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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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