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Indian Pharma Market Dec'17 Update - Growth remains steady at 7.8%

The previous year, for the pharma market closed on a static note. During the last month of the year, market grew by 7.8% v/s 8.1% in November.

Key Highlights for December

  1. Growth was 7.8%, slightly lower than the previous month
  2. During the nine month period (Apr-Dec’17), growth was modest 4.9%. Clear impact of GST and its before and after-effects!
  3. Weather (especially in North), came to the aid of the market! Anti-infectives did well to grow by 8.2%, the highest growth in the previous year for the        therapy. Similarly, Respiratory did very well with 14.9% growth, again highest growth.
  4. Gastrointestinal also did well with 7.6% growth, while Vitamins grew by 6.5%
  5. In major chronic therapies, while anti-diabetic continued with its double digit growth march with 10.4% growth, cardio slowed down, and had a low     single digit growth at 4.4%. Other chronic therapy – CNS, did well with 8.4% growth

 

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  1. In the 9 month period (April-December’17), only derma and anti-diabetics have shown double digit growth with 11.2% and 12.3% growth respectively.

7.  Growth Drivers for the previous month were - 6.1%   volume     growth, -1.3 % price increase & 3% due to new launches. Price is seeing downward pressure, with government also playing a role

8.  Most positive part of the December quarter was the  healthy volume growth at 5.9%, while price had de-growth at –1.5%, while growth due to new products fared comparatively better at 2.8%

 

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9.      Impact of FDC

a.     FDC market grew by 4%, while the non-FDC  market grew by 8.7%, while the single molecules grew at 7.1%

b.     For FDCs growth driver were - 0.5% price increase, 2.9% due to volume growth, while new products growth at 0.7%

c.     The non-FDC component growth drivers were – negative 0.5% growth due to price increase, 6% due to volume and 3.1% due to new products

d.     The Single molecules growth drivers were – negative 2.1% growth due to price increase, 6.3% due to volume and 3% due to new products

e.     Indian companies grew by 8.2%, while MNCs grew by 6.3%

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Major Highlights

December month Highlights

Pharma market clocked Rs. 10,000 crores with 7.8% growth

Corporate:

  1. Amongst the top 10 Corporates, Mankind had the highest growth at 19.9%, followed by Lupin at 12.9% and Alkem at 12.4%
  2. Amongst Top 50 Corporates, 40 had positive growth
  3. Amongst the Top 50 Corporates, Hetero had the highest growth at 38.8%, followed by Allergan at 34.9% and La Renon at 28.5%.
  4. Amongst the 11-20 ranked Corporates, Glenmark had the highest growth at 10.5%, followed by Sanofi at 8.6% and Intas at 7.9%
  5. Amongst the 21-30 ranked Corporates, Natco grew fastest at 14.8%, followed by Himalaya and Cadila at 9%
  6. Amongst the 31-40 ranked Corporates, Hetero grew by 38.8%, followed by Franco at 14.9% and Meyer Organics at 11.7%
  7. Amongst the 41-50 ranked Corporates, Allergan had the highest growth at 34.9%, followed by La Renon at 28.5% and Eli Lilly at 20.9%
  8. Amongst the 51-60 ranked Corporates, Corona grew by 17.3%, followed by Boehringer Ingelheim at 14.3% and Hegde & Hegde at 13.1%
  9. Amongst the 61-70 ranked Corporates, Shreya grew fastest at 26.4%, followed by Albert David at 14.9% and RPG Lifesciences at 12.9%
  10. Amongst the 71-80 ranked Corporates, Koye grew at 48%, followed by Ozone at 30.2% and East India 28.6%
  11. Amongst the 81-90 ranked Corporates, Leeford HC grew at 69%, followed by Modi Mundi at 29.2% and Veritaz at 20.6%
  12. Amongst the 91-100 ranked Corporates, Torque lead with 44.1% growth, followed by Galpha at 39.2% and Unison at 24.3% 
  13. Amongst the 101-150 few Corporates with good growth were United Biotech, Comed, Neon, Talent, Ferring, BMS, Mapra, Paras, Menarini, Bennet, Tas Med, Seagull, Glowderma, Strassenburg, Entod, KLM Pharma, Psychotropics

