BioSpectrum India May 2021
INDIAN BIOSERVICES INDUSTRY
HITS RS 29,000 CR WITH
12% GROWTH IN 2019-20
Indian BioServices industry comprising over 1000 players in the field of clinical research, contract research,
contract development and manufacturing has seen significant growth in the recent past and witnessed a 12
per cent growth in 2019-20 by reaching Rs 29,120 crore as against 19 per cent growth recorded in 2018-19.
Contract research, development and manufacturing are contributing the most in BioServices industry with
less than 10 per cent coming from clinical research organisations.