"India to be fastest growing market in Asia Pacific"

In a recent interaction with the BioSpectrum, Mr Christian Henry, senior vice president and chief commercial officer of Illumina gave a detailed picture of the company’s operations in India and Asia Pacific

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Mr Christian Henry, senior vice president and chief commercial officer of Illumina

Illumina, Inc., was listed #1 in the top 50 global smartest technology companies by the MIT's Technology Review magazine. The company has been a market leader in the genomics and sequencing technologies. BioSpectrum's Rahul Koul spoke to one of the top executives of the company to know its India focused strategy:

Q: What is the purpose behind your visit to India? How do you perceive India and Asia-Pacific region as a destination for doing business?

Since this was my first visit to India, the basic purpose was to meet customers and understand their needs. India is a substantial market for sequencing as it relates to medical research, agriculture, non-invasive prenatal testing and biopharma.

We consider India in particular and Asia Pacific in general as important regions for our growing business. India still is a very challenging market for technology companies. Its import/export policies, regulations and government funding processes are complex at times. However, we see India as an emerging market; it has a lot of potential. We will keep investing for the long-term benefits in genomics. Apart from India, the Japanese market has been promising. It has had resurgence in genomics and the government believes in the genomics movement. We saw an incredible growth there. The market in China continues to grow quickly as well. Both China and Japan are relatively bigger markets than India. China has seen decent growth in last 2-3 years but it has been a steady growth and not exponential. We think that the exponential part of the curve in India is still to come. I think there is a lot of opportunity over the next 4-5 years and I would expect to see exponential growth in India. I feel that there is no reason why India cannot be the fastest among all the nations in Asia Pacific.

Q: How has the genomics landscape transformed over the period of time? Where do you stand here?

 

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