Pharma & Healthcare Analytics Is Going To Be The Next Big Thing In India
The Indian pharmaceutical industry has emerged as a significant contributor to the global pharmaceutical industry. As per the report by the Federation of Indian Chamber of Commerce and Industries (FICCI), ?India is the largest provider of generic drugs globally. Indian pharmaceutical sector industry supplies over 50 per cent of global demand for various vaccines, 40?
- The Indian pharmaceutical companies majorly consist of two segments namely API’s (Active Pharmaceutical Ingredients) and formulations.
- Both bulk drugs and formulations are usually available in both branded and generic forms.
- Generic products are the one exactly like branded pharma products in formulation usage and action.
- Innoplexus helps companies leverage analytics across various drug development process.
- Some of the notable companies are: Qure.ai is a Mumbai based health startup founded in 2016 that uses AI and Deep Learning to make diagnostic imaging like X-rays and MRIs affordable and accessible.
- They developed a platform called “Manthana” to provide healthcare solutions by detecting different diseases using machine learning software.