Research and Markets (http://www.researchandmarkets.com/research/9cf366/contract_research)
has announced the addition of the "Contract
Research and Manufacturing (CRAMS) Service Market in India 2014-2018"
report to their offering.
The CRAMS market in India to grow at a CAGR of 32.67 percent over the
CRAMS is defined as the process of outsourcing research services/
product manufacturing activities to organizations which can provide the
service at a low cost. CRAMS basically consists of the following two
activities: contract research and contract manufacturing. CRAMS is
mainly used in the Pharmaceutical and Biotechnology sectors that require
extensive R&D and large-scale manufacturing facilities. It is expected
that the demand for contract research and contract manufacturing is
expected to increase in India in th future.
In terms of activities, the CRAMS market in India can be segmented into
two: Contract Research and Contract Manufacturing. To calculate the
market size, the report considers the revenue generated from the
services offered by contract research and contract manufacturing
organizations to other equipment manufacturers (OEMs) for the
manufacturing of new chemical entities, API, and pre-clinical and
The CRAMS Market in India is expected to grow at a rapid rate mainly
because of an increase in strategic alliances. Indian companies are
expanding their footprints to major geographies through strategic
According to the report, one of the major drivers in the market is the
rising cost of research in developed markets. Outsourcing research and
manufacturing activities to developing countries such as India has
become a necessity. Factors favoring India as an outsourcing country are
positive government policies, fast-developing infrastructure, and a
Further, the report states that one of the main challenges that the
market faces is growing global competition. Countries such as China,
Russia, Brazil, and Taiwan are competing with India in the CRAMS market.
Other Prominent Vendors
For more information visit http://www.researchandmarkets.com/research/9cf366/contract_research
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