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flag India’s contract drug manufacturing sector to grow 13% annually, reaching $15.4B by 2029, driven by global outsourcing and supply chain shifts.

flag India’s CRDMO sector is projected to grow at a 13% CAGR from 2024 to 2029, reaching $15.4 billion, with its global market share rising to 5%, driven by pharmaceutical outsourcing, complex drug demand, and the "China+1" strategy. flag The country’s advantages include a large pool of STEM graduates, lower costs, strong regulatory compliance, and the most U.S. FDA-approved API facilities worldwide. flag Indian firms are advancing from basic manufacturing to integrated research-to-commercial services, supported by growing investment and global supply chain diversification.

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