Reduction in the use of raw materials, human resources and time, as well as reduced risk for final products of low quality due to digitally automatized control steps, directly increase the profitability.
The Indian Pharma sector is ranked third largest by volume in the global market and is currently valued at $41.7 billion and it is forecast to reach $65 billion by 2024 and $120 billion by 2030. Digital technologies like Artificial Intelligence, Machine Learning, 3D Printing, and Additive Manufacturing are helping Indian Pharmaceutical companies to step up R&D process, conducting tests in less time, improving efficiencies and compliances in manufacturing, and increasing profitability.
Technology has helped in delivery of evidence-based healthcare, allowed self-monitoring of chronic conditions, increased compliance to medication and enhanced concordance between patient and pharmacists.
Today pharma is recognised as a well-entrenched sector for our country’s economy and is anticipated to grow threefold in the decade. While it is expected to be a $65 billion industry by 2024. Digital transformation across the entire value chain was vital for enhanced patient care, greater transparency, cost-effectiveness, improved production and drug development.
The growing affordability of exponential technologies such as those that enable AI is bringing cost-prohibitive tools to the mass market, reducing production costs and enabling the creation of more individualized products and services.
Given the disruptive nature of these technologies, it will prove increasingly important for pharmaceutical manufacturing chains to be operationally agile. Informatic solutions that offer the versatility and scalability to extend capabilities as business needs change will give pharmaceutical manufacturers the best competitive advantage.
According to the International Society of Pharmaceutical Engineering, #Digitalization, an important comp.
Reduction in the use of raw materials, human resources and time, as well as reduced risk for final products of low quality due to digitally automatized control steps, directly increase the profitability.
The Indian Pharma sector is ranked third largest by volume in the global market and is currently valued at $41.7 billion and it is forecast to reach $65 billion by 2024 and $120 billion by 2030. Digital technologies like Artificial Intelligence, Machine Learning, 3D Printing, and Additive Manufacturing are helping Indian Pharmaceutical companies to step up R&D process, conducting tests in less time, improving efficiencies and compliances in manufacturing, and increasing profitability.
Technology has helped in delivery of evidence-based healthcare, allowed self-monitoring of chronic conditions, increased compliance to medication and enhanced concordance between patient and pharmacists.
Today pharma is recognised as a well-entrenched sector for our country’s economy and is anticipated to grow threefold in the decade. While it is expected to be a $65 billion industry by 2024. Digital transformation across the entire value chain was vital for enhanced patient care, greater transparency, cost-effectiveness, improved production and drug development.
The growing affordability of exponential technologies such as those that enable AI is bringing cost-prohibitive tools to the mass market, reducing production costs and enabling the creation of more individualized products and services.
Given the disruptive nature of these technologies, it will prove increasingly important for pharmaceutical manufacturing chains to be operationally agile. Informatic solutions that offer the versatility and scalability to extend capabilities as business needs change will give pharmaceutical manufacturers the best competitive advantage.
According to the International Society of Pharmaceutical Engineering, #Digitalization, an important comp
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Sun Pharmaceutical, India's largest drugmaker by market value, has agreed to buy Ranbaxy in a $4 billion all-stock deal.
Ranbaxy investors will get 0.8 share in Sun Pharma for every one of their shares. Agam Vakil shares details on the deal valuation and the shareholding pattern. Also, Bloomberg's Ketaki Gokhale tells you what may happen to Ranbaxy's U.S. FDA woes post the deal.
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Plenary Session 3: Disruption in Pharma and Med tech Sector – Moving up the value chain
The 19th edition of CII Annual Health Summit - CII 19th HEALTH SUMMIT 2022 held on 29th November 2022 with the theme “The Health Imperative - Awareness I Accessibility I Affordability I Accountability I Adaption” By 2030, 60% of the global population will be living in Asia - With a focus on continuing deliberations related to access, affordability, awareness and ease of adoption of technology on health, CII 19th Health Summit 2022 brought together leadership forum that centered the most critical challenges that India and the world is facing in delivering care, with the objective to resolve, offer novel solutions that would result in improved patient outcomes and experience. Through the deliberations at this Summit, insights on the need for adoption of technology and increasing capacity of the healthcare for making it more inclusive and accessible at all levels, by gathering a larger set of stakeholders, and working together on various policy regulatory guidelines and directing the winds that are likely to impact this sector directly were discussed and deliberated. CII is also the designated secretariat to B20 and with India taking on the G20 Presidency, the moment is opportune to steer the global narrative and deliberations around Health through the CII Health Summit thought leadership forum.
#CIIHealthSummit #CII4Health #Healthcare4All
CII 19th HEALTH SUMMIT | PLENARY SESSION 3: DISRUPTION IN PHARMA AND MED TECH SECTOR
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs South Africa in the World Cup T20 2024 season! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SA | World Cup T20 2024 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Zimbawe in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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Office Fun Challenge: Guess the Cricketers? #office #crictracker #cricketlover ????
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IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Bangladesh in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
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IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
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