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.

Value of retail pharmaceutical market in India in financial year 2017, with a forecast up to 2023

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until October 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

May 2019

Region

India

Survey time period

FY 2017

Supplementary notes

*Forecast.
Note: India's financial year begins in April and ends in March. For example, FY 2016 started in April 2015 and ended in March 2016.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Pharmaceutical industry in India"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.