Increasing demand for precision medicine is driving the Indian Biotechnology Market

Indian biotechnology market is projected to grow at a significant CAGR of 8.1% during the forecast period (2020-2026). The increasing demand for precision and personalized medicine, the advancement of technology, application in drug development and increasing application in clinical diagnostics are the factors that fuel the growth of the biotechnology market in the country.  For instance, in July 2019, India launches its first human genome mapping projects, a move that enables researchers to get closer to developing effective therapies for treating diseases such as cancer. In the first phase of the initiative known as Genome India Project, the genomic data of 10,000 Indians were cataloged, and this project is initiated by the Department of Biotechnology (DBT). 

Browse the full report description Indian Biotechnology Market Size, Share & Trends Analysis Report by Type (Healthcare, Crop Production and Agriculture, Industrial, Natural Resources & Environment, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/indian-biotechnology-market 

The genome India projects aim to make predictive diagnostics makers that are available for priority diseases such as cancer and other genetic disorders. The government is considering and acting on various initiatives to restrict the number of cancer patients. For instance, the National Cancer Control Program (NCCP) is a public healthcare initiative formed to decrease the number of cancer patients and improving life for them. Further, the adoption of strategies focused on the Indian healthcare market, MNCs have strengthened their presence in India and address the issue of affordability. These are one of the major factors driving the growth of the market.

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in base year?
• Which segment/region will project fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID 

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 Biotechnology Market – Segmentation

By Type

• Healthcare
• Crop Production and Agriculture
• Industrial 
• Natural Resources & Environment
• Others (Bioinformatics)