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We would like to emphasize that in this note we cover a sector, which largely consists of allopathic prescription drugs and formulations. Thus we exclude from our analysis traditional systems of medicine, as also the growing sector of over the counter medications.
At the end of FY01, the Indian pharmaceutical industry had over 23,000 units, although this number cannot be authenticated. Around 260 players constituted the organized sector while 6,000-8,000 players existed in the small-scale sector. The industry is highly fragmented, with the largest formulation players having a market share of less than 6%...
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