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Taking all factors into consideration, we expect the India CRO market to reach around $1973.82 million from $1000 million in 2016, by the end of the forecast period at a CAGR of ~12.00%.
The report titled “India CRO Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the India CRO Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market!
Market Synopsis of India CRO Market:
A contract research organization (CRO) provides support to the pharmaceutical, biotechnology, and medical device industries for specific services on a contract basis. The services may be clinical research, product development such as drug development or process development such as bio analytical assay development. A CRO may also provide management services such as clinical trials management, and pharmacovigilance.
India is emerging as a top destination for contract research organizations for the following reasons
- India’s acceptance of International guidelines and intellectual property rights
- Presence of diverse types of climatic conditions thus allowing stability studies to be performed with ease in one destination
- Educated and accessible human resource in India
- Presence of diverse ethnic pool thus enabling diverse sample for clinical trials
- Low operational cost due to cheap human resource
- Availability of largest pool of patients and large hospitals
The other factors favoring the market are efforts by the regulatory authorities such as Director Controller General of India (DCGI), Indian Council of Medical Research (ICMR), Directorate General of Foreign Trade (DGFT), Department of Biotechnology (DBT) to create an amenable climate for research in India.
The market constraints are growing concern for security especially data security and patient security, lack of collaboration between universities and industry etc. The compromises done by some Indian CROs on ethical and technical standards are the greatest market threat.
Key Players for India CRO Market:
Some of the key players in this market are: Quintiles IMS Holdings, Inc., Pharmaceutical Product Development, Siro Clinpharm, GVK Bio, Clininvent, CliniRX Tangent Research, Ecron Acunova, Ace Biomed Pvt. Ltd., Actimus Biosciences Pvt. Ltd., Alkem Laboratories Ltd., Actis Biologics Pvt Ltd. and others.
Regional Analysis of India CRO Market:
The healthcare sector of India is divided between differential geographic regions and states. The South India and western India account for a major share of the Indian CRO market. However of late the CRO industry is shifting to the North. The reasons for this shift is the concentration of regulatory authority such as Director Controller General of India (DCGI) office, Indian Council of Medical Research (ICMR), Directorate General of Foreign Trade (DGFT), Department of Biotechnology (DBT) etc. Also the costs are lower in North India and the genetic pool is more diverse.
The report for India CRO Market of Market Research Future comprises extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
India CRO Market has been segmented on the basis of service types which comprises clinical trials, product development, process development, post-marketing surveillance, quality monitoring and others. On the basis of therapeutic application; market is segmented into oncology, cardiovascular, neurology, nephrology and urology, and others. On the basis of end users; market is segmented into pharmaceutical/biopharmaceutical companies, medical devices companies and academic institutes.
Major TOC of India CRO Market:
Chapter 1. Introduction
Chapter 2. Research Methodology
Chapter 3. Market Dynamics
Chapter 5. India CRO Market, By Service Type
Chapter 6. India CRO Market, By Therapeutic Application
Chapter 7. India CRO Market, By End User
Chapter 8. India CRO Market, By Country
Chapter 9. Company Landscape
Chapter 10. Company Profile
Chapter 11. Appendix
List Of Tables:
TABLE 1 INDIA CRO MARKET, 2013-2022 (USD MILLION)
TABLE 2 INDIA CRO MARKET, BY SERVICE TYPE, 2013-2022 (USD MILLION)
TABLE 3 INDIA CRO MARKET, BY THERAPEUTIC APPLICATION, 2013-2022 (USD MILLION)
TABLE 4 INDIA CRO MARKET, BY END USER, 2013-2022 (USD MILLION)
TABLE 5 INDIA CRO MARKET, BY REGION, 2013-2022 (USD MILLION)
List of Figures:
FIGURE 1 RESEARCH PROCESS
FIGURE 2 PORTERS FIVE FORCES MODEL
FIGURE 3 INDIA CRO MARKET, BY SERVICE TYPE
FIGURE 4 INDIA CRO MARKET, BY THERAPEUTIC APPLICATION
FIGURE 5 INDIA CRO MARKET, BY END USER
FIGURE 6 INDIA CRO MARKET, BY REGION
FIGURE 7 INDIA CRO MARKET: COMPANY SHARE ANALYSIS, 2016 (%)
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