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Life sciences industry in India 2nd in Asia Pacific: survey
Wednesday, July 07, 2010 02:25:20 PM, UNI
New Delhi: Indian life sciences industry by garnering a revenue of 21 billion dollars in 2009 took a close second spot behind China (22 billion dollars) in Asia Pacific region minus Japan, a survey said.
The Indian industry achieved the distinction despite registering slowest rate of growth at 1.42 per cent as against the fastest 51.82 per cent recorded by China, said BioSpectrum Asia in its findings. It was 3.4 per cent in the region.
However, in terms of market capitalisation, the Indian industry led the region (85.46 billion dollars) with a value of 22 billion dollars, said the survey conducted in April-May this year. India accounted for 19 per cent of the total revenues in Asia Pacific, followed by South Korea, Australia and Singapore, it added.
Life sciences industry grossed a total revenue of 110.89 billion dollars in Asia Pacific in 2009, with nearly half the revenues - 54.24 billion dollars - coming from the listed companies, said the journal for life sciences industry. The magazine projected three-five per cent growth for the industry in 2010.
This third edition of the survey by BioSpectrum Asia did not include general healthcare and equipment providers and was limited to publicly listed companies, the magazine said. A sample survey of private companies was, however, factored into the survey numbers.
China's listed companies by grossing a revenue of 22 billion dollars grew the fastest at 51.82 per cent, followed by Taiwan which posted a growth of 46.59 per cent but its revenue were just 2 billion dollar.
India's publicly listed firms with revenues of 14.59 billion dollars grew the slowest at 1.42, the survey said.
Seven Indian companies - Cipla, Ranbaxy, Dr Reddys Laboratories, Cadila, Lupin, Aurobindo Pharma and Sun Pharma - were among Asia's top 20 listed life sciences companies and accounted for 82 per cent of the total revenue of listed Indian firms.
Cipla by clocking a revenue of 1.17 billion dollars became Indias top company in 2009, replacing Ranbaxy which occupied the slot in 2008, said the survey.
The survey said barring the lone biopharma company Biocon (ranked 16), India's top 20 life sciences firms are pharma companies.
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