Apr 17, 2008
Los Angeles, CA, April 2008 - Strategic Directions International, Inc. announces the publication of a Market Analysis and Perspectives (MAP) report entitled Indian Instrument Demand and Production: Tyger, Tyger, Burning Bright... This report provides information on the size and growth of the markets for all of the major analytical techniques. The report also profiles the involvement and market share of the companies, multinational and domestic, that compete in the Indian laboratory market.
Although the Indian economy has garnered world attention with its importance in the IT and service sectors, the country has recently become far more prominent in industries that are strong sources of demand for analytical instrumentation. Foremost among these is the pharmaceutical industry, as India is now the fourth largest country in terms of production volume. Furthermore, its no longer valid to consider India as only a source of generic drugs. Multinational drug companies have opened R&D facilities in India, and the domestic pharmaceutical companies are close to bringing the first-ever Indian drug to market. Biotechnology is also being supported by foreign investment and government spending; that industry grew 30% in 2006 (ABLE).
Although life science research may be the biggest story, it is not the only story. In an economy that has been growing 8-9% over the last few years, many Indian industries are thriving: metals and mining, cement, semiconductors, chemicals and petrochemicals. Lehman Brothers projects that foreign investment in India will again double in 2008. After years of relatively modest spending, government investment in science has also accelerated. The 2008-2009 budget calls for a 20% increase in the Ministry of Science and Technology, a prime source of research spending.
The Indian report offers 214 pages of relevant background, economic data, market data, evaluations of suppliers, and a strategic vision of the Indian market. The report is available in hardcopy for USD $5,995 and intranet PDF version (including one hardcopy) for $8,245.
For more information, contact Strategic Directions International, Inc.; 6242 Westchester Parkway, Suite 100; Los Angeles, CA 90045-4820; Tel: (310) 641-4982; Fax: (310) 641-8851; E-mail: sdi@strategic-directions.com
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