Press release
Indian Pharmaceutical Analytical Testing Outsourcing Market Trends | Segmentation, Outlook, Industry Report to 2021-2027
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.(Get 15% Discount on Buying this Report)
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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)
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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