Pharmaceutical Industry In India Economics Essay

Pharmaceutical Industry In India Economics Essay India pharmaceutical industry is one of the worlds largest and it has been ranked 4th in the world in terms of production volume and 13th in domestic consumption value. The worth of Indias pharmacetical industry is $4.5 billion and it has been growing at the rate of 8% to 9% annually. Over the last 30 years india pharmacetical industry has evolved from almost nonexistent to a world leader in the production of high quality generic drugs. There are 20,000 registered units so, this show that indian pharmaceutical industry is highly fragmented. 70% of the pharmacetical market has been controlled by the leading 250 companies. The government has control over the price and there is severe price competition. 70% of the countrys demand has been met by the pharmaceutical industry. 1.PORTERS 5 FORCE MODEL Indian pharmaceutical business environment is extremely competitive and where perfect competition exits, the profits of the firms operating in that industry will become zero, but however this is not possible because, firstly no company is a price taker this means that no company will operate where the profit is zero every company needs some profit to sustain themselves in the market. Secondly they strive to create a competitive advantage to thrive in the competitive scenario. Here, we apply this model for the Indian pharmaceutical industry. Industry competition Indian pharmaceutical industry is highly competitive with as many as 10,000 different players fights within themselves. The rivalry in the industry can be judged from the fact that the top players in the industry has roughly around 6% market share and the top players in the market has roughly around 18% market share this shows that the market is highly competitive. The industry is very attractive for new players to enter, so the growth prospects is quit high. Another factor that adds to the industry rivalry is the fact that the entry barriers to the industry are very low this factor also attracts new players in the market. Product differentiation also differentiate the companys product and gives a competitive advantage to the firm in the industry. Companies like Pfizer and glaxo have emerged as a big company over the years, which act as a product differentiation tools. So as product patents have come into play from 2005, product differentiation will enhance over the long time. Bargaining power of buyers The end user of the product is different from the influencer in pharmaceutical industry and thats the doctor. What ever the doctor say the consumer has to buy that only the consumer has no option but to buy what the doctor says. But when we look at the buyers power, we look at the influence they have on the products price. The buyer in this situation does not have much power in the pricing of the products price. But the government through its policies plays an important role in regulating the price through NPPA (National Pharmaceutical Pricing Authority). Bargaining Power Of Suppliers The pharmaceutical industry depends upon many organic factors. Then again the chemical industry is very competitive and fragmented. The chemicals that are used in pharmaceutical industry are mainly a commodity. The bargaining power of the suppliers is very low and a company can switch suppliers without incurring a very high cost. But however, suppliers can go forward integration to become a pharmaceutical company. Companys like orchid chemicals and sashun chemicals were basically a chemical companies which later become into pharmaceutical companys. Barriers To Entry Indian pharmaceutical industry is one of the most easily accessible industry in the country. It requires very low capital and the point of sale is restricted, as regional distribution network can be created easily. However the key for long term survival is the company has crate brand awareness and franchisee amongst doctor. In establishing new manufacturing operations, there might be some problem due to quality regulations by the government. Going forward the impending new patents regime will raise the barriers to entry. But market for generics is huge, so it wont discourage new entrance. Threat Of Substitutes Pharmaceutical industry has an infinite future. This is one of the greatest advantage of pharmaceutical industry. This is also one of the reason for high competition in the industry. The biggest advantage is that whatever happens the demand for pharmaceutical products would always be there. PESTEL ANALYSIS Political Factors The Government is controlling the price of the pharmaceutical goods through NPPA , that too on the basis of approved costs. From January 2005, there was Patent Act imposed in India. The patented drug is now manufactured using the same chemical route and is manufactured by the inventor or licentiates by using the chemicals in same specifications. So there is no difference in purity or impurities among all the brands having same active ingredient. The competition among different brands is now based on input-related innovations like