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-
According to Arun Jethmalani, CEO, ValueNotes, "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."
ValueNotes 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, Senior Analyst at ValueNotes, "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, ValueNotes
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-
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, by ValueNotes / KnowGenix, is based on extensive interviews with key bioinformatics vendors in India, supplemented with knowledge from secondary sources
Table of Contents
1. EXECUTIVE SUMMARY
2. Definition and Role of Bioinformatics
2.1 Growing Demand for Biotechnology
2.2 Role of Bioinformatics
2.3 Customer Base
2.4 Bioinformatics Target Disciplines
2.5 Bioinformatics Market Segments
2.6 Bioinformatics Tools
3. Bioinformatics Market - Outsourcing Opportunity
3.1 Global Bioinformatics Market
3.2 Indian Bioinformatics Opportunity
3.3 India Advantage - Offshoring Drivers
3.4 Constraints to Offshoring to India
3.5 Indian Bioinformatics Industry - SWOT analysis
3.6 Comparative Country Analysis
4. Indian Vendor Analysis
4.1 Indian Bioinformatics Industry Structure
4.2 Vendor Scenario
4.3 Vendor Analysis
4.4 Vendor Challenges
4.5 Availability of Funding
5. Projections, Trends and Insights
5.1 Projections
5.2 Business Models - Partnering the way to go
5.3 Impact of Technological Trends
5.4 Impact of Industry Trends
5.5 Opportunities for Vendors
6. Vendor Profiles
6.1 Avestha Gengraine Technologies Pvt. Ltd.
6.2 GVK Biosciences Pvt. Ltd.
6.3 HCL Technologies
6.4 Infosys Technologies Ltd.
6.5 Jubilant Biosys Ltd.
6.6 LabVantage Solutions Pvt. Ltd.
6.7 Mphasis Ltd.
6.8 Ocimum Biosolutons Ltd.
6.9 Strand Life Sciences
6.10 Tata Consultancy Services Ltd.
6.11 Services Offerings of Select Vendors
7. Appendix: Related Information
7.1 Non-Life Sciences Bioinformatics Customer Groups
7.2 Functions of the Biotechnology Information System Network (BTIS)
7.3 The Biotechnology Policy of India (BPI- 2004)
8. Vendor Directory
9. Research Methodology
10. About ValueNotes
11. About KnowGenix
Table of Exhibits
Exhibit 1: Definition of Bioinformatics
Exhibit 2: Drivers for Off-shoring of Bioinformatics
Exhibit 3: Projected Global Bioinformatics Market (2007-2010)
Exhibit 4: Projected Bioinformatics Off-shoring Market in India (2007-2010)
Exhibit 5: Vendor Segmentation
Exhibit 6: Vendor Category Specialization versus Bioinformatics as percentage of all Services
Exhibit 7: Likely Winners
Exhibit 8: Opportunities to Bioinformatics Vendors
Exhibit 9: Evolution of Bioinformatics
Exhibit 10: Life Science data + IT = Bioinformatics
Exhibit 11: Scope of Bioinformatics
Exhibit 12: Bioinformatics Industry Participants
Exhibit 13: Global Bioinformatics break-up by Target Disciplines
Exhibit 14: Bioinformatics - Demand and Supply side
Exhibit 15: Market Segments
Exhibit 16: Bioinformatics Software sub-disciplines
Exhibit 17: Global Bioinformatics Market (2004-2007)
Exhibit 18: Indian Biotech Industry Segments (2006-07)
Exhibit 19: Indian Biotech Industry Revenues
Exhibit 20: Indian Bioinformatics Market (2004-2007)
Exhibit 21: Indian Bioinformatics break-up by Target Disciplines
Exhibit 22: Indian Bioinformatics Outsourcing Opportunity
Exhibit 23: Select Outsourcing Deals
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