In a study done by Confederation of Indian Industry (CII) shows that clinical trials in India in 2002 generated $70 million in revenue and it predicts that it would grow to $200 million by 2007 and anywhere between $500 million and $1 billion by 2010.
India's Pharmaceutical market is the second largest in Asia , growing by more than 9% annually.
The Indian Pharmaceutical industry is estimated at US $5.40 billion and projected to grow up to US$ 7.40 billion.
Analysts are projecting that total Clinical Research spending in India will increase by more than 30% annually.
The Clinical Research industry in India has grown from Rs.20 crores to Rs.100 crores over the past three years and according to a recent McKinsey report, it is expected to touch 5000 crores by 2010.
Published on Apr 22, 2016
Last Updated on Apr 22, 2016
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Vanessa Jones. (2016, April 22). Clinical Trials - Statistics. Medindia. Retrieved on Nov 25, 2024 from https://www.medindia.net/health/treatment/clinical-statistics.htm.