packaging, colour etc. This is the biggest change that environment has imposed on the industry. The marketing effort is now more focused on innovation, operations, logistics and communications. After January 2005, the finished pharmaceutical goods became more expensive as the government started charging Excise Duty on the MRP instead of the cost of manufacturing. Due to which many a life savings drugs have become unaffordable to the poor. The minister in charge of the pharmaceutical industry in India is threatening to impose strict price control. Due to which many investment plans are going stagnant Economic Factors A very small portion of the GDP is spent on healthcare. This has stunted the demand. The expenditure on healthcare is a very low priority because per capita income of an average Indian is very low. When there is an emergency then only an Indian would visit a doctor. Due to which many unqualified doctors have started to come up and non-standardized medication have started to spread. In India there are lot of taxes. There is excise duty (State and Central), Custom Duty, Profession Tax, Service Tax, Income Tax, Royalty, License Fees, Hazardous Substance handling and other charges to be paid. This amounts to not less than 40-45% of the costs. The availability of pharmaceuticals is affected as there are few registered medical practitioners. The distribution of medicines is also affected as there are few medical shops. As a result the distribution costs also increases. The interest rate is high in India. As a result the cost of funds is double than that in America. This adds to the cost of goods. There is lack of storage and transportation facilities for special drugs. The quality of the drugs administered is affected and this adds to the costs. The network of transport (road and rail) is poor. So it takes longer time to transport. As a result the inventory carrying costs are higher and the delivery time is also very long. But now good quality highways have been constructed. Social Factors The eradicated and preventable diseases like Malaria, chicken pox and TB still prevail in India due to poverty and malnutrition. Around 1 million children under the age of 5 die each year in India due to poor sanitation n health care. People prefer using household treatments for common ailments. This tradition has been handed down for generations. The increase in pollution is also causing lot of health problems in India. Due to early child bearing the health standards of women and children are affected. Technological Factors There are being discovery for newer medications, molecules and active ingredients. Lot of advancement have been made in Stem-cell research and Bio-technology. As a result, India has moved ahead. Efficiency has also increased with computerization and advanced automated machines, increasing the output and reducing the cost factor. Ayurveda has become a well recognized science and it is providing the industry an extra competitive advantage. AIDS drugs, Insulin and Hepatitis vaccines have given the industry a pioneer status. Development of Over the Counter Drugs and Outsourcing(Pharmaceutical Industry). Â  Environmental Factors India is still ill equipped to deal with spread of Air-Borne and Water-Borne Diseases like Swine Flu, chicken gonia due to which many people is infected and many people have died. Proper treatment and disposal of bio-wastes like syringes. Proper treatment and disposal of chemical wastes produced during the manufacturing of drugs and pharmaceuticals. Pollution and hygienic conditions like poor sanitation causes diseases. Legal Factors In March 2005, a new Patent Law was passed. According to that Indias pharmaceutical sector is no longer protected by the patent law. Hence the companies have started focusing on innovation rather than imitation. The government controls the pricing of the drugs through NPPA. Key Drivers For Change 1.Growing Population And Improving Income-: the earning capacity of people have increased in the past couple of years and the proportion of middleclass in india population has also increased. As the earning capacity of people has increased there is a greater demand for medical facilities and pharmaceutical products. 2. Changing Life Style-: Rise in income and as more and more people are getting educated this has resulted in change in life style. Changing life style however is leading to a change in disease profile especially in urban areas. 3. Research And Development-: Indian companies are largely focused on chemical synthesis of molecules and their cost effective production thereof. As medical science has improve with the help of new technology Indian scientists have develop a high degree of chemical synthesis skills. This skills has help Indian company to provide quality products not only to domestic market but also has helped them to go abroad. 