Indian pharmaceutical analytical testing outsourcing market is projected to grow at a significant CAGR of around 9.2% during the forecast period (2021-2027). The significant growth in the pharmaceutical sector further provides a significant opportunity for the Indian pharmaceutical analytical testing outsourcing market. Indian pharmaceuticals industry is the primary destination for foreign pharmaceuticals companies. A large number of foreign market players such as Pfizer Inc., Novartis, and others are investing in the Indian pharmaceutical market for services such as drug development and R&D, which in turn will result in the shift of the pharmaceutical analytical testing outsourcing market into Asia-Pacific in the near future.
(Get 15% Discount on Buying this Report)
Get Report Sample Copy @ https://www.omrglobal.com/request-sample/indian-pharmaceutical-analytical-testing-outsourcing-market
The Union Cabinet has passed the amendment on the existing Foreign Direct Investment (FDI) policy in the pharmaceutical sector to allow FDI up to 100% under some conditions for the manufacturing of pharmaceutical products. During 2000-2017, according to the Department of Industrial Policy and Promotion (DIPP), the drugs and pharmaceuticals sector attracted cumulative FDI inflows worth $15.6 billion in India. The investment in the drug and pharmaceuticals sector will significantly shift the focus of pharmaceuticals companies into the Asia-Pacific market. Therefore, the foreign investment in the Indian pharmaceutical sector further provides a significant opportunity to the market.
A Full Report of Indian Pharmaceutical Analytical Testing Outsourcing Market is Available at: https://www.omrglobal.com/industry-reports/indian-pharmaceutical-analytical-testing-outsourcing-market
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Indian Pharmaceutical Analytical Testing Outsourcing Market – Segmentation
By Product type
- API
- Raw Materials
- Finished products
By Services
- Bioanalytical services
- Stability testing
- Drug substance
- Method development & Validation
- Others (Quality Testing)
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
