Biotechnology Market - India
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 32.6 Billion
Market Size in 2033: USD 110.3 Billion
Market Growth Rate (CAGR) 2025-2033: 13.78%
According to IMARC Group's report titled "India Biotechnology Market Report and Forecast 2025-2033," the market reached USD 32.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 110.3 Billion by 2033, exhibiting a growth rate (CAGR) of 13.78% during 2025-2033.
India Biotechnology Market Trends and Drivers:
- A strong expansion is being seen in the India biotechnology market, which is inspired by increasing investment in healthcare, agriculture and environmental biotech solutions.
- The growing demand for genetically modified crops and biofertilizers is increasing considerably in the Agri-Boyotech segment.
- In addition, government initiatives such as "Make in India" and "Startup India" are promoting biotech-based startups and research innovations.
- In addition, the increasing prevalence of chronic diseases is accelerating the demand for advanced bioframacuticals, biosimiller and personal medicine in India.
- Rapid development of vaccine manufacturing capabilities, especially post-pandemic, has promoted India's global biotech image and attracted adequate FDI flow.
- Originally, the presence of skilled professionals, a huge clinical test ecosystem, and cost-skilled R&D Infrastructure makes India a favorite destination for biotechnology outsourcing.
- Increasing cooperation between Indian research institutes and global biotech firms is also increasing technical information and innovation pipelines.
- In addition, progress in genomics, protoomics and synthetic biology is opening new avenues in diagnosis and targeted treatments.
- The expansion of bio-informative and AI-operated analytics is streamlining drug discovery processes and improving clinical testing efficiency.
- In addition, rising environmental concerns are leading to adopting permanent biotech applications in waste management and bio -organism production.
- Favorable regulatory improvements and rapid approval process by bodies like CDSCO are also launching product launch and market entry.
- Overall, India is developing rapidly with a strong focus on biotechnology market innovation, export capacity, and public-private partnerships, making it a key player in the global biotech landscape.
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India Biotechnology Market Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India biotechnology market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Product Type Insights:
- Instruments
- Reagents
- Software and Services
Technology Insights:
- Nanobiotechnology
- Tissue Engineering and Regeneration
- DNA Sequencing
- Cell-Based Assays
- Fermentation
- PCR Technology
- Chromatography
- Others
Application Insights:
- Healthcare
- Food and Agriculture
- Natural Resources and Environment
- Industrial Processing
- Bioinformatics
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Request for customization: https://www.imarcgroup.com/request?type=report&id=21620&flag=C
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendation
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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