4. Insurance Sector Giving A Lift-: Indian insurance sector has also been one of the reason in the change in the attitude of the people towards health care. As large section of Indian population are covered by health insurance schemes people are more willing to spend on their health. Industry Life Cycle The various stages of industry life cycle are : The Indian pharmaceutical industry is in the growing stage with lot of promising increase due to the increased economic presence of Indian economy. The Indian economy is expected to grow at the rate of 7-8% per annum and the pharmaceutical industry is also expected to grow at the 14-15% per annum. Foreign companies are also now finding Indian pharmaceutical industry as a very good and profitable investment. The government of india has also been promoting and helping the pharmaceutical industry to grow in many ways. Future Scenarios One of the scenario can be as india is one of the most populated country in the world the demand for health care products and pharmaceutical products will never come down. India is the second largest populated country in the world with a large number of patients and the fourth largest pool of medical professionals in the world. As Indian economic is also improving the earning capacity of a person has also increased in couple of years this has also increased the demand for quality health care products and pharmaceutical products. With the help of rapidly improving technology and support industries such as labs and hospitals and with the help of IT industries with is supporting the RD process and clinical trials are further advantage. Big pharma companies are also been attracted because of the population of the country and the fact that the country offers 700,000 specialty hospitals,221 medical college and skilled English speaking medical personnel Another scenario can be that india can produce better quality health care products and pharmaceutical products at lesser price as compare to other country. A number of foreign companies are trying to set up there RD centers in india. From the last couple of years around 25 contract research organization and almost all the multinational companies have started there research full fledged this shows that india can become one of the largest producer of health care products and pharmaceutical products in the coming years. Reputed institutions has also been established over the last decade to train physicians in ICH-GCP guidelines. In india, big companies are spend more in india as compare to other country in the FY year 2003-04 companies have spend round about USD 59.4 where as in the previous year companies have spend only USD 29.16 million a growth of 104% when we compare it with the previous year and it is projected to grow 8-10 times every year at this rate india can become one of the largest producer of health care products and pharmaceutical products. Another scenario can be as india is a developing country there is more opportunity for the pharmaceutical industry to grow this is also one of the factor that is attracting new investors to invest in pharmaceutical industry. As India is a developing country there are less competitors in the market and the demand for the product is very high as compared to developed nations and as compared to other develop nations the margin level is also very high because the cost of production in india is very low. Company can create a good brand image about their product in the minds of the customer as there are only some competitors in the market.

Anna M. Kerttula’s “Antler on the Sea” Essay

In her book, Antler on the Sea, Kerttula discusses how Soviet government policies aimed to integrate the northern peoples of the USSR in reality helped the groups to maintain their identities as they defined themselves in opposition to one another. According to Kerttula, â€Å"in Sireniki, the very system that sought to control and homogenize difference reinforced it† (155). Kerttula illustrates the extent to which much of the native culture has survived the Soviet period. This trend is particularly prevalent as Kerttula progresses through her descriptions of Yup’ik, Chukchi, and ‘Newcomer’ lifestyle and practices. The development of collective group identity and cultural transformation among northern indigenous peoples in the Soviet Union was heavily influenced not only by the structure of the Soviet system but also by the provoking of oppositional relationships between the groups. Kerttula effortlessly explains the interrelationships of the many opposing ‘forces’: tundra and sea, Yup’ik and Chukchi, natives and newcomers, and old and new ways in the North. These relationships were based on prior cultural forms, symbols and meanings but as a result of Soviet influence, local cultural boundaries were transformed and the ensuing dialogue of difference was encouraged. As Kerttula asserts, it is the â€Å"we/they dichotomy that for many anthropologists defines an ethnic group† (152). The Soviet state, with its ideological, political and economic goals, changed the structure of the interactions between local and immigrant groups, but was unable to change the cultural content of their discourse. According to Kerttula, historically the Yup’ik, Chukchi and Russians had very limited contact with one another. Prior to forced relocations and settlements