Discover India’s Potential in Pharma market
THE DEMAND CATALYSTS
Major Key Trends in the Indian Pharmaceutical Market
India is a major producer of generic drugs, which are copies of branded drugs that have lost their patent protection. Generic drugs are typically much cheaper than branded drugs, driving their growth in the Indian market.
Biosimilars are copies of biologic drugs, which are made from living organisms. Biologic drugs are typically more expensive than traditional chemical drugs, but they are also more effective in treating certain diseases. The growing demand for biosimilars is being driven by the rising cost of biologic drugs and the need for more affordable treatment options.
Digital health is the use of technology to improve healthcare. This includes the use of mobile apps, wearable devices, and big data analytics to track patients’ health, diagnose diseases, and deliver treatment. The rise of digital health is being driven by the increasing availability of technology and the growing demand for personalized healthcare.
The Indian government is supporting the pharmaceutical sector by providing tax breaks and subsidies to research and development, this is expected to help the Indian pharmaceutical market to remain competitive in the global market.
Navigating Indian Pharmaceutical Regulatory Landscape
A Step-By-Step Guide to Pharmaceutical Product Registration
Step 1: Appoint an Indian Authorized Representative
Identify and appoint an Indian Authorized Representative who will be responsible for periodic follow-ups with the Health Authorities (HA) for the registration dossier.
Step 2: Ensure Access to the SUGAM Portal
Verify that the IAR has the required credentials to access the online SUGAM portal, essential for submitting various applications.
Step 3: Conduct Clinical Trials
Submit an application to conduct Phases I, II, and III of the clinical trials, carry out the clinical trials as per the approved application, and then submit the report of the clinical trials to the relevant Agency.
Step 4: Apply for Market Authorization Holding
Once the clinical trials are complete and the product has been found to be safe and effective, you can apply for marketing authorization from the CDSCO.
Step 5: Obtain the Import License
Submit an application to obtain the Import License, permitting the legal importation of the product into India.
Empowering your Success in the Indian Market
Taevas is at the forefront of this expansion, supporting businesses as they navigate and conquer new markets. Our comprehensive range of services for the life sciences include
Market access solutions
Unleash your business potential with seamless market entry and expansion solutions to captivate Indian market, and maximize business impact.
Propel your brand to new heights with dynamic strategies and captivating digital journeys, outpacing your competition in India.
Ignite your brand’s growth and multiply revenue with cohesive expert sales and distribution strategies strategies across Indian market.
DECODING THE PATHWAYS
Launchpad to the Indian Pharmaceutical Market
Partnering with a Distributor
Collaborate with an Indian Authorized Representative
Establish Your Own Entity
Embarking on Success with Taevas
Taevas stands ready to serve as your custom-fit partner in India, catering to your unique business requirements.
As Your Market Entry Partner
- As your Indian Authorized Representative (IAR), we ensure your regulatory compliance
- We identify potential distributors for your products and facilitate initial connections
- You will lead the further development of these distributor relationships
As Your Commercial Partner
- Along with being your IAR, we also act as your centralized distributor in India
- We identify and appoint local distributors in different regions of India, creating a wide and efficient distribution network
- You can focus on your core business, while we handle the complexities of distribution
As Your Operational Partner
- Along with being your IAR, we also initiate the building of your local presence in India
- We put together a dedicated team who takes charge of sales partnerships and manages the nuances of business operations
- We ‘Build’ the infrastructure and set up processes; we ‘Operate’ the business, and when you feel ready, we ‘Transfer’ the control to you
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