Thanks to a large pool of scientific talent, world-class information technology industry, and vibrant pharmaceutical sector, the Indian biotech industry has stupendously grown over the past few years. During FY 2005-FY 2009, the industry witnessed an impressive CAGR of around 26.5% and generated total revenue of INR 121.4 Billion (US$ 2.4 Billion) in FY 2009. Moreover, the industry has been able to survive successfully amid the global financial turmoil. Government initiatives, like set up of more biotech parks and encouragement to public-private-partnerships, provided cushion to the biotech industry against tough economic conditions of recession.
According to our new research report “Booming Biotech Market in India”, the year-on-year growth of the biotech market is expected to accelerate in near future on the back of high demand for vaccines, CROs, biopesticides, biofertilizers, biodiesel and biotherapeutics in India as well as at the global level. In this regard, we have done an extensive research and analysis of the biotech market together with its segments.
Our research has found that the biopharma segment constitutes a major part of the total biotech market. It has experienced consistent rise in revenue and the trend is likely to continue in future as well. Talking about future outlook of the overall biotech market, it will remain buoyant despite the recent economic downturn. The baseline for optimistic future projection of the market is pouring of investments to promote research and support entrepreneurship in the emerging segments. Besides, cutting edge research in globally emerging segments (such as contract bio-manufacturing services, clinical development services, etc) and developing in-house capability to manufacture innovative biopharma products will also pave the way for the Indian biotech market over the forecast period (FY 2011- FY 2013).
Our report provides comprehensive information, rational analysis and reliable statistics of the biotech market in India. The report has thoroughly examined current market trends, industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years. Due consideration has been given to the possible aftereffects of recession on the industry while making the report.