that occurred with collectivization, the Yup’ik lived at Sireniki and met with the Chukchi occasionally for the limited purpose of trade (123). After collectivization the three groups were forced to live in a single locality and thus new dynamics and an increased frequency of interaction changed the ways that the Yup’ik, Chukchi, and Russians (Newcomers) worked together. As Kerttula points out, the cultural definitions and descriptors of the three groups were not always in agreement; quite often they clashed. For example, Kerttula generalizes on the Newcomer’s feelings of superiority to the Yup’ik  and Chukchi. Accordingly, â€Å"this attitude of superiority was intensified by the physical separation of the three groups, both at their place of work and in their free time† (152). It was the Newcomer’s familiarity with the Russian social structure that in fact led to this so-called ‘superiority’ (152). Similarly, the Yup’ik and Chukchi view one another as, for instance, receiving favoritism in their language instructions at the local school. Parents are cited as believing the other group to be receiving better instruction: â€Å"The Chukchi complained that there were more Yup’ik lessons than Chukotkan, and Yup’ik parents complained that the quality of the Yup’ik lessons were substa ndard† (154). Unlike the Nivkhi described by Grant, the Yup’ik and Chukchi do not express a feeling of ‘culturelessness’. As both groups have been able to maintain dominant aspects of their traditional lifestyle, the sense of loss seemed to be felt to a lesser degree (although they did ‘lose’ language and the freedom to hunt whales). The Yup’ik could remain defined primarily by their affinity for and connections to the sea while the Chukchi could remain defined primarily by their affinity for and connections to the tundra. Modernity within the community of Sireniki was integrated in a way that was advantageous for the people. As Kerttula points out however, instead of questioning the government’s socialist tactics, most looked more locally to the ‘others’ in the community (151, 153). These collective identities enabled the Yup’ik, Chukchi, and Newcomers to accept Soviet designated social and economic conditions by infusing these conditions with their own cultural knowledge, making them meaningful and reproducible. Kerttula captures the disharmony tolerated by indigenous people in the Soviet period as they retained their own beliefs and customs while adapting to altered environments and economic change. As Kerttula reiterates many times, modernity has brought many unexpected and unwelcome changes. Most importantly, the state has used the discourse of modernity to once again portray indigenous peoples in a way that suits their needs as an administrative body. Instead of looking to the heavy restrictions enforced by the Soviet system, the people of Sireniki â€Å"focused their discourse on each other† and looked to each other as being a source of some of their problems (155). Toward the end of her book, Kerttula points out a fundamental problem in the collective group definitions: if the groups defined their identities in opposition to one another, what happens to those who married cross-culturally? In her discussion of possible division within the community into different associations, this problem came to the forefront. As one of Kerttula’s informants asks, to which association would the child of both Yup’ik and Chukchi parents belong? (152). Theoretically the three groups existed separate from the other two. In reality though, intermarriage and the creation of friendships were relatively common inter-ethnically. The individual cultures were not only subjective, but also laden with political and social questions of identity and personhood (151). What makes the case at Sireniki unique is that three distinct cultural groups were essentially forced to live together in relative peace while each simultaneously sought to prolong and promote their own traditional practices and beliefs. Kerttula’s investigation and analysis is of how collective identities were facilitated among the two indigenous groups and one immigrant group in order to maintain their cultures in the face of rapidly changing social and material circumstances (153).

What Everyone Else Does When It Comes to Samples of Cause and Effect Essay and What You Should Be Doing Different

