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Indian Pharma Market March 2015 Update

With the end of March, FY14-15 came to close. In March, pharma market had another month of good double digit growth rate. Possible signs for a good FY 15-16?

Key Insights for March 2015 (based on AIOCD PharmaTrac Data)

1.     The market clocked 20.9% growth rate, 5 continuous months of double digit growth rate. The previous financial year (April 2014) started with 7.3% growth rate and ended much higher.

2.     The overall market revenue was Rs. 7389 crore in March

3.     March-15 also witnessed addition of Rs. 1275 crore over March-14, highest for the last 6 months. March-14 saw increase of just Rs. 326 crore over March-13.

4.     Impact of Sun-Ranbaxy Merger

a)     Post merger, Sun Pharma now becomes the No 1 Corporate in the market with a total revenue of Rs. 7695 crore and market share of 8.9%. Abbott moves to No 2 with a share of 6.22%. The new entity moves up into Top 10 in anti-infectives and would also have no. 1 position in other 4 therapies – Neuro / CNS, Cardiac, Gastro Intestinal, Pain & Analgesics on MAT Mar’15 basis.

b)    Sun which had a very low presence in Anti-Infectives, now enters top 5 ranking with a value of around Rs. 920 crore on MAT Mar’15 basis

c)     Merger helped Sun Pharma to boost its growth in Cardiac segment from 9.3% to 13.5% on MAT Mar’15 basis.

d)    Sun enters top 5 in VMS and Derma market on MAT Mar’15 basis

e)     Share for Indian companies in IPM will move up from 74% to 77%

5.     Macleods now moves into Top 10. Lupin & Pfizer too move up one rank each amongst top 10.

6.     For previous month, growth drivers were - 12.0% Volumes Growth, 5.6% due to Price Increase & 3.3% due to New Launches.

7.     Quarterly average for from price increase was 5.2%

8.     Quarterly growth was 17.3%, compared to 7.6% in the same quarter last year. It was the best quarter in the FY 14-15.

Major Highlights for Month of March 2015:

Corporate

1.     For the month of March 2015, amongst the top 10, Lupin grew by 32.4% followed by Macleods at 31.7% & Mankind at 28.7%

2.     22 corporate, amongst top 50, crossed the overall market growth

3.     Amongst the top 50 corporates, Akumentis had the highest growth of 74.0%, followed by Wockhardt at 44.0% & Allergan at 39.3 %

4.     46 corporates had double digit growth rate

5.     Amongst the 11-20 ranked corporates, Aristo had the highest growth at 36.9%, followed by Sanofi at 30.8% & Torrent at 30.5%

6.     Amongst the 40-50 ranked corporates, Allergan had the highest growth at 39.3% followed by Apex at 19.0% & Hetero at 18.2%

7.     Amongst the 51-60 ranked corporates, Eli Lilly grew at 40.3% followed by Troikaa at 32.2% & Systopic at 30.4%

8.     Amongst the 61-70 ranked corporates, Fresenius Kabi grew at 117.7%, followed by Boehringer at 101%. & UCB at 36.1%

9.     GSK entered Rs. 3000 crore bracket

 Indian V/S MNCs

1.     Indian companies grew by 21.0% versus 20.9% for MNCs in the previous month

2.     Amongst the top 50 in MNCs, Allergan grew by 39.3%, followed by Sanofi at 30.8% & Merck at 30.6%

3.     Under the Non-NLEM category, Indian Companies grew at 15,6% whereas MNCs grew at 22.1%

DPCO, Non DPCO & Non-Scheduled Para 19 Market

1.     The DPCO containing molecules market grew at 1.6 % whereas the non DPCO market grew by 21.7%  & Non -Sch Para 19 market at 15.6% resulting in an overall growth of 20.9%

2.     NLEM & Non-NLEM segments showed unit growth of 9.5% and 13.0% respectively. The Non-Sch Para 19 market had 13.2% units growth

3.     The DPCO 2013  portfolio for Pfizer grew at 25.6%, Ranbaxy 27.6%, GSK at 12.2% & Abbott 15.5%

Therapy

1.     All therapies had double digit growth rate, while 8 therapies grew faster than the market.

2.     Respiratory segment grew at 27.8%, Gastrointestinal at 23.4%, Pain & Analgesics at 16.5% whereas Anti-infectives grew at 22.0%

3.     In chronic segment, Anti-diabetic grew at 32.9% & Cardiac at 19.1%

4.     Derma market grew by 19.2% & Urology by 29.5%

Regional Dynamics

1.     13 regions outgrew the over market growth

2.     UP East market had the highest growth at 35.5%, followed by Tamil Nadu at 29.7% & North East at 28.9%

3.     No regions had negative growth in the previous month

Molecules

1.     Amoxycillin + Clavulanic Acid market grew at 27.9%, whereas Glimepiride + Metformin grew at 21.9% at No 2 position

2.     The Paracetamol grew by 26.7%, Atorvastatin by 17.5%, Probiotic Microbes by 21.3%, Cefixime by 28.7%, Pantoprazole by 17.7%, Montelukast + Levocetrizine by 35.0%, Glimepiride + Metformin + Pioglitazone by 26.7%, Vitamin-D by 36.7%, Hydroquinone + Mometasone + Tretinoin by 15.4%, Voglibose + Metformin + Glimepiride by 65.7%, Rosuvastatin by 24.7%, and Protein Supplements by 26.5%

Brands

1.     Mixtard continues to lead the pack with Rs. 36 crore sales in March

2.     Monocef grew at 60.2%, Augmentin at 42.5%, Glycomet-GP grew at 33.3%, Mixtard at 28.7% & Becosules at 24.1% amongst the top 10 Brands

3.     Few Brands who have gained ranks include Pentaxim (+454), Electral Powder (+158), Januvia (+68), Janumet (+59),  Spasmoproxyvon Plus (+53), Panderm Plus (+51), Monocef – O (+44), Shelcal (+41),  Jalra-M (+36), Tonact (+24), Dolo (+10), Taxim (+9),  amongst top 100 Brands over Mar -14

New Launches in IPM

1.     Total 185 Brands & 313 SKUs were launched in the previous month

2.     Top New Brands for March are Variped, Yondelis & Ozurdex

 
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