Biopharmaceutical Segment Dominating the Biotechnology Industry in India

Fast growing biosimilar market and rising diagnostics business is expected to enable Biopharma industry to grow at 24% CAGR by 2014, says RNCOS.

Noida, India (prHWY.com) December 2, 2011 - According to our latest research, "Booming Biotech market in India", the Indian biotechnology sector is one of the fastest growing knowledge-based sectors in India and is expected to play a key role in shaping India's rapidly developing economy. Past few years have been phenomenal for the biopharmaceutical industry as it has shown an upward movement on the back of the growth of therapeutics business and it is poised for another big leap in the year ahead. The research further revealed that anticipation pf biopharmaceutical market to follow the same growth trajectory by 2014 and is expected to grow at a CAGR of around 24% between FY 2012 and FY 2014.

The study has identified that biopharmaceutical is currently the most dominant market segment. The segment growth has largely been benefitted by Government policies and regulations and developed in-house capability to manufacture innovative biopharma products. It is anticipated that India has the capabilities and requisite talent to become a major supplier of biogeneric to the developed world in the coming years that will drive the market growth to achieve new heights.

Further, as the Indian pharmaceutical and biotech companies are raising their R&D spending and expanding manufacturing capacities, the life sciences suppliers market is also growing in-line with the biotechnology industry. India represents one of the fastest growing regions for leading global suppliers.

Our report, "Booming Biotech Market in India", has been authored to evaluate the future market potentials of the Indian Biotech industry and its segments. It provides extensive research and analysis of the overall market and all prominent segments including biopharmaceuticals, bioservices, bioagriculture, bioinformatics, and industrial biotechnology. Besides providing information on current market developments and market trends, the report also provides segment-wise forecasts based on correlation of past drivers, challenges, and opportunities for expansion, thus enabling clients to access projected market trends and take informed decisions.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM110.htm

Some of our Related Reports are:

- Global Gene Therapy Market Analysis
- Global Protein Therapeutics Market Analysis
- Global Biosimilars Market Analysis
- Asia Pacific Biotechnology Market (2008-2012)
- Israel Life Sciences Market Analysis

Check Related REPORTS on: http://www.rncos.com/Healthcare_Industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, along with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india biotech industry

Categories: Health

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