Burgeoning Pharma and Biotech Industries Put Indian Laboratory Analytical Equipment...

Burgeoning Pharma and Biotech Industries Put Indian Laboratory Analytical Equipment Market Expansion on Fast Track

MUMBAI, India--(Business Wire)--
Growth in the pharmaceuticals industry that has been witnessing
rampant outsourcing of clinical trials and drug discovery research to
the country has influenced strong growth in the Indian laboratory
analytical instruments market. Adding to this has been the increasing
emphasis on environmental conservation as well as the growth in the
biotechnology sector. Riding on this wave, the Indian market for
laboratory analytical instruments is expected to register double-digit
growth rates compared to the modest 3-4 percent growth rate in other
countries.

New analysis from Frost & Sullivan
(http://www.testandmeasurement.frost.com), Indian Laboratory
Analytical Instruments Markets, finds that the market earned revenues
of over 7.89 billion rupees in 2007 and estimates this to reach 18.07
billion rupees in 2011.

If you are interested in a virtual brochure, which provides
manufacturers, end users, and other industry participants with an
overview of the Indian laboratory analytical instruments markets, then
send an e-mail to Ravinder Kaur / Nimisha Iyer, Corporate
Communications, at ravinder.kaur@frost.com / niyer@frost.com , with
your full name, company name, title, telephone number, company e-mail
address, company website, city, state and country. Upon receipt of the
above information, an overview will be sent to you by e-mail.

"The increasing trend toward contract research and contract
manufacturing, which has resulted in significant outsourcing of
research and manufacturing in the pharma industry, is seen as
influencing growth in the laboratory analytical instruments market in
India," says Frost & Sullivan Program Manager Deepa Doraiswamy.

Support from the government and huge investments have helped
accelerate the pace of development and mitigate potential bottlenecks,
enabling the country to become the hub of biotechnology R&D activity.
Also witnessed is a growing emphasis on preservation of the ecosystem
through total environmental conservation. Laboratory analytical
instruments being critical in these sectors, their growth is expected
to remain unscathed in the future.

The Indian laboratory analytical instruments market is highly
price sensitive. End users such as the government, research
institutes, and the pharma industry are very focused on their needs,
procuring only the best of equipment with all features enabled at a
highly competitive price. There is a distinct movement toward the
procurement of value-enhanced products, but a reluctance to pay a
higher price for such devices is also evident.

"Being a highly competitive market with numerous suppliers in the
fray, this extreme price consciousness of buyers forces suppliers to
keep a tab on the prices of their equipment," observes Doraiswamy. "To
remain competitive in the market, foreign suppliers are forced to shed
a portion of their margins to enable them maintain prices at
acceptable levels."

Efforts are being directed toward inspiring sales through brand
equity image. The best way forward for foreign suppliers is to either
set up joint ventures with local manufacturers or go the whole hog and
establish their own manufacturing facilities in India.

Indian Laboratory Analytical Instruments Markets is part of the
Test and Measurement Growth Partnership Service program. All research
services included in subscriptions provide detailed market
opportunities and industry trends that have been evaluated following
extensive interviews with market participants. Interviews with the
press are available.

Frost & Sullivan, the Growth Partnership Company, partners with
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Sullivan's Growth Partnerships, visit http://www.frost.com.

Indian Laboratory Analytical Instruments Markets

P1AB

Frost & Sullivan
Corporate Communications - South Asia:
Ravinder Kaur, +91 44 42044760
Fax: +91 44 24314264
ravinder.kaur@frost.com
or
Corporate Communications - North America:
David Escalante, 210-477-8427
Fax: 210-348-1003
david.escalante@frost.com
or
Corporate Communications - Europe:
Joanna Lewandowska, +48 22 390 41 46
joanna.lewandowska@frost.com
or
Corporate Communications - Southeast Asia:
Donna Jeremiah, +603 6304 5832
Fax: +603 6201 7402
djeremiah@frost.com
or
Corporate Communications - Middle East:
Nimisha Iyer, +91 22 4001 3404
Fax: +91 22 2832 4713
niyer@frost.com
or
Corporate Communications - Latin America:
Jose Maria Jantus, +54-11-4777- 9951
Fax: +54-11-4777-0071
jose.jantus@frost.com
or
Corporate Communications - China:
Amelia Wong, +86 21 5407 5783, ext. 8669
Mobile: +86 13621724823
amelia.wong@frost.com
or
Corporate Communications - Africa:
Patrick Cairns, +27 18 468 2315
patrick.cairns@frost.com
http://www.frost.com

Copyright Business Wire 2008