Post by rapture bio creative team on Dec 9, 2011 0:58:46 GMT -5
India has tremendous potential in biotechnology & some points below can illustrate it too.
India is ranked among the top 12 biotech destinations in the world.
Indian biotech sector expected to touch 8 billion $ mark by 2015.growing rapidly at a rate of 40 % annually.
Biotechnology sector grew by 21.5 % in 2010-2011to cross the US $ 4 billion mark,as reavealed by an annual survey conducted by ABLE.
Currently biotech market in india contributes only 2% share in the global market.
Indianmarket for biosimilar products,such as insulin, hormones, vaccines & plasma proteins is about US $541.7 million(Rs 2,500crore).
CRO players grew five-fold in three years, from around 20 in 2005 & growing at the rate of 20 % annually.the number may reach 150-200 by 2012.
Indian vaccine market is over $ 100 million,is growing at over 20% annually.
Largest producer of recombinant hepatitis B vaccine in the world.
Some major fields of biotechnology
Bio-Pharma
Bio-Agriculture
Bio-IT services
Bio Industrial
Bio –Instrumentation
Bio-Services
Now It's all over to Biological Outsourcing Solution
Nowadays due to maximize revenues, minimize expenses , time zone advantages,huge availability of skilled,talented & experienced professionals india is becoming an outsourcing hub.
Outsourcing expenditure expect its annual GDP to grow at 8-10% for the next decade
Outsourcing will create stability with in countries
Movement of outsourcing from USA to India & China.
India will show excellence in Services that require advanced English
Technological power will shift from the West to the East.
By 2015 China will be No. 1, India No: 2 in the global top five outsourcing destinations.
This all reasons certified the fact that India is becoming the favorite Biological Outsourcing destination.
India is ranked among the top 12 biotech destinations in the world.
Indian biotech sector expected to touch 8 billion $ mark by 2015.growing rapidly at a rate of 40 % annually.
Biotechnology sector grew by 21.5 % in 2010-2011to cross the US $ 4 billion mark,as reavealed by an annual survey conducted by ABLE.
Currently biotech market in india contributes only 2% share in the global market.
Indianmarket for biosimilar products,such as insulin, hormones, vaccines & plasma proteins is about US $541.7 million(Rs 2,500crore).
CRO players grew five-fold in three years, from around 20 in 2005 & growing at the rate of 20 % annually.the number may reach 150-200 by 2012.
Indian vaccine market is over $ 100 million,is growing at over 20% annually.
Largest producer of recombinant hepatitis B vaccine in the world.
Some major fields of biotechnology
Bio-Pharma
Bio-Agriculture
Bio-IT services
Bio Industrial
Bio –Instrumentation
Bio-Services
Now It's all over to Biological Outsourcing Solution
Nowadays due to maximize revenues, minimize expenses , time zone advantages,huge availability of skilled,talented & experienced professionals india is becoming an outsourcing hub.
Outsourcing expenditure expect its annual GDP to grow at 8-10% for the next decade
Outsourcing will create stability with in countries
Movement of outsourcing from USA to India & China.
India will show excellence in Services that require advanced English
Technological power will shift from the West to the East.
By 2015 China will be No. 1, India No: 2 in the global top five outsourcing destinations.
This all reasons certified the fact that India is becoming the favorite Biological Outsourcing destination.