India Perspective
Lower R&D costs, strategic plans for clinical trials, future commercialization with companies in the
US and EUROPE, a solid foundation in scientific intellectual capital and technical framework ensuring
world class quality standards have already given the Indian pharmaceutical companies a head start over
their global counterparts.
Opportunities in this segment are very evident from the facts below:
- Indian Biologics market accounts for 62% of $ 3 billion revenue by the Biotechnology industry as a whole.
- In 2012, the Indian Biopharmaceuticals market was worth nearly $ 2 billion and is showing further significant growth.
- In India, about 20 companies are developing Biosimilars.Approximately 50 products are available in the domestic market.
- Several Indian companies are in the process of developing a large portfolio of Biologics & Biosimilars