Growth in the Bioprocess Market in India
Bioreactors market is about $15-20 million. Investments, along with outsourcing activities and exports, are key drivers for growth in the bioprocess market.
Indian bioprocess sector is one of the fastest growing knowledgebased sector and is expected to play a vital role in shaping India’s rapidly developing economy. With numerous comparative advantages in terms of research and development (R&D) facilities, knowledge, skills, and cost effectiveness, the biotechnology industry in India has immense potential to emerge as a global key player.
The Indian biotech industry grew threefold in five years to report revenues of $4 billion during 2011-12, a rise of 18 percent over the previous year, according to the tenth annual survey conducted by BioSpectrum and the Association of Biotechnology-Led Enterprises (ABLE). Of this, nearly three-fifth of the total industry’s revenues is contributed by biopharma sector alone. The industry is expected to reach $10 billion mark by 2015.
Bioreactors market is about $15-20 million. Investments, along with outsourcing activities and exports, are key drivers for growth in the bioprocess market.
Indian bioprocess sector is one of the fastest growing knowledgebased sector and is expected to play a vital role in shaping India’s rapidly developing economy. With numerous comparative advantages in terms of research and development (R&D) facilities, knowledge, skills, and cost effectiveness, the biotechnology industry in India has immense potential to emerge as a global key player.
The Indian biotech industry grew threefold in five years to report revenues of $4 billion during 2011-12, a rise of 18 percent over the previous year, according to the tenth annual survey conducted by BioSpectrum and the Association of Biotechnology-Led Enterprises (ABLE). Of this, nearly three-fifth of the total industry’s revenues is contributed by biopharma sector alone. The industry is expected to reach $10 billion mark by 2015.
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