Dr Ashes Ganguly, founder Director of Cryogen Instruments India, one of the leading suppliers of Speciality/Isotopic Gases and Nuclear Medicines in the country, is heading the Indian Analytical Instrument Association (IAIA) as president since 2015 till 2018. In an interaction with BioSpectrum he shares his views as President of IAIA on government’s Make in India scheme and GST etc. Experts of the interview.
According to you, what are the trends in biosuppliers market with respect to life sciences and healthcare industry in India?
The Bio-suppliers market in India is certainly growing at an average rate of 10%+ for the Life science and Healthcare industry in India. But it is certainly not growing as expected.
How many companies (manufacturers and distributors) are currently operating in this space?
There are few 100’s of companies that are operating in India either has a distributor or manufacturer but might be only a couple of dozen companies are having a turn over more than $ 10 million.
According to you how many people are engaged (being employed with companies) in this space and do you see the industry will absorb more candidates in the coming period?
Keeping a part of CRO & Clinical Research there are around 10K+ employees in this industry but there is no definite data in our hand from which we can conclude the exact numbers. For that it’s a herculean exercise which we have to perform to get the exact numbers wherein all companies should be transparent to share the employee strength as well as turn over too.
How do you see the opportunities for Bio suppliers for life sciences and healthcare industry?
This story is from the September 2017 edition of Bio Spectrum.
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This story is from the September 2017 edition of Bio Spectrum.
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