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Burgeoning Pharma and Biotech Industries Put Indian Laboratory Analytical Equipment Market Expansion on Fast Track
Corporate News Releases - The Healthcare Sales & Marketing Network, 08/04/08
Growth in the pharmaceuticals industry that has been witnessing rampant outsourcing of clinical trials and drug discovery research to the country has influenced strong growth in the Indian laboratory analytical instruments market. Adding to this has been the increasing emphasis on environmental conservation as well as the growth in the biotechnology sector. Riding on this wave, the Indian market for laboratory analytical instruments is expected to register double-digit growth rates compared to the modest 3-4 percent growth rate in other countries.
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