Oman is looking to strengthen its Pharmaceutical Industry both from the national level as well as from the international level. While, Indian pharma products are exported to more than 200 countries in the world. The Indian pharmaceutical exports include antiretroviral drugs, bulk drugs, intermediates, drug formulations, surgicals, biological, and Ayush and herbal products, among others. Germany is the second largest market for Indian drug exporters, after the U.S. Moreover, in India, the emergence of COVID-19 has pushed up sales of medicines and resulted in exponential growth for the pharmaceutical sector.
Despite the uncertain demand, the Indian pharma industry is working relentlessly to ensure the availability of life-saving drugs. The pandemic has hit hard India and Oman, and thus, with the increasing COVID-19 cases, the demand for safe and effective drugs is also increasing in India and Oman. This in turn is expected to propel the growth of the India & Oman Pharmaceutical Industry in the coming future. The prominent pharma industry trends include blockchain, additive manufacturing, artificial intelligence (AI), and other Industry 4.0 technologies.
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