Noida, India (PressExposure) October 29, 2009 -- India is likely to become one of the biggest destinations for clinical research outsourcing. Pioneer clinical research companies worldwide have realized that outsourcing their projects in India will be more beneficial than other countries since India has a vast pool of patients suffering from various chronic diseases like cancer, diabetes and HIV, and require low investments. As per a new research report âBooming Clinical Trials Market in Indiaâ by RNCOS, it is estimated that the clinical trial market in India is anticipated to grow at a CAGR of around 30% from 2010 to 2012.
Our industry analysis finds that there are various market trends like clinical data management and In Vitro diagnostic market that have reported strong growth in line with the developments occurred within the Indian clinical trial market. Each of these market trends have been extensively covered in the report. Besides, the new research has done a comprehensive research on the overall clinical trial market in India, with focus on present and future trends to enable clients understand the market dynamics.
âWith the rising prevalence of chronic diseases and excellent medical infrastructure, the country has become a prime location for pharma companies to conduct clinical trials at low costâ, says an Analyst at RNCOS.
The report also provides an in-depth analysis of the factors driving growth in the industry and explains the importance of these factors for the industry development in coming years. Our research study includes complete demographic information of patients and medical infrastructure in the country.
âBooming Clinical Trials Market in Indiaâ provides an overview of the regulatory environment and steps taken by the government to support the industry growth. The research study also gives complete details of key players operating in the market along with their business information and area of expertise. This will provide our clients an additional edge over their competitors while devising business strategies.
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