India Biological Sample Handling market is expected to grow at CAGR of around 9.5% during the forecast period. India is one of the fastest-growing economies across the globe; and thus, contributes considerably to the biological sample handling market. There major factors driving the market growth include the increasing per capita healthcare expenditure and increasing funding in biotechnology research in the country. According to India Brand Equity Foundation (IBEF), the biotechnology industry of India was valued at $11 billion in 2016, and with intensive R&D activities and strong government initiatives, the industry is expected to reach $100 billion by 2025.

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The changing healthcare scenario in India is further creating opportunities for an increase in demand for drugs that are used to treat disorders related to the CVDs. The growing population in India will mark the country as high potential location for clinical trials, a low-cost manufacturing destination, and an untapped high potential market by 2050. The healthcare system in India is struggling to cater to demand the vast population of the country; however, increasing government expenditure on the healthcare system is creating opportunities for business growth in India.

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The Government of India has taken some steps to promote biological sample collection techniques and have set up numbers of stem cell banks throughout the country. For instance, LifeCell, India’s first and largest stem cell bank, has been successfully operating in the country since its inception in 2004 and has gained the trust of over 3 million parents who have banked their children’s stem cells with the company. Company’s registry currently has over 25,000 qualified cord blood samples.

Secondary Sources Include

Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.

Market Segmentation

India Biological Sample Handling Market by Storage Type

Cold Storage
Room Temperature Storage

India Biological Sample Handlings Market by Application

Drug Discovery
Forensic Investigation
DNA Extraction
Proteomics and Genomics Studies
Others

India Biological Sample Handlings Market by Ownership

Commercial
Academic/Research

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