MOSL: HEALTHCARE-Growth tone down on MoM basis
HEALTHCARE: Growth tone down on MoM basis
- Indian pharmaceutical market's (IPM) secondary sales growth slowed slightly on a sequentially basis to 9.4% YoY in Aug'19 as against 13.2% YoY in Jul'19. The overall growth was backed by price (+5.5% YoY), new product launches (+2.8% YoY) and volumes (+1.1% YoY) for the month.
- For the three months ended Aug'19, growth was at 9.8% YoY, driven by price (+5.5% YoY) and new launches (+2.8% YoY), while volume growth remained moderate at 1.5% YoY. Notably, both non-NLEM and NLEM portfolios grew a healthy 9.7% YoY and 11% YoY for the quarter, respectively.
- On MAT basis, industry grew 9.3% YoY, with price growth at 5.1% YoY, volume growth at 1.4% YoY and new launch growth at 2.7% YoY.
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