A Case Study of Operational Strategies Adopted By Jyoti Remedies Essay

The global Pharmaceutical sector is worth US$300 billion and this is expected to rise to US$400 billion within three years. With 10 largest drugs companies controlling over one-third of the market, several have sales of more than US$10 billion a year and profit margins of about 30%. Of the top 10 six are based in the United States and four in Europe. It is predicted that North and South America, Europe and Japan will continue to account for a full 85% of the global pharmaceuticals market well into the 21st century. (wikipedia, 2014) In 2006, the US contributed 52 per cent of the pharmaceutical sector's growth, while the seven emerging markets of Brazil, Russia, India, China, South Korea, Mexico and Turkey referred to as â€Å"pharmerging† contributed 16 per cent combined. This year the pharmerging economies are expected to account for 51 per cent of the industry's growth, while the US has declined to -19 per cent. The Pharmerging Countries:- In reviewing each of the world’s emerging economies, the upcoming major players are generally classified as pharmerging countries and further they are divided in to three tier. (money control, 2014) Tier 1: China. With a GDP of more than $8 trillion, China is the world’s third-largest pharmaceutical market. Most of the growth in China come from branded generic products manufactured and marketed by established domestic companies, although demand for innovative products from multinational companies is rising in the country’s leading urban centres. Tier 2: Brazil, Russia and India. These countries are each expected to add $5-15 billion in annual pharmaceutical sales by 2014. Brazil and Russia both have achieved consistent double-digit pharmaceutical sales growth in recent years, while ... ...ogi, R. (2011). The indian pharma sutical industry: the emperical study. the emperical study, 40-48. Schuh and compay. (2013). Operational excellence in pharmaceutical indusry. 3-13. Jyoti Remedies. (2014, march 10). jyoti remedies. Retrieved from Jyothi remedies: http://www.jyotiremedies.com/html/index.html money control. (2014, March). Money Control. Retrieved from http://www.moneycontrol.com/stocks/top-companies-in-wor;d/net-sales-bse/pharmaceuticals.html reserch and markets. (2014, march 10). Retrieved from reserchandmarkets: http://www.researchandmarkets.com/reports/2043060/industry_insight_crams_contract_research wikipedia. (2014, march 10). wikipedia. Retrieved from http://en.wikipedia.org/wiki/Pharmaceutical_industry wikipedia. (2014, march 10). wikipedia. Retrieved from wikipedia: http://en.wikipedia.org/wiki/Pharmaceutical_industry_in_India