The Indian pharmaceutical sector is expected to reach US$ 100 billion, and the medical device market to US$ 25 billion by 2025. In FY20 the Pharmaceuticals export from India stood at US$ 20.70 billion. India’s biotechnology industry is expected to grow at an average rate of 30%, to reach US$ 100 billion by 2025 and India’s domestic pharmaceutical market turnover had already reached Rs 1.4 lakh crore (US$ 20.03 billion) in 2019 and this graph is only going upwards owing a lot to the post-crisis world as well.
Consumers today have become accustomed to the convenience and efficiency of E-commerce and Q-commerce. Having the luxury of getting products delivered at their doorsteps has given them the impetus to shop online for perishable and nonperishable items including healthcare products. Although the sector is accelerating
at exponential growth, the healthcare industry does face some challenges when it comes to last-delivery.
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