NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2006/09/15 - In the run to catch the fancy of global drug makers as a fitting destination for clinical research, India demonstrates the potential to stalemate the dragon land. And India's advantage lies right in her genes..
India has an enriched pool of English educated, highly qualified and skilled medical professionals, suited for R &D activities. The large Indian populace serves as a perfect sample space for studying the impact of diseases in the backdrop of the marginal exposure to healthcare facilities.
India is also home to a heterogeneous blend of different gene types like Caucasians, Australoids and Mogoloids. Drug companies are interested to use this microcosm for testing the impact of new drugs.
In the present scenario, globally the total size of outsourced clinical trails in the Pharmaceutical market stands at US$221 billion. This market is growing at an annual growth rate, ranging between 9-11 %. India accounts for a major chunk of this market standing at US$285 million.
The market research report, "Opportunities in Indian Pharma Sector", by RNCOS finds that India is fast assuming the position of the most favored destination for clinical trials. The raison d'etre is cost cutting for competitive edge.
The estimated size of clinical trial conducted in India, whether directly or through research organizations in the Pharmaceutical market is projected to stand at US$ 2 billion by 2010.
The research report also addresses the issues and facts that are critical to business success, like:
- What are the emerging trends in the Pharmaceutical sector in India?
- What are the key regulations and the policy environment in the industry?
- What are the future trends of the Pharmaceutical market in India?
- Who are the Key players in the Pharmaceutical Market in India?
- What are the Opportunities and Threats in pharmaceuticals sector?
- How is the market affected by other factors prevailing in the economy?
The report incorporates detailed data and analysis that will help investors and business heads to comprehend the changing dynamics of the Pharmaceutical market in India.
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.