Indian Pharmaceutical Analytical Testing Outsourcing Market Share: Trends, Key Players, Industry Analysis Report to 2027

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.

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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.)

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