Messe Muenchen India organized a regional edition of analytica Anacon India and India Lab Expo, the market-leading trade fairs for laboratory technology, analysis, biotechnology, and diagnostics. This is the maiden edition which was currently held in Mumbai from April 25-26, 2018 at the Bombay Exhibition Centre, Goregaon. The expo attracted over 4000 visitors and showcased over 100 national and international exhibitors from Germany, USA, China, Japan, and Korea.
The Analytical instrument industry is majorly import driven with 83% share in 2016, expected to come down to 74% by 2020 having CAGR 22% between 2012-2020 with major importing nations like China, USA, and Europe, as per a recent report by Euro Asia Consulting.
Indian Analytical instrument consumption is seen in key application sectors such as Pharmaceutical, Biotechnology, Testing, Inspection & Certification industry and Government & Academia. The growth of analytical instruments market largely depends on the performance and R & D spending of industries such as Pharmaceutical, Biotechnology, Chemical and Oil & Gas etc.
India remains heavily import-dependent (70-80%) to meet Analytical instruments demand, wherein high-end equipment is imported, while local manufacturing is limited to basic to medium technology equipment. Analytical instrument industry is evolving with trends such as smart technology adoption, miniaturization, portable instruments, and customization; customization being highly demanded by end users. Indian analytical instruments industry is emerging (2 Billion EUR) and has potential opportunities mainly driven by shifting customer focus, foreign player’s footprint and emerging application sectors.
India’s pharmaceutical sector has reformed into a global R&D hub. India’s pharma industry exhibits strong manufacturing and export competencies allowing it to be one of the most competitive regions globally. The growth in Life Sciences, Pharmaceutical Research, Biotechnology, Chemical, Oil & Gas, Food & Beverage industry is fueling the consumption of analytical instrument in India. Indian analytical instrument industry is expected to reach 2.4 billion EUR by 2020 having CAGR of 17% which currently stands at 4% of global market.
The Mumbai Edition of analytica Anacon India and India Lab Expo saw participation from leading companies such as Airtech Corporation, Anatek Services, Chromline Equipment, Genet Bio Co., and many more. The event also had a series of conference programs focusing on in-depth discussions on the development, challenges, and implementation of quality standards pertaining to bio-pharma process. Renowned speakers from Reliance Life Sciences; National Institute of Biologicals, Ministry of Health and Family Welfare, Government of India; Syngene International Limited; Global Biologics, United States Pharmacopeia; Hetero Drugs delivered key insights.