What Everyone Else Does When It Comes to Samples of Cause and Effect Essay and What You Should Be Doing Different There's, clearly, a limit on the variety of pages even our finest writers can produce with a pressing deadline, but usually, we can satisfy all the clients seeking urgent assistance. You may also get a variety of discounts on our site which will help you to save some more money for future orders or anything you want to spend them on. There's no one better than them to aid you with the samples that you're looking for. Additionally, my urge to participate in society advancements steers the career substitute. Cause and effect is a good option for those who want to better their skills not just in writing but logical thinking also. Bear in mind your time is limited and you don't need to waste any of that attempting to develop an incorrect topic. The rest is quite busy with everyday duties, and there's never enough moment. Introducing Samples of Cause and Effect Essay To make it short, we'll offer the brief versions. Generally, there are 3 varieties of cause and effect essays. There are 3 types of cause and effect essays which can be written, but they're all very similar in written structure. You may not wind up using all the causes and effects listed in your chart. Upset man returns to normal when it's the reason for the disorder. Eating disorders are a critical health issue. In summary, it's evident there are several causes of obesity amongst children, and a number of negative consequences. The first source of obesity is too obvious and it's a huge intake food. In everyday life you've already employed the fundamentals of analysis of causes or effects. The analysis is centered on both the causes and the impacts of the event. The analysis is centered on causes that result in the function. Samples of Cause and Effect Essay - the Conspiracy For instance, if you've got to submit a paper in chemistry, you will absolutely be assigned a chemistry aspect. Every one of them considers their specialty the most important one, which can be readily understood. Therefore, only a specialist in your sphere of research will finish your paper. Once more, you'll have to demonstrate your detailed wisdom and analytical mastery of the area. Cause and effect is among the most typical kinds of essays. Make certain you attach required guidelines and other materials if they're essential for the paper completion. The initial two sections of your paper following your introduction can cover both items that you're comparing and contrasting separately. Selecting the essay topic has to be carried out carefully. Possessing good essay examples provides the reader an in-depth and on-the-court idea about what a well structured and coherent essay appears like. Everybody has the urge to look like the actors and actresses do but, in fact, it simply won't happen for the majority of us. To have the ability to collect all the pieces of your work in 1 story, you want to use transition words and phrases, which will build so-called bridges between different parts of the essay. Before you commence working on cause and effect essay outline the very first thing you have to do is to select a winning topic. Depending on the sort of work you're citing, you might have to include extra details. A superb structure will lead to a superb paper, therefore it's important to get a plan prior to starting. Being into depressive condition someone isn't able to response.

Biological Psychology Paper - 1189 Words

Running Head: Biological Psychology Paper Biological Psychology Paper Biological Psychology Paper Biological psychology is a vital part of psychology; without it psychology would not be considered a science, rather it may still be considered an art. Biological psychology has an extensive history, and each step has brought us closer to the reality that the brain is our main power source, and how much it affects our behavior. There have been many scientists and theorists that have contributed to the field of biological psychology, each having their own beneficial impact. As stated, biological psychology is vital to psychology, as well as other fields in psychology and neuroscience. Biological psychology seems to bring to mind many†¦show more content†¦5). This theory of Nemesius’ was not challenged for 1500 years! Rene Descartes (1596 – 1650), believed that the mind and body were completely separate; he also proposed the idea that the pineal gland was where the mind and body worked together; â€Å"but, perhaps most important, Descartes’ work provides a great impetus for experimental research, and not least because some of his ideas could be tested† (Wickens, 2005, p. 6). Italian Luigi Galvani experimented with frogs legs and came to the conclusion that â€Å"nerves are capable of conducting electricity and their ‘invisible spirit’ must be electrical in nature† (Wickens, 2005, p. 7). In 1875, anatomist Camillo Golgi â€Å"discovered a new stain that allowed individual nerve cells to be observed† (Wickens, 2005, p. 8). This method had a huge impact on the field of biological psychology because it allowed scientists to view a variety of cells in the brain. Ramon y Cajel (1852 – 1934) used this technique and he ended up describing â€Å"the neural anatomy of almost every part of the brain†; â€Å"he was one of the first to understand how information might travel throughout the neural circuits of the brain† (Wickens, 2005, p. 8). Cajel also discovered that the neurons were individual units. In 1865 Gregor Mendel was the first to propose â€Å"the idea that transmissible units were the means by which inherit ance occurred† (Wickens, 2005, p. 368). InShow MoreRelatedBiological Psychology966 Words   |  4 Pages1. Individual Assignment: Biological Psychology Paper †¢ Resources: Assigned readings, Electronic Reserve Readings, the Internet, and/or