Futuristic Role of Novel Drug Delivery Systems In Indian Pharmaceutical Market.

Prateek Bhargava; Dr. Anju Goyal

Volume : V, Issue : IX, September - 2016

Futuristic Role of Novel Drug Delivery Systems In Indian Pharmaceutical Market.

Prateek Bhargava, Dr. Anju Goyal

Abstract :

The domestic Indian Pharmaceutical Industry, once termed as the most progressive and highly growth oriented sector is witnessing a paradigm shift. The growth of the industry has slowed down due to various political, economic, social and environmental factors. The revenues have also dipped due to newer and more stringent governmental controls and better public awareness. The companies� profitability has taken a hit and the Industry is looking at newer avenues for driving the growth in both short and long term. One of the major such avenue is the development of Novel Drug Delivery Systems. Globally the market for NDDS has already taken off with more and more players jumping into the NDDS development and marketing. This article looks into current scenario of the Indian Pharmaceutical Market and the future of Novel Drug Delivery Systems as a tool to fuel the growth.