ndia’s pharmaceutical industry, renowned as the “Pharmacy of the World,” has significantly contributed to global healthcare by providing affordable, high-quality medicines. With a vast network of pharmaceutical manufacturers india philippines, India has become a key player in exporting medicines worldwide. Among the countries benefiting from this expertise is the Philippines, where the demand for affordable and reliable medicines continues to grow. This article explores the relationship between Indian pharmaceutical manufacturers and the healthcare sector in the Philippines, focusing on how Indian companies, particularly Actiza Pharmaceutical Pvt Ltd, have strengthened healthcare delivery in the region.
India’s pharmaceutical industry is one of the largest in the world, contributing over 20% of the global supply of generic drugs. The industry is known for its ability to produce high-quality medicines at a fraction of the cost compared to other countries, making it a crucial partner for nations with developing healthcare systems. India’s pharmaceutical companies have a strong focus on research and development, allowing them to produce a wide range of products, from over-the-counter (OTC) medications to complex biopharmaceuticals.
The Indian government’s support for the pharmaceutical sector, through policies such as the Pharmaceutical Export Promotion Council (Pharmexcil) and incentives for research and development, has also bolstered the industry’s growth. This has enabled Indian manufacturers to meet international quality standards and cater to the needs of various countries, including the Philippines.
The healthcare system in the Philippines has been undergoing significant reforms in recent years, with a focus on expanding access to healthcare services and improving the quality of care. However, the country still faces challenges such as high healthcare costs, limited access to medicines, and a shortage of healthcare professionals. In this context, the role of affordable and accessible pharmaceuticals is critical in bridging the gap between healthcare needs and available resources.
Philippines healthcare system, with a substantial portion of medicines being sourced from abroad. Indian pharmaceutical manufacturers have emerged as key partners in this regard, providing the Filipino market with a steady supply of affordable and effective medicines.