MFR July24
MFR July24
MFR July24
Report
July 2024
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1
Source: IQVIA TSA Dataset July'2024
IPM Key Highlights – July’24
-5
18,000 -10
-15
17,000 -20
Oct'23 18,986.0
June'24 17,730.0
July'23 17,816.5
Aug'23 18,700.9
Sept'23 19,173.8
Nov'23 18,002.3
Dec'23 18,066.8
Jan'24 17,937.5
Feb'24 17,970.2
Mar'24 17,387.6
Apr'24 19,534.2
May'24 18,915.4
July'24 19,883.2
-25
16,000 -30
• IPM monthly growth increased to 11.2% for July’24 from 6.7% reported
last month.
• MAT growth for July’24 was at 8%, which is higher than reported for last
four months.
60%
16.1%
220,000
10.6% 40%
7.9% 8.0%
5.7% 12.6%
170,000 20%
12.4%
18.2% 9.1% 10.0%
9.7%
9.6%
7.2% 6.7% 0%
3.4%
120,000
-20%
70,000
-40%
149039.8
109248.8
172999.3
186625.0
128309.8
206464.5
136966.4
222905.8
117075.6
92412.6
56627.1
63750.5
69549.4
78154.7
85939.4
20,000 -60%
MAT July'20 MAT July'21 MAT July'22 MAT July'23 MAT July'24
ACUTE CHRONIC OVERALL Acute growth Chronic Growth Overall Growth
22,000 40.0%
30.0%
18,000
20.0%
14.0% 14.0%
8.2%
10.2% 9.4%
12.1%
11.0% 10.0%
14,000 8.5% 6.1%
7.6% 9.3%
5.8% 6.1%
4.7% 0.0%
2.6%
10,000
-10.0%
-20.0%
6,000
13255.0
15377.2
10589.1
16740.5
11071.0
17877.5
12253.3
19883.2
-30.0%
8189.5
5065.5
9794.9
5582.3
6151.4
6806.5
7629.9
2,000 -40.0%
July'20 July'21 July'22 July'23 July'24
July month sale has always been higher than preceding June sale,
especially in acute segment. But July’24 growth has been the best in last 5
years as compared to preceding June, as shown in above chart.
20,000.0 40.0%
18,000.0
19.6%
10.7% 20.0%
16,000.0 10.2% 12.1%
8.3% 16.0% 8.9%
11.2%
14,000.0 1.5% 6.8% 10.7%
10.2% 8.1%
4.6% 0.0%
-2.4%
12,000.0
10,000.0
-20.0%
8,000.0
6,000.0
-40.0%
13255.0
15377.2
10589.1
16740.5
11071.0
17877.5
12253.3
19883.2
4,000.0
8189.5
5065.5
9794.9
5582.3
6151.4
6806.5
7629.9
2,000.0 -60.0%
July'20 July'21 July'22 July'23 July'24
Acute Chronic Overall Acute Growth Chronic Growth Overall Growth
• Anti-infective was the key driver for high monthly growth as the monthly growth
was higher than its MAT growth by 8.4%. Opthal/Otological therapy and Anti-
Viral therapy pulled down the monthly growth as the monthly growth was
considerably lower than their respective MAT growth.
• 13 Therapies out of top 20 reported higher growth for the month of July’24 as
compared to their respective MAT growth for the same period.
Indian_MNC Trend
200000 28%
18.8%
16.8% 20%
160000 13.5% 12.8%
10.1% 10.1% 10.1% 11.1%
15.5% 7.6% 8.5% 8.2% 12%
7.0% 12.7%
120000
9.9% 9.0%
7.1% 8.0% 8.1% 4%
5.4% 6.6%
5.3% 4.1% 4.9%
80000
-4%
106,611
114,118
142,986
155,145
172,434
186,620
40000
19,229
58,328
90,020
96,816
20,259
21,699
22,848
52,966
10,784
11,221
65,823
12,332
72,501
13,438
30,013
31,480
34,031
36,286
-12%
0 -20%
MAT July'23
MAT July'21
MAT July'22
MAT July'23
MAT July'24
MAT July'21
MAT July'22
MAT July'24
MAT July'21
MAT July'22
MAT July'23
MAT July'24
Growth of MNC companies remained lower than Indian companies for both
Acute and Chronic segments but it is constantly catching up in both the
segments as shown in above chart.
• Top 30 cities by market size mentioned in the above table grew slightly
faster @ 8.1% as compared to overall growth of 8% for MAT July’24.
• Top 30 metros in India contributed to 33.8% to IPM Sales for MAT
July’24, which is slightly higher than 33.7% reported last month.
• Nashik , Agra, Ahmedabad, Pune and Bhopal were the fastest growing
markets among the Top 30 metros for MAT July’24 in the same order.
While the top 3 were the same last month also, Pune has overtaken
Bhopal to come at 4th spot.
• 15 out of 30 Top metros grew faster than IPM while 14 metros grew
slower than the IPM growth of 8% for MAT July’24.
