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Israel-India Business Guide - MedTech, Pharma & Biotech
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MedTech
The Indian biotechnology sector is one of the fastest
growing knowledge-based sectors in India and is expected
to play a key role in shaping India's rapidly developing
economy. With numerous comparative advantages in
terms of Research and Development (R&D) facilities,
knowledge, skills, and cost effectiveness, the biotechnology
industry in India has immense potential to emerge as a
global key player. India has many assets in its strong pool
of scientists and engineers, vast institutional network, and
cost effective manufacturing. There are more than 300
college level educational and training institutes across the
country offering degrees and diplomas in biotechnology,
bio-informatics and the biological sciences, producing
nearly 500,000 students per year.
Current Scenario
Growing at an average rate of about 20%, India's biotech
industry comprising of bio-pharmaceuticals, bio-services,
bio-agriculture, bio-industry and bioinformatics may
reach the USD 7 billion mark by the end of 2015. The
biotechnology industry in India, comprising of about
400 companies has grown three-fold in the last five years
to reach USD 4 billion in 2013. India's biotechnology
sector is benefitting from several advantages like its cost
effectiveness, research and development (R&D) expertise
and personal skills as India is now globally recognized as
an ideal location for manufacturing biotech products and
for conducting high-level research programme in the
field. The Indian biotech industry grew threefold in five
years to report revenues of USD 3 billion during 2009-11,
a rise of 17 per cent over the previous year, according to
the eighth annual survey conducted by the Association of
Biotechnology-Led Enterprises.
Increasing investments, outsourcing activities and
exports are the key drivers for growth in India's biotech
sector. Biotechnology is a capital-intensive sector with
long gestation periods for returns. Hence, it is important
to provide an enabling environment such as incentives,
infrastructure and funding models to make the industry
sustainable.
The sector can be broadly categorized into the following
Bio-pharma is the largest sector contributing about 64%
of the total revenue followed by bio-services (18%), bio-
agri (14%), bio-industry (4%), while bio-informatics is still
Major Players
Top 20 companies accounted for 47.4% of the Industry revenues in 2013
Company
Revenue (USD Million) 2013 Company
Revenue (USD Million) 2013
Serum Institute of India
437.1
Rasi Seeds
42.1
Biocon
344.5
Panacea Biotech
32.1
Nuziveedu Seeds
143.2
Bharat Biotech
71.6
Novo Nordisk
131.1
Ankur Seeds
62.7
Reliance Life Sciences
144.4
Mahyco
45.3
Biotechnology Industry In India
The Fastest-Growing
Knowledge-based
sector in India
With numerous comparative advantages in terms of R&D facilities,
knowledge, skills, and cost effectiveness, the biotechnology industry in
India has immense potential to emerge as a global key player
Sateesh Kulkarni