Companies

  1. Abbott HC grew by 4.7% while Abbott India had 11.4% growth
  2. Sun Portfolio had double digit growth at 11.9%, while Ranbaxy portfolio grew by 1.6% only

New Companies (launched within last 36 Months)

Total 23 companies have been launched in last 36 Months. Only 1 company crossed Rs. 10 crores in sales

Indian V/s MNC

  1. Indian companies grew by 6.3%, while MNCs grew by 8.2%
  2. Amongst the top 50 MNCs, Allergan grew fastest at 34.9%, followed by Eli Lilly at 20.9% and Boehringer Ingelheim at 14.3%
  3. In the non-NLEM category, Indian company’s growth was 9.2%, and that of MNCs was 6.9%


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NLEM, Non NLEM & Non-Scheduled Para 19 Market

The NLEM 2013 molecules segment grew at 3%, whereas the non-NLEM segment grew at 8.7% resulting in an overall growth of 7.8%

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Therapy

  1. 17 therapies had positive growth
  2. Among the fast-growing therapies were respiratory with 14.9% growth, vaccines with 10.8% and opthal with 15% growth
  3. Other good growth therapies were, gastrointestinal with 7.6% growth, derma had 9.6% growth and anti-infective 8.2% growth
  4. Among chronic, anti-diabetic grew by 10.4%, CNS by 8.4% and cardiac by 4.4%
  5. Anti-malarial again de-grew by 7.8% & VMS Market is growing at 6.5%

Regional Dynamics

  1. 29 regions posted positive growth
  2. UP East grew fastest at 26.4%, followed by North Karnataka at 17.4% & Haryana at 15.3%

Molecules

  1. Amoxycillin + Clavulanic Acid recovered with 10% growth. Glimepiride + Metformin remained stagnant at 0.56%
  2. Glimepiride + Metformin clocked Rs. 169 crores & Amoxycillin + Clavulanic Acid clocked Rs. 160.5 crores
  3. Azilsartan plain valued at Rs. 56.8 crores on MAT basis. Sofosbuvir and its combination reached Rs. 575.3 crores on MAT basis
  4. The Luliconazole is worth Rs. 233.2 crores on MAT basis, while Tenegliptin and its combinations are pegged at Rs. 586.4 crores.
  5. Paracetamol plain grew by 8.97%, plain Atorvastatin declined by 5.58%.  Probiotic Microbes had double digit growth of 15.28%, Pantoprazole plain grew by 7.36%, Montelukast + Levocetrizine had double digit rate of 18.81%, Voglibose + Metformin + Glimepiride  had double digit growth of 12.94%, Azithromycin plain grew by 6.62%

Brands

  1. Mixtard leads the pack with Rs. 47 crores sales, followed by Glycomet GP at Rs. 33 crores,  Spasmoproxyvon Plus at Rs. 38 crores, Lantus at Rs. 33 crores, Galvus Met at Rs. 33 crores  and Liv 52  at Rs. 24 crores and Janumet at Rs. 34 crores
  2. Few brands which gained ranks were Novomix (+3), Cilacar (+22), Udiliv (+15), Ultracet (+9), Duolin, (+27), Gluconorm G (+6), Telma H (+4), Allegra (+19), Synflorix (+11), Gemer (+4), Ecosprin AV (+11), Duphaston (+14),Pan D (+5), Istamet (+5)

Recent New Launch Molecule Performance

  1. Azilsartan, a recently launched molecule, now has clocked Rs. 57 crores, with 41 brands already launched. Zilarbi (Emcure) leads, followed by Aztric    (Intas) and Abel (Lupin)
  2. Luliconazole is worth Rs. 233.2 crores on MAT basis, with 37 brands in the market
  3. Benidipine molecule and its combinations now valued at Rs. 16.8 crores on MAT basis with Inzit (Eris) leading, followed by Benitowa (Akumentis) and  Benipack (Koye) 
  4. Acotiamide molecule is now valued at Rs. 43 crores on MAT basis with Acogut (Lupin) leading, followed by Actapro (Sun) & Acotrust (DRL)
  5. Dulaglutide launched by Eli Lilly with its brand Trulicity, now valued at Rs. 19 crores

New Launches (launched in Dec-17)

Anti-diabetic saw 2 new launches, VMS category had 4 brands launched, 5 brands launched in cardiac, while derma and gastro had 35 and 18 new brand launches respectively

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