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Indian Biotechnology Industry Analysis

Robust growth in Biotech industry

Maintaining the momentum of the previous years, the Indian biotech industry grew 16.28 per cent in FY14; the total industry size was US$ 5 billion at the end of the financial year and it reached US$ 7 billion in FY15.

Fast-paced growth is likely to continue; the industry is expected to increase in size to USD11.6 billion by 2017, driven by a range of factors such as growing demand, intensive R D activities and strong government initiatives

Bio-pharma accounts for majority market share

The bio-pharmaceutical segment accounted for the largest share of the biotech industry, with 62.0 per cent of total revenues in FY15. Revenue from bio-pharma exports reached US$ 2.2 billion in 2013, accounting for 51 per cent of total revenues of the biotech industry.

The bio-services segment recorded the highest growth 11.78 per cent in FY14, followed by bio-informatics (7.9 per cent) and biopharma (6.23 per cent).

Last Updated: January, 2016

India is among the top 12 biotech destinations in the world and ranks second in Asia, after China. The Indian biotech industry is likely to experience significant growth on the back of increasing economic prosperity, health consciousness and a billion-plus population base. Current estimates value the industry at US$ 7 billion in FY15, which is expected to grow at 30.46 per cent Compound Annual Growth Rate (CAGR) to US$ 100 billion by FY25.

The sector is divided into five major segments: bio-pharma, bio-services, bio-agri, bio-industrial and bio-informatics. Biotechnology industry s growth in India is primarily driven by vaccines and recombinant therapeutics. Going forward, India also has the potential to become a major producer of transgenic rice and several Genetically Modified (GM) or engineered vegetables.

The Government of India has taken several initiatives including a biotechnology industry partnership program to develop new technologies and launched a National Rural Healthcare Mission to boost healthcare spending. As per the 12th Five-Year Plan, the government aims to spend US$ 3.7 billion on biotechnology compared to US$ 1.1 billion in the 11th Five-Year Plan to accelerate the pace of research, innovation and development. In addition, the Department of Biotechnology (DBT) has designed the National Biotechnology Development Strategy (NBDS) to strengthen the industry s human resources and infrastructure while promoting growth and trade. Furthermore, the Government has allowed 100 per cent Foreign Direct Investment (FDI) through the automatic route for manufacturers of drugs and pharmaceuticals.

Sectoral Presentation (January, 2016)

Industry

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The Indian biotech industry is expected to reach US$ 11.6 billion by 2017.

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CATALYSING GROWTH

The Indian biotechnology sector is expected to clock US$ 10 billion in revenue by 2015 on the back of emerging opportunities from around the world.

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