• Among the 6 mega metros, Delhi remained the fastest growing @10.9%
for MAT July’24, followed by Hyderabad @9.4% and Chennai @8.3%.
10
Zonal fastest growing among the
Top 51-100 companies- MAT
July’24
Fastest Growing West Zone Fastest Growing South Zone
Rank
Corporation Values'Cr Growth % Corporation Values'Cr Growth %
1 NATCO PHARMA 107 43.0 % MSN LABS 99 72.7 %
2 MSN LABS 105 36.4 % BRISTOL-MYER SQUIB 63 69.7 %
3 CELON LAB 75 34.2 % KEPLER HEALTHCARE 74 42.1 %
4 GALDERMA 109 28.4 % FRESENIUS KABI 171 34.2 %
5 BDF 113 27.0 % NUTRICIA INTERNAT 135 24.9 %
6 ICON LIFESCIENCES 68 23.8 % BRINTON PHARMA 81 24.8 %
7 BIOLOGICAL E 83 21.2 % MARTIN HARRIS 73 23.2 %
8 BAYER PHARMA LTD. 92 20.7 % BAYER PHARMA LTD. 100 22.7 %
9 KHANDELWAL 74 20.5 % NATCO PHARMA 136 19.9 %
10 SERVIER INDIA 126 17.2 % KLM LABS 148 19.6 %
11 MERCK SPECIALITIES 121 16.2 % TROIKAA PHARMA 140 19.4 %
12 NEON LABS 133 15.1 % RPG LIFE SCIENCES 147 17.7 %
13 SERUM INSTITUTE 118 14.7 % ELI LILLY 76 16.1 %
14 NUTRICIA INTERNAT 149 14.4 % LINUX LAB 137 15.8 %
15 KLM LABS 102 13.0 % ENTOD 132 15.7 %
16 PIRAMALHEALTHCARE* 85 12.1 % JUGGAT PHARMA 109 12.8 %
17 UNIMED TECHNOLOGIE 67 11.6 % PIRAMALHEALTHCARE* 71 12.7 %
18 OVERSEAS 87 10.9 % UNIMED TECHNOLOGIE 151 11.7 %
19 ENTOD 115 10.7 % BAYER ZYDUS PHARMA 144 11.3 %
20 RAPTAKOS BRETT 148 10.3 % GUFIC 169 10.4 %
3 DEXOLAC NUTRICIA 3.7 -14 % ZOSTUM EMCURE* 41.9 21 % ACILOC CADILA 48.0 11 %
5 SINAREST NEW CENTAUR 3.2 15 % PREVENAR-13 PFIZER* 32.7 13 % ELECTRAL FDC 39.3 3%
7 BETADINE WIN MEDI. 2.5 -9 % ECOSPRIN-AV USV 30.8 -1 % ZIFI FDC 30.3 2%
15 ATORVA ZYDUS* 1.9 -16 % CYRAMZA ELI LILLY 26.8 128 % CALPOL GSK* 25.7 5%
16 D-PROTIN BRITISH BIO. 1.9 75 % GLYCOMET-GP U S V 24.2 -13 % FORACORT CIPLA 25.3 22 %
Maharashtra Mumbai
Rank
Brand Company Value'Cr Growth % Brand Company Value'Cr Growth %
Rank Company Value'Cr Growth % Company Value'Cr Growth % Company Value'Cr Growth %
2 MIXTARD ABBOTT* 48.3 -0 % MIXTARD ABBOTT* 74.5 -14 % FORACORT CIPLA 88.8 14 %
4 PANTOP ARISTO* 35.5 6% DARZALEX JANSSEN 59.4 142 % THYRONORM ABBOTT* 66.8 5%
10 BOSENTAS CIPLA 27.1 304 % ZERODOL-SP IPCA 37.5 18 % PANTOP ARISTO* 42.2 6%
11 DOLO MICRO* 26.9 -20 % SHELCAL TORRENT * 35.1 17 % MOXCLAV SUN* 41.6 -15 %
15 MONOCEF-SB ARISTO* 21.8 5% RYZODEG ABBOTT* 32.5 -10 % BUDECORT CIPLA 32.2 16 %
20 BEPLEX FORTE LUPIN 19.6 40 % BUDECORT CIPLA 30.1 18 % UDILIV ABBOTT* 29.5 29 %
11 PAN ALKEM* 36.8 30 % ERBITUX MERCK 44.5 183 % LANTUS SANOFI* 19.4 13 %
13 VOLINI SUN* 32.5 2% DOLO MICRO* 42.6 -11 % DUPHASTON ABBOTT* 17.4 -13 %
14 ASTHALIN CIPLA 32.2 9% NOVOMIX ABBOTT* 40.0 -19 % MABTAS INTAS * 17.2 57 %
16 SUSTEN SUN* 30.3 4% CLAVAM ALKEM* 33.1 2% AZITHRAL ALEMBIC 16.1 -14 %