The 8th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards 2015 "Brand India Winning"

by Shrutee K/DNS

Mumbai, Maharashtra, India. The healthcare industry is in the midst of a turbulent global transformation. Healthcare reform policy & fiscal restraint are some of the biggest challenges on the minds of politicians, the media and business leaders around the world. The stage is set for a larger consolidation of the pharma sector in India valued at approx 93,000 Crore (INR) market with a significant presence &  impact in the world. It is evident that the healthcare costs around the world are increasing. In 2013, the total global healthcare spend was $7.2 trillion, or about 11 percent of the world’s gross domestic product. 

This figure is set to climb more than 5 percent a year for the next few years. In the U.S., costs are expected to rise to $4.8 trillion by 2021& in India however, the situation is complex as India is yet to make landslide healthcare reforms. Prime Minister Narendra Modi, who swept to power at elections last year in May, promised in his poll manifesto to introduce an ambitious universal health care plan that assures free drugs and insurance for serious ailments. But the plan, pegged initially at $26 billion over the next four years and envisioned to be fully operational by 2019, has been pushed back because of budget constraints. Busy with political arithmetic's, the plan may take a back stage making the cost of the healthcare spending by the poor a toll as 70% of the expenses are still going from the pockets of the common man making life much miserable. 

To add to the woes are the challenges of the drug companies who are facing the heat of the regulators as increasing number of Indian pharmaceutical firms have come under the knife of US Food and Drug Administration (FDA) due to lack of trained staff and cleanliness at their manufacturing units. Against the backdrop of the above summary, Pharma leaders, Asia's most analytical news media in healthcare communication is hosting its 8th edition in Mumbai on Wednesday, the 30th December 2015 under the theme "Brand India Winning "at the 8th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards 2015.

Widely perceived by the industry Leaders, Healthcare Professionals, Policy Makers, Pharma Leaders 2015 edition too will have a significant brand thrust in view of India's rising power as a top destination for quality manufacturing, research & generic drugs. Announcing the 8th edition of Pharma leaders Summit & Awards, Satya Brahma, Founder of Pharma Leaders said " Pharma Leaders 2015 theme will deliberate on Brand India & its winning spirit as a global power, growing at a growth rate of 13 to 14th % per Annum, the Pharmaceutical Market in India is ranked 3rd in terms of volume and 10th in terms of market value & clearly the industry is showing the signs for a bigger space in the world market. The issue within India however has complex issues as the key to any reforms & growth are attributed to a strong internal healthcare focus which has many challenges. Healthcare Insurance, access, reach & affordability remain key challenges in India due to a lack of a universal healthcare policies where the patients should be the real beneficiary in any system said Satya Brahma in the news release.

Speaking on the credibility of Pharma Leaders Awards, Dr. Kiran Mazumdar Shaw, Chairperson of Biocon said " Pharma Leaders Power Brand Awards are the most credible & prestigious set of awards selected  & backed by a comprehensive methodology  with an eminent panel of juries & the recipients of these awards are the luminaries of the pharmaceutical & biotechnology industry. The participation of top business leaders in the healthcare industry reveals the innovation & high standards of recognitions. When I received the "Global Indian of the year Award", I was truly honored & overwhelmed".

About Pharma Leaders Summit & Awards

Pharmaleaders  (www.pharmaleaders.tv) , a division of Network 7 Media Group   (www.network7mediagroup.net) in association with several trade & industry associations will be focusing on some of the burning issues  confronted by the industry including the much talked about regulatory hurdles & pricing. Top Industry Leaders, Medical practitioners & Policy Makers will be debating in panel discussions to find the reasons of policy paralysis & the way forward. More than 300 leaders from the healthcare industry are expected to attend the 2015 Pharma Leaders Annual Summit including delegations from overseas companies & scientists mostly from Europe. The detailed description of Pharma Summit 2015 can be seen at www.pharmaleaders2015.com

The much awaited Pharma Leaders Annual Awards will be presented to the top & successful companies & leaders by an eminent panel of Jury Members from the Network 7 Media Group Panel in as many as 40 categories. Pharma Leaders Awards Grand Jury is comprised of a panel of international industry experts, representing the top creative minds in the field of healthcare, pharma academia, policy formation & the representatives from the government. Pharma Leaders Awards are credible & independent & enjoy the tag of excellence in innovations in healthcare practice that aim to recognize the remarkable achievement of the companies & Leaders. The 2015 Awards will have significant thrust on initiatives, innovations & insight said the news release.