Latest News- Contract Research And Manufacturing Service (CRAMS) Market in India: Manufacturing is expected to lead the Service segment during 2025-2029

The Contract Research And Manufacturing Service (CRAMS) Market in India is being driven by Diverse range of service offerings by CRAMS providers

The Contract Research And Manufacturing Service (CRAMS) Market in India is expected to grow at a CAGR of 11.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 17114.6 million. In India's Contract Research and Manufacturing Services (CRAMS) market, technological advancements are the key growth drivers. CRAMS providers are utilizing leading-edge technologies to optimize processes and automate operations, thereby enhancing efficiency, productivity, and quality throughout the drug development and manufacturing process. Notably, process optimization and automation are significant areas of technological innovation. Companies such as Jubilant Pharmova Ltd. have adopted advanced automation systems and optimization techniques to streamline manufacturing, minimize waste, and boost yield. These technological breakthroughs not only heighten operational efficiency but also decrease production costs, making CRAMS a more economical option for clients. Additionally, advancements in analytical technologies empower CRAMS providers to deliver more comprehensive and sophisticated analytical testing services. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Service
  • Manufacturing
  • Research
• Therapeutic Area
  • Cardiovascular
  • Infectious disease
  • Endocrine disease
  • Oncology
  • Others
• End-user
  • Pharmaceutical and biopharmaceutical companies
  • Medical device companies
  • Academic and research institutes
• Technology
  • Bioinformatics
  • Combinatorial chemistry
  • High-throughput screening
  • Spectroscopy
  • Others
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Diverse range of service offerings by CRAMS providers
• Availability of cost-effective solutions for research, development, and manufacturing services
• Presence of highly skilled workforce in pharmaceutical sciences and biotechnology

However, the market also witnesses some limitations, which are as follows:

• Need to meet stringent regulatory compliance requirements of pharmaceutical and biotechnology industries
• Need for continuous improvements in drug research and manufacturing quality standards
• Higher concentration of CROs than CMOs

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Market Scope in Contract Research And Manufacturing Service (CRAMS) Market in India Research Report

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Research Analysis Overview

In India, the Contract Research and Manufacturing Services (CRAMS) market encompasses the provision of both research and manufacturing services to pharmaceutical and biotechnology companies. This includes services related to drug development, project management, precision/personalized medicine, and R&D pipeline. Academic institutes often collaborate with Contract Research Organizations (CROs) for patient recruitment and clinical trials. CROs offer CRO services such as physical characterization services, development pipeline support, and contract manufacturing for drug products.

Market Research Overview

The Contract Research and Manufacturing Services (CRAMS) market in India is a significant segment of the larger global life science tools and services market. This market encompasses academic institutions, drug development firms, and project management companies, among others, providing services such as chronic disease research, drug pipeline management, and artificial intelligence (AI) integration for drug product development. The expansion of this market can be attributed to several factors, including the growing prevalence of chronic diseases, the increasing number of drug pipelines under development, and the rising demand for outsourcing research and manufacturing processes to specialized service providers. Additionally, advancements in AI and technology are expected to further fuel market growth. The global life science tools and services market, which includes the revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and contract research organizations (CROs) like CRAMS, is projected to experience significant growth due to these factors and the increasing global population aging, leading to a higher demand for healthcare solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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