Market size of retail pharma India 2016-2023
India's retail pharmaceutical market was valued at around 25 billion U.S. dollars in financial year 2017, with a projection to reach 59 billion dollars by fiscal year 2023. With over 800 thousand pharmacies spread across the country, retail pharmacies are still the dominant medical distribution channels. Offline drug stores account for over 85 percent of the overall pharmaceutical sales and include sale of over-the-counter drugs, prescription drugs as well as a variety of FMCG products.
