Noida, UP India (PressExposure) February 18, 2011 -- India has become a prominent destination for the purpose of contract manufacturing of pharma products due to rising concerns over high production costs. Additionally, pharma giants are looking for convenient and faster transportation of products to the target markets. Besides, sponsor companies are looking to outsource related services, such as product development, packaging, and logistics. According to our latest research offering, "Indian Contract Manufacturing - A Hot Opportunity", the contract manufacturing industry in is expected to grow at a magnificent CAGR of over 45% during 2011-2013. Growth will be much higher than the past years as the impacts of the global recession are wearing off from the market.
Contract manufacturing will also help the pharmaceutical companies to meet with the growing demand for new drugs and improve their core competencies. The report depicts the overall market scenario across the prominent destinations in the developed and developing regions of the country. Apart from the current market scenario in these destinations, the report covers the initiatives, which are being taken up by the State Governments. The report also includes detail competitive analysis of key players functioning in the Indian contract manufacturing industry. A prudent analysis of the trends and drivers of the market delineates the favorable avenues for the purpose of contract manufacturing.
Our report "Indian Contract Manufacturing - A Hot Opportunity" also covers various issues being faced by the contract manufacturing industry, including IP issues, investment risks, and issues related to quality assurance. These segments are aimed to provide a pragmatic outlook of the contract manufacturing market, thereby allowing the identification of shortcomings of certain avenues in the industry.
Analysis of the ongoing developments, market expectations, and driving factors facilitates clear outlook of every aspect of the industry. Besides current market scenario, forecasting in the report provides a clear picture of the industry's future scenario. The report would help clients in enhancing their understanding regarding the industry and thereby, formulating strategies to help their business grow.
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