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    Why Is There An Increasing Need For Pharmaceutical RND? Aging Population

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    Harshad Pawali
    Pharmaceutical companies play a vital role in healthcare by discovering, developing, and manufacturing drugs to treat diseases ranging from minor to complex chronic conditions. They have various facilities and divisions, including manufacturing units, research and development units, and marketing units. Pharmaceutical research and development is increasingly important due to factors like aging populations with greater health needs, changing lifestyles leading to new health issues, rising incomes associated with more chronic diseases, and global trends like urbanization affecting the environment and health. India's large pool of scientists and engineers has the potential to further advance the country's important position in the global pharmaceutical industry.

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    Why Is There An Increasing Need For Pharmaceutical RND? Aging Population

    Uploaded by

    Harshad Pawali
    42 views2 pages
    Pharmaceutical companies play a vital role in healthcare by discovering, developing, and manufacturing drugs to treat diseases ranging from minor to complex chronic conditions. They have various facilities and divisions, including manufacturing units, research and development units, and marketing units. Pharmaceutical research and development is increasingly important due to factors like aging populations with greater health needs, changing lifestyles leading to new health issues, rising incomes associated with more chronic diseases, and global trends like urbanization affecting the environment and health. India's large pool of scientists and engineers has the potential to further advance the country's important position in the global pharmaceutical industry.

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    Pharmaceutical Research and Development Center

    Original Title

    Rnd

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    Pharmaceutical companies play a vital role in healthcare by discovering, developing, and manufacturing drugs to treat diseases ranging from minor to complex chronic conditions. They have various facilities and divisions, including manufacturing units, research and development units, and marketing units. Pharmaceutical research and development is increasingly important due to factors like aging populations with greater health needs, changing lifestyles leading to new health issues, rising incomes associated with more chronic diseases, and global trends like urbanization affecting the environment and health. India's large pool of scientists and engineers has the potential to further advance the country's important position in the global pharmaceutical industry.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    42 views2 pages

    Why Is There An Increasing Need For Pharmaceutical RND? Aging Population

    Uploaded by

    Harshad Pawali
    Pharmaceutical companies play a vital role in healthcare by discovering, developing, and manufacturing drugs to treat diseases ranging from minor to complex chronic conditions. They have various facilities and divisions, including manufacturing units, research and development units, and marketing units. Pharmaceutical research and development is increasingly important due to factors like aging populations with greater health needs, changing lifestyles leading to new health issues, rising incomes associated with more chronic diseases, and global trends like urbanization affecting the environment and health. India's large pool of scientists and engineers has the potential to further advance the country's important position in the global pharmaceutical industry.

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    Pharmaceutical companies play a vital role in the healthcare sector.

    It discovers, develops and


    manufacture the formulations for a wide variety of diseases. It include from a simple diseases/
    conditions to a complex or chronic conditions/diseases. These drugs helps to prevent, control or
    treat these diseases/conditions. Development of a drug involves a wide variety of processes. Depend
    upon their plants activity, the overall pharmaceutical companies can contain following types of
    facilities/divisions as shown below

    1) Manufacturing units

    2) Research and Development units

    3) Marketing units

    The pharmaceutical industry has made a great deal of progress over the last decade due to a
    research-oriented approach that has improved technologies, developed infrastructures, and
    increased research in the field of bioscience.

    Why is there an increasing need for pharmaceutical RnD?

    Aging population

    Worldwide, the average human life span has increased substantially over the last few decades.
    However, more infections and diseases have come along with this longevity growth. This has led to
    increased research on aging populations. The goals are to prevent infections and maintain health so
    that these populations can enjoy better lives.

    Changing lifestyles

    Hectic daily schedules have led to unhealthy eating habits, a lack of exercise, less sleep, and other
    problematic lifestyle choices. This has resulted in high obesity rates, poor digestion, hallucinations,
    breathing difficulties, and other physical problems. Health supplements have been introduced to
    remedy all of these issues, reduce the chance of getting sick, and meet daily nutritional needs
    through vitamins and minerals.

    Increased income and chronic diseases

    The middle class has been growing in both the emerging and developed markets. People in these
    markets have more disposable income and expect better healthcare solutions.Chronic disease cases
    have risen in number. This has made people become more dependent on medications and health
    supplements.
    Other economic trends

    Globalization and urbanization have led to increased environmental disturbances. These are major
    driving forces in the growing demand for improved medication and health supplements for each age
    group and geographic location.

    Why and Whom

    India enjoys an important position in the global pharmaceuticals sector. The country also has a large
    pool of scientists and engineers who have the potential to steer the industry ahead to an even
    higher level.

    Road Ahead

    Medicine spending in India is projected to grow 9-12 per cent over the next five years, leading India
    to become one of the top 10 countries in terms of medicine spending.

    Going forward, better growth in domestic sales would also depend on the ability of companies to
    align their product portfolio towards chronic therapies for diseases such as such as cardiovascular,
    anti-diabetes, anti-depressants and anti-cancers that are on the rise.

    The Indian government has taken many steps to reduce costs and bring down healthcare expenses.
    Speedy introduction of generic drugs into the market has remained in focus and is expected to
    benefit the Indian pharmaceutical companies. In addition, the thrust on rural health programmes,
    lifesaving drugs and preventive vaccines also augurs well for the pharmaceutical companies.

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