economies, affordability, and awareness about self medication are driving the OTC market in emerging countries.
Its widened the market significantly. The pharmaceuticals industry is facing a major patent cliff -
Crocin at the time of switch was a single brand at Rs. 27 crore sales, today it is a three brand portfolio with more than Rs. 100 crore of sales. Revital at the time of switch in 2002 was just a Rs. 37 crore brand, and today it is more than a Rs. 170 crore brand.
Same is true for Digene a nd Volini, Itchguard - who creates and open up a new niche category for a problem which people are not too confident or keen to mention or discuss.
Majority of doctors are willing to prescribe OTC medicines, predominantly the General Practitioners (GPs).
Indian consumers confidently self-treat a wide range of common ailments such as cough, cold, fever, pain and skin allergies prains, heartburn and diarrhoea. When suffering from an ailment, consumer behaviour is as follows; Go to the pharmacist: 45% Go to the doctor: 24% Self-medication: 23% Do nothing: 9%
Pricing strategy Share in a cash or kind to Physicians will transfer to Distributor and Retailers.
Packaging Variations - Small SKUs
TV advertisements and Retail are the major source of information for OTC medicines
Dilip Amalani Distributor Deep Pharmaceuticals Member of Retail Dispensing Chemist Association (RDCA) & Committee member of PWA (Pharmaceuticals wholesaler Association)
Damjibhai Palan President of RDCA Prasad Danve - Secretary of RDCA
(www.indiaoppi.com) Ministry of Health and Family Welfare: http://mohfw.nic.in/ Drug Controller General (India): http://mohfw.nic.in/ph/tdghs.htm Central Drugs Standard Control Organization (CDSCO): http://cdsco.nic.in/index.html Medicines laws: http://cdsco.nic.in Department of Chemicals (Ministry of Chemical & Fertilizers): http://chemicals.nic.in/ National Pharmaceutical Pricing Authority (NPPA): http://nppaindia.nic.in/index1.html http://www.expresspharmaonline.com/20110315/management03.shtml
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