OVERVIEW OF NEPALI PHARMACEUTICAL INDUSTRIES

PHARMACEUTICAL INDUSTRIES

As of 2024, the pharmaceutical industry in Nepal has experienced significant growth, with the market valued at approximately NPR 53 billion. Domestic production accounts for NPR 24 billion, while imports, primarily from India, constitute around NPR 28.65 billion

Here is a list of the top pharmaceutical companies in Nepal, along with their estimated annual sales revenue:

National Health Care Pvt. Ltd. ·        Location: Brugunj ·        Estimated Annual Sales Revenue (USD): $48.86 million

Nepal Pharmaceuticals Lab Private Limited ·        Location: Jeetpur Brigunj ·        Estimated Annual Sales Revenue (USD): $36.65 million

Deurali Janata Pharmaceuticals Pvt. Ltd. ·        Location: Kathmandu ·        Estimated Annual Sales Revenue (USD): $24.43 million

Everest Parenterals ·        Location: Bhaktapur ·        Estimated Annual Sales Revenue (USD): $17.15 million

Aadee Remedies ·        Location: Kathmandu ·        Estimated Annual Sales Revenue (USD): $17.10 million

Bhaskar Herbaceuticals Pvt. Ltd. ·        Location: Brigung ·        Estimated Annual Sales Revenue (USD):  $11.24 million

Asian Pharmaceuticals ·        Location: Kathmandu ·        Estimated Annual Sales Revenue (USD): $10.07 million

Biogain Remedies ·        Location: Butwal ·        Estimated Annual Sales Revenue (USD): $9.77 million

Siddhartha Pharmaceuticals ·        Location: Butwal ·        Estimated Annual Sales Revenue (USD): $6.84 million

Florid Laboratories ·        Location: Kathmandu ·        Estimated Annual Sales Revenue (USD): $6.55 million

Time Pharmaceuticals Pvt. Ltd. ·        Location: Lumbini ·        Estimated Annual Sales Revenue (USD): $6.30 million

Apex Pharmaceuticals Pvt. Ltd. ·        Location: Brigunj ·        Estimated Annual Sales Revenue (USD): $4.59 million

Fleur Himalayan Limited ·        Location: Brigunj ·        Estimated Annual Sales Revenue (USD): $4.57 million

Nippon Pharmaceutical ·        Location: Morang ·        Estimated Annual Sales Revenue (USD): $4.54 million

Kantipur Pharmaceuticals Lab Pvt. Ltd. ·        Location: Lalitpur ·        Estimated Annual Sales Revenue (USD): $3.47 million

Medrik Pharmaceuticals Pvt. Ltd. ·        Location: Kathmandu ·        Estimated Annual Sales Revenue (USD): $3.42 million

Ideal Pharmaceuticals Company ·        Location: Nepalgung ·        Estimated Annual Sales Revenue (USD): $3.42 million

Hukam Pharmaceuticals Pvt. Ltd. ·        Location: Bhaktapur ·        Estimated Annual Sales Revenue (USD): $3.26 million

Prime Pharmaceuticals ·        Location: Brigunj ·        Estimated Annual Sales Revenue (USD): $2.59 million

Tizig Pharma Private Limited ·        Location: Kathmandu ·        Estimated Annual Sales Revenue (USD): $2.39 million

Divine Health Care Pvt. Ltd. ·        Location: Chitwan ·        Estimated Annual Sales Revenue (USD): $2.39 million

Grace Pharmaceuticals Pvt. Ltd. ·        Location: Kathmandu ·        Estimated Annual Sales Revenue (USD): $2.39 million

Toreva Pharmaceuticals ·        Location: Kathmandu ·        Estimated Annual Sales Revenue (USD): $2.01 million

Om Megashree Pharmaceuticals ·        Location: Kathmandu ·        Estimated Annual Sales Revenue (USD): $1.81 million

Reliance Medilinks Pvt. Ltd. ·        Location: Brigunj ·        Estimated Annual Sales Revenue (USD): $0.99 million These companies play a crucial role in meeting the healthcare needs of Nepal's population. The domestic pharmaceutical sector is poised for further expansion, with projections indicating that the demand for pharmaceutical products will reach 71.65 tons annually by 2024-25, growing at an annual rate of 7%. The industry's growth is driven by factors such as increased investment in manufacturing facilities, adherence to Good Manufacturing Practices (GMP), and a focus on reducing dependency on imports by enhancing local production capabilities.