Due to the growing population, which is susceptible to a wide array of diseases, the pharmaceutical industry has been growing steadily over the last decade or so. For instance, as per McKinsey, compared to the 9% CAGR the Indian pharma sector displayed in 2000–2005, it has been growing at an almost 14% CAGR since the last five years. The growth in developed nations has also been rather consistent, owing to the increasing disposable income of people, which is leading to high medical drug sales. Moreover, since drugs can have serious side-effects, the production process is constantly monitored and controlled.