As of 2023, the Indian biotechnology industry was valued at over 92 billion U.S. dollars. The industry was expected to reach a market value of 300 billion dollars by 2030. The growth of the industry would be driven by the increasing demand for vaccines and biopharmaceuticals in the domestic and international markets.
Market value of biotechnology industry in India in 2023, with estimates for 2025 and 2030 (in billion U.S. dollars)
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Invest India. (October 24, 2023). Market value of biotechnology industry in India in 2023, with estimates for 2025 and 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 04, 2024, from https://www.statista.com/forecasts/1420112/india-biotechnology-industry-market-value
Invest India. "Market value of biotechnology industry in India in 2023, with estimates for 2025 and 2030 (in billion U.S. dollars)." Chart. October 24, 2023. Statista. Accessed May 04, 2024. https://www.statista.com/forecasts/1420112/india-biotechnology-industry-market-value
Invest India. (2023). Market value of biotechnology industry in India in 2023, with estimates for 2025 and 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 04, 2024. https://www.statista.com/forecasts/1420112/india-biotechnology-industry-market-value
Invest India. "Market Value of Biotechnology Industry in India in 2023, with Estimates for 2025 and 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 24 Oct 2023, https://www.statista.com/forecasts/1420112/india-biotechnology-industry-market-value
Invest India, Market value of biotechnology industry in India in 2023, with estimates for 2025 and 2030 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1420112/india-biotechnology-industry-market-value (last visited May 04, 2024)
Market value of biotechnology industry in India in 2023, with estimates for 2025 and 2030 (in billion U.S. dollars) [Graph], Invest India, October 24, 2023. [Online]. Available: https://www.statista.com/forecasts/1420112/india-biotechnology-industry-market-value