The Indian biotechnology sector has grown significantly in past few years. In this article we will discuss about the current scenario of this industry all along introducing to some of hottest biotechnology startups in India. Over the years, the Indian biotechnology industry has grown fast! We all should feel proud for the Indian biotechnology industry as it holds a share of two percent of global biotech industry. If it keeps progressing with same pace, it will surely become a prominent player in the global biotech industry very soon.
Over the years, the Indian biotechnology industry has grown fast! We all should feel proud for the Indian biotechnology industry as it holds a share of two percent of global biotech industry. If it keeps progressing with same pace, it will surely become a prominent player in the global biotech industry very soon.
The biotechnology segment is the fastest growing segment in India. It is valued about $11 billion currently and it will touch the $ 100 billion mark by 2025 as per the forecast of the Association of Biotechnology Led Enterprises (ABLE). Furthermore, the Make in India website mentioned that the bio-tech industry size is expected to go up to USD 11.6 Billion by 2017 and it is expected to grow at 30% growth rate every year. The increased demand for healthcare services, R&D activities, clinical capabilities etc. will help this sector to witness fast growth in the future. It is believed that the ecology and the population both factors play a key role in the overall growth of biotech industry because they made India the most preferred country for clinical trials, research and development of biotech products and outsourcing of many other related contracts etc.
With the presence of some top biotechnology companies like Biocon, Panacea Biotec, Serum Institute of India, Wockhardt, Dr. Reddy’s Laboratories, Novozymes, Indian Immunologicals , Shantha Biotechnics, GlaxoSmithKline Pharmaceuticals, Bharat Serums and Vaccines Limited, India has got the chance to come as a leading player in the list of global biotech industry. All these companies are using India’s advantages like cost effectiveness, high population and skilled manpower to become recognized players worldwide. The industry is in great position and more money is being funneled by innovative ideas in biomedical, environmental, food and agriculture segments. Immuno-oncology, Stem cell therapies, 3D bioprinting, personalized medicine – theranostics, biomarkers and gene therapy are some of the upcoming segments. The cities like; Delhi, Mumbai, Bangalore, Pune, Hyderabad, Chennai and Ahmedabad are hubs of Biotechnology companies. The agencies which have been supporting biotechnology’s R&D majorly include Council of Scientific and Industrial Research (CSIR), Department of Science and Technology (DST), Indian Council of Medical Research (ICMR), Indian Council of Agricultural Research (ICAR) and many more.
India’s biotech industry is the 3rd largest company in Asia-Pacific region and has all set to enter in a new era. Many Indian biotechnology companies are in outsourcing of R&D services and have gained recognition worldwide with numerous export contacts. The areas like genetic research and drug development & designing are also gaining prominence speedily. All this is possible because investments are done by the government and non government bodies at every level. These efforts also helped to improve the biotechnology startup scenario to create tremendous opportunities in every segment. The government’s initiatives like DST, DBT, CSIR and BIRAC are also supporting entrepreneurial individuals to establish startups. Whereas, emerging Bio-Technology parks have well established infrastructure and equipments for startups help.
The Indian bio- tech industry can be divided in to five major segments – bio-services, bio-agriculture, bio-industrial, bio-pharma and bio informatics. Bio-services generally refer to clinical trials, manufacturing and research contracts. Under Bio-agriculture segment scientists work on biopesticides, biofertilisers and genetically modified seeds that help to modernize the traditional agriculture applications. Biopharma deals in biopharmaceuticals including drugs, proteins, antibodies which are useful for therapeutics and diagnostics. Bio-industrial segment includes the research work related to yeast-based products, enzymes and amino acids etc. the remaining segment Bio-informatics represents bioIT services.
A number of startups have started their research and development operations in different parts of India and are performing well. The list of biotechnology startups is never ending. However some of them are explained below:
Apart from these names, there are numerous other startups working in biotechnology area. As this segment requires huge money to start a company or research lab, most of the times people avoid taking risk. Some startups have their own research setups and some of them are using others. Some has started with developing a small microbiology lab and succeed to build it as a successful venture within 2-3 years.
No doubt India has a huge potential to become a leading bio-tech hub, however, it needs to take more concrete steps especially toward setting up of R&D labs and other institutes. It needs to tackle the gap at funding and policy domains so that talented professionals of Indian origin can start their research centers easily in the country and become a part of the cutting-edge research at world level. Medical science institutions and other educational and training institutes also need to work closely with each other to give a boost to this sector.
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