Indian Biotechnology Industry Report

India Brand Equity Foundation (IBEF), established by Ministry of Commerce and Industry, published Indian Biotechnology Industry report.

Key Findings: India is among the top 12 biotechnology destinations in the world and third largest in Asia-Pacific.

• The industry was valued at $ 63 billion in 2019 and is expected to reach $ 150 billion by 2025.
• By 2025, the contribution of the Indian biotechnology industry in the global biotechnology market is expected to grow to 19% from 3% in 2017.
• The biotechnology sector is divided into five segments, which include biopharmaceuticals, bio-services, bio-agri, bio-industrial and bio-IT.
• In the Indian biotechnology market, Biopharmaceutical, which is the ....