APAC bio science generated total revenue crossed $173 billion, recorded 12% growth from year 2012 to 2013

Amidst turmoil in many of the Asia-Pacific markets in the past year with general economic slowdown and regulatory and quality issues, the regional bioscience industry had done well in 2013. The 7th annual BioSpectrum Asia-Pacific Bioscience Survey indicates that the industry grew by 12 percent in 2013, compared to 11 percent in 2012. The total revenues crossed $173 billion compared to $154 billion in 2012.

Over 300 publicly listed bioscience companies in the region are the main engines of growth for the APAC industry. Collectively, these companies crossed the $100 billion mark for the first time. Privately held companies, mostly in India and China, accounted for more than 40 percent of the industry's revenue.

Within the region, the performance of various national markets varied wildly. While the industry in China grew by 22 percent in 2013, India's industry recorded an abysmal 3 percent growth only. In terms of growth, Singapore was a big winner with the national bioscience industry on a booster dose with 48 percent growth in 2013. The pharma manufacturers in Singapore had their best year in the past decade, thanks to big orders from the region for many of the locally-made products.

China continued the trend of hosting the largest segment of bioscience industry in the region, followed by India. There are nearly 100 publicly listed bioscience companies in China and their revenue crossed the $50 billion mark for the first time. India's companies are second to China but their combined revenue was just half of that of China, accounting for about $26 billion. In fact, the $25.8 billion revenue of government-controlled, Sinopharm, the No. 1 bioscience company in APAC, is almost equivalent to the combined revenue of all the publicly listed pharma companies in India. The wide gap between the No 1 and No 2 bioscience markets has remained more or less the same for the past five years.

Source: http://www.biospectrumasia.com/biospectrum/opinion/215495/-growth-pushes-apac-bioscience-usd173-bn

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