Indian Pharma Market Intelligence — September 2026

India's Pharmaceutical Market Continues to Build Momentum

The Indian Pharmaceutical Market (IPM) recorded 13.5% value growth in September 2026, while the moving annual total (MAT) grew by 10.9%, reflecting sustained demand and continued momentum across key therapy segments.
According to the September 2026 market data presented here, the IPM recorded monthly sales of approximately ₹23,753 crore, taking MAT sales to approximately ₹2.62 lakh crore on the full-value basis including bonus units.
The latest numbers highlight an evolving pharmaceutical landscape in which brand performance, therapy-area growth, prescription trends and execution excellence are becoming increasingly important for sustainable business success.

Key IPM Highlights — September 2026

₹2.62 lakh crore: IPM MAT value, including bonus units at full value
10.9% MAT growth: Annual moving-total market growth
13.5% monthly growth: September 2026 value growth
2.9% unit growth: Growth in monthly sales volume
₹23,753 crore: Monthly market value for September 2026

Top 20 Pharma Corporates & Brands

Sun Pharma leads India’s pharmaceutical market, followed by Abbott, Cipla, Torrent and Mankind, reflecting strong competition and continued industry growth.

Therapy Areas Driving Growth

Cardiac, anti-diabetic, vitamins, gynaecology and oncology therapies showed encouraging value growth in September 2026, while unit growth varied across segments.

Top Pharma Brands to Watch

Mounjaro recorded exceptional MAT growth, while Glycomet GP, Augmentin, Foracort and Zerodol SP featured among the leading brands.

Key Takeaway

Sustained growth, brand performance and effective execution remain critical to success in India’s evolving pharmaceutical market.

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