Indian Biotechnology Market Worth $2.86 Billion Finds New Industry Report Available at Piribo.com

Piribo, the online destination for business intelligence for the biotech and pharmaceutical industry, has now added a new report on the biotechnology market in India.

(PRWEB) June 21, 2008 -- Piribo, the online destination for business intelligence for the biotech and pharmaceutical industry, has now added a new report on the biotechnology market in India.

The 90 page report "Booming Biotech Market in India is available at http://www.piribo.com/search/results.html?k=gmd300&x=0&y=0

The report provides an exhaustive overview of the biotechnology market in India. It provides a detailed account of the factors that define the structure and composition of the Indian biotechnology market, making it one of the world's most potential markets.

Key Findings from the report include:

The Indian biotechnology market, valued at INR 112.6 Billion (US$ 2.86 Billion) in 2007-08, is projected to hit a CAGR of 30% in near future.

Exports presently dominate the Indian biotechnology market, with bioservices and bioinformatics in particular being export driven industries.

Biopharma remains India's biggest sector accounting for nearly 70% of the total revenues in 2007-08. By 2012-13, the sector is expected to be worth INR 224.13 Billion (US$ 5.7 Billion).

The bioagriculture sector, driven by the sales of BT cotton, is the industry's fastest growing sector. Commercial approval of more transgenic plants is likely to push further growth in this sector.

Strong R&D capability and a large patient pool for clinical trials are expected to make the bioservices sector amongst the most potential sectors in the Indian biotechnology market.

Filliped by the surge in both R&D and production, the future of the biosupplier industry looks bright.

The research findings help identify the difference between the biotechnology market in India and the US and European markets in terms of factors like structure and composition, R&D, level of commercialization, and association between industry and academia that make India a preferred destination. Thus, it provides valuable information to pharmaceutical/biotech companies and investors looking to foray into the Indian market and help them devise strategies according to the Indian market.

"Booming Biotech Market in India" is available in pdf format from Piribo.

For more information, go to: http://www.piribo.com/publications/biotechnology/booming_biotech_market_india.html

Piribo product ID: RCS300

About Piribo.
Piribo (http://www.piribo.com/publications/biotechnology/) is a UK-based independent online store supplying business information on the pharmaceutical and biotechnology industries. The website now carries over 9,000 English language titles including, market reports, studies and books and is the UK's largest online biopharma information store. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. The company was established in 2004.

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