Indian HPLC market is projected to grow at a significant CAGR during the forecast period (2020-2026). Rising investment in healthcare R&D by the government organizations and major pharmaceutical & biotechnology companies in the country further provide scope of the opportunity for the Indian HPLC market. According to India Brand Equity Foundation (IBEF), the biotechnology industry of India was valued at $11 billion in 2016, and with intensive R&D activities and strong government initiatives, the industry is expected to reach $100 billion by 2025. The rising investment in healthcare R&D further projected to boost clinical research activities in the country that further encourages the demand of HPLC systems, thus propels the market growth in the near future.
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Moreover, the high demand and presence of CROs, the Government of India reviewed and updated its guidelines for biosimilars and data sharing in 2016. The new guidelines allow hassle-free share of biological samples by removing the mandatory requirement of a license for these samples by Notification number 19/2015-2020 by DGFT director-general. Such supportive regulations reflect the growth of clinical research activities and clinical diagnostics test in the country that further anticipated to provide significant adoption of the HPLC systems by research institutes and clinical diagnostics centres in the country.
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A full Report of Indian High-Performance Liquid Chromatography (HPLC) Market is Available at: https://www.omrglobal.com/industry-reports/indian-hplc-market
Indian HPLC Market – Segmentation
By Product Type
- Consumables
- Instruments
- Accessories
By Application
- Diagnostics
- Clinical Research
- Forensics
- Others (Testing)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