other sources †¢ Prepare a 700- to 1,050-word paper in which you analyze biological psychology. Be sure to address the following items in your analysis: o Define biological psychology and examine its historical development. o Identify three influential theorists associated with biological psychology. o Describe the relationshipRead MoreThe Importance of Biology in the Study of Psychology Essay991 Words   |  4 PagesThe Importance of Biology in the Study of Psychology Ashley B. McVey Cecil College Abstract Whether it is the study of biopsychology and other fields of psychology or neuroscience, all psychologists and scientists are trying to understand the functions of the brain. The body and mind connection and how it reacts to certain behaviors or illnesses. Most all psychological functioning can be reduced to underlying brain processes. This should serve as reason alone as to why biology plays anRead MoreFoundations of Psychology Paper785 Words   |  4 PagesRunning Head: FOUNDATIONS OF PSYCHOLOGY PAPER Foundations of Psychology Paper PSY/300 November 7, 2011 Betsy Ferronato Foundations of Psychology Paper * This paper will discuss the major schools of thought in psychology and examine their major underlying assumptions. The paper will also identify the primary biological foundations of psychology linked to behavior. According to our reading in psychology is the scientific investigation of mental processes and behavior. Mental processesRead MoreIndividual Differences Among People Are What Defines The Boundaries Of Personality882 Words   |  4 PagesPersonality psychology discusses emotionality with general focuses on its involvement with the emotional mind and its portrayal in the outside world. According to the literature, emotionality includes a variety of contexts, almost exclusively referring to the social relationships and maturation of children and adolescents. Often in the discussions on emotionality, there is a connection to the Big Five trait, neuroticism. In this account, a comparative approach to both the biological perspective andRead MoreHistorical Perspectives of Abnormal Psychology1320 Words   |  6 PagesHistorical Perspectives of Abnormal Psychology Susan Hardin University of Phoenix Abnormal Psychology PSY/410 Krisit Lane, Ph.D. October 25, 2011 Historical Perspectives of Abnormal Psychology Historical perspectives of abnormal psychology sounds complicated, mainly due to the differing definitions, or interpretations, of what is considered abnormal. Identifying someone at work or in a social situation who appears to be behaving abnormally is easier to spot than it is to define theRead MoreGender Biased in Medicine648 Words   |  3 PagesSince the beginning of evolution, females have been subjected and objectified based on their gender. History taught us that when during the 19th century, Charles Darwin, an English naturalist and geologist stated in his papers â€Å"The Origin of Man† (1859) and â€Å"Descent of Man† (1871) that men were superior to women. Unfortunately, such subjections to women still persist today; in politics, education, labor and surprisingly in science. Science supposed to be unbiased in disregard of gender. ScientistRead MoreHistory of Psychology Paper1294 Words   |  6 PagesHistory of Psychology Paper Jessica PSY/310 May 3, 2010 CERTIFICATE OF ORIGINALITY: I certify that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind, which I received while producing this paper, hasRead MoreHistorical Perspective of Abnormal Psychology1014 Words   |  4 Pagesï » ¿Running head: ABNORMAL PSYCHOLOGY Historical Perspective of Abnormal Psychology [Students Name] [Name and Section no of Course] [Instructors Name] [Date] Introduction Abnormal psychology can be defined as the study of mental disorders. It includes the topics and problems that are very common in our daily lives. TV, newspapers, magazines and websites, frequently expose the cases of celebrities and famous personalities that suffer from drinking, eating or some other kind of mental disorderRead MoreThe Diver810 Words   |  4 Pagesse Nature of Psychology The Diverse Nature of Psychology Christine Woyner PSY 490 September 19, 2011 Edna Foster The Diverse Nature of Psychology The diverse nature of psychology begins with making a difference in a diverse setting. This involves the implementation of critical psychology concepts, subdisciplines and subtopics, motivation, behaviorism, and cognition. Moreover, these subdisciplines and subtopics may be applied to other disciplines in contemporary society. In additionRead MorePsy 250 Complete Course (Psychology of Personality) - a+ Work1520 Words   |  7 PagesPSY 250 Complete Course (Psychology of Personality) - A+ Work IF You Want To Purchase A+ Work Then Click The Link Below , Instant Download http://hwnerd.com/PSY-250-Psychology-of-Personality-Complete-Course-1138.htm?categoryId=-1 If You Face Any Problem E- Mail Us At Contact.Hwnerd@Gmail.Com Week 1 Individual Assignment Personality Reflection Write a 700- to 1,050-word reflective paper that addresses the following questions: o How would you define personality? o What are some key