Press Release Forum [pressreleaseforum.com] Forum Index

Press Release Forum [pressreleaseforum.com]
Free Press Release Distribution

A site of EPR Network

 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Real Time Press Release Distribution is here. Try it out, it's free!

 

Bioinformatics Outsourcing for Life Sciences: India

 
Post new topic   Reply to topic    Press Release Forum [pressreleaseforum.com] Forum Index -> Biotech Press Releases
View previous topic :: View next topic  
Author Message
Bharatbook



Joined: 11 Oct 2007
Posts: 10
Location: India

PostPosted: Mon Apr 28, 2008 4:22 am    Post subject: Bioinformatics Outsourcing for Life Sciences: India Reply with quote

Bioinformatics Outsourcing for Life Sciences: India Opportunity

Research companies around the world now feel the need for enormous computing and data management competencies to sequence and categorize data generated by drug-discovery labs. To facilitate the storage, management, retrieval, and analysis of this large-scale data, the application of IT to the life sciences sector - bioinformatics, assumes increasingly higher significance. The use of bioinformatics tools lowers costs, improves efficiency and reduces development-to-launch timelines. The drive to further reduce R&D costs by off-shoring to low cost destinations is fuelling the outsourcing of bioinformatics services from India. This report examines the bioinformatics services outsourcing market in India for the life sciences space.

According to Arun Jethmalani, CEO "Outsourcing to India, compared to other developed countries, offers about 30-40% costs savings in overall drug discovery research, and close to 60% cost savings when outsourcing core bioinformatics services. This is owing to the lower wage costs for skilled manpower, and lower infrastructure costs."

It estimates that India's bioinformatics services outsourcing revenues are about USD 32 million, and are expected to grow at a CAGR of 25% touching USD 62 million by 2010. India has emerged as an attractive destination for outsourcing bioinformatics services owing to availability of low cost English-speaking manpower, lower capital and operational costs, and its established success as an IT and pharma outsourcing hub. "Vendors, that lack international visibility for their products, are rapidly building service capabilities to capitalize on the India advantage. Pure play companies offer specialized services, IT companies offer services across the life sciences vertical while domestic life sciences companies are offering a complete research solution that includes bioinformatics services", says Dr Raj Rajagopal, CCO KnowGenix.

The Indian vendor landscape for bioinformatics services outsourcing is made up of:

Pure bioinformatics companies like Strand Life Sciences, Molecular Connections, VLife Sciences Technologies
Domestic IT companies like Infosys, HCL Technologies, TCS
Domestic companies with focus on CRAMS like Jubilant Biosys, Avesthagen, GVK Biosciences
Multinational IT companies like Mphasis, IBM India
Multinational Pure bioinformatics companies like Cytogenomics, LabVantage
Going forward, we expect vendors to explore alliances or acquisitions to broaden their product/service portfolio, customer base, and geographical reach. Currently, vendors are actively seeking alliances that complement their core competencies and allow them to use emerging technologies in a mutually beneficial and cost competitive manner. Partnering strategies like licensing arrangements, marketing arrangements, and collaborative product development and research partnerships will be increasingly undertaken. According to Suchita Chaudhari "We believe companies offering an integrated services portfolio will enjoy an upper hand, compelling pure play vendors offering only discovery informatics to expand into clinical trials informatics, and / or life sciences research to remain competitive."

A critical success factor for India as a rising destination for outsourcing bioinformatics services is the availability of quality manpower. "India is facing a shortage of experienced bioinformatics professionals, which is resulting in higher attrition and rising wage levels. These in turn could reduce the cost competitiveness of India over her other counterparts in China, Brazil, Ireland, etc. Government and private initiatives to boost industry-academia interaction, and corporate training initiatives are a step in the right direction," believes Poonam Bhana, Analyst.
The report provides an overview of the buyer scenario and an in-depth analysis of the Indian vendor space along with profiles of major industry players. The report is designed to help:

Research companies looking to outsource/off-shore bioinformatics services
Global biotechnology and pharmaceutical companies to gain understanding of the Indian bioinformatics vendor space
Outsourcing consultants to evaluate and compare offerings of Indian bioinformatics vendors
Potential vendors to assess opportunities in India
Bioinformatics vendors to assess the competitive environment in India
Venture capital companies looking for investment opportunities
Researchers looking for detailed information on Bioinformatics services off-shoring to India

This study, is based on extensive interviews with key bioinformatics vendors in India, supplemented with knowledge from secondary sources

For more details kindly visit us at:
http://www.bharatbook.com/detail.asp?id=70033

For more related reports kindly visit us at:
http://www.bharatbook.com/category.asp?catid=40

Bharat Book Bureau
207, Hermes Atrium, Sector 11, PO Box.54, CBD Belapur, Navi Mumbai - 400 614, India.
Phone : +91 22 2757 8668 / 2757 9438
Fax : +91 22 2757 9131
E-mail : info@bharatbook.com
Website : www.bharatbook.com
_________________
Copyright © Bharat Book Bureau, 2004."3B" is the Trademark of Bharat Book Bureau.
Back to top
View user's profile Send private message Visit poster's website
Display posts from previous:   
Post new topic   Reply to topic    Press Release Forum [pressreleaseforum.com] Forum Index -> Biotech Press Releases All times are GMT - 4 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Submit Press Release (Free)Submit Press Release