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
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Vanessa Jones. (2016, April 22). Clinical Trials - Statistics. Medindia. Retrieved on Apr 19, 2024 from https://www.medindia.net/health/treatment/clinical-statistics.